SILVER - USD - Daily - Technical analysis published on 05/13/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 27.59 USD
My targets
28.53 USD (+1.64%)
29.77 USD (+6.06%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SILVER - USD as long as the price remains well above 27.59 USD. The buyers' bullish objective is set at 28.53 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 29.77 USD. If there is any crossing, the next objective would be the resistance located at 34.99 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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This analysis was given by pitiantuta. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SILVER - USD rating 28.07 USD. The price is lower by -0.36% since the last closing and was traded between 27.96 USD and 28.24 USD over the period. The price is currently at +0.39% from its lowest and -0.60% from its highest.27.96
28.24
28.07
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of SILVER - USD indicates that the overall trend is strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 24.45 | 26.20 | 27.59 | 28.07 | 28.53 | 29.77 | 34.99 |
Change (%) | -12.90% | -6.66% | -1.71% | - | +1.64% | +6.06% | +24.65% |
Change | -3.62 | -1.87 | -0.48 | - | +0.46 | +1.70 | +6.92 |
Level | Minor | Major | Intermediate | - | Major | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 27.15 | 27.60 | 27.88 | 28.33 | 28.61 | 29.06 | 29.34 |
Camarilla | 27.97 | 28.04 | 28.10 | 28.17 | 28.24 | 28.30 | 28.37 |
Woodie | 27.08 | 27.56 | 27.81 | 28.29 | 28.54 | 29.02 | 29.27 |
Fibonacci | 27.60 | 27.88 | 28.05 | 28.33 | 28.61 | 28.78 | 29.06 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 24.47 | 25.45 | 26.81 | 27.79 | 29.15 | 30.13 | 31.49 |
Camarilla | 27.53 | 27.74 | 27.96 | 28.17 | 28.39 | 28.60 | 28.81 |
Woodie | 24.66 | 25.55 | 27.00 | 27.89 | 29.34 | 30.23 | 31.68 |
Fibonacci | 25.45 | 26.34 | 26.90 | 27.79 | 28.68 | 29.24 | 30.13 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 19.08 | 21.92 | 24.13 | 26.97 | 29.18 | 32.02 | 34.23 |
Camarilla | 24.96 | 25.42 | 25.89 | 26.35 | 26.81 | 27.28 | 27.74 |
Woodie | 18.78 | 21.76 | 23.83 | 26.81 | 28.88 | 31.86 | 33.93 |
Fibonacci | 21.92 | 23.85 | 25.04 | 26.97 | 28.90 | 30.09 | 32.02 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 58.88 | |
MACD (12,26,9): | 0.3500 | |
Directional Movement: | 12.29 | |
AROON (14): | 42.86 | |
DEMA (21): | 27.88 | |
Parabolic SAR (0,02-0,02-0,2): | 26.17 | |
Elder Ray (13): | 0.57 | |
Super Trend (3,10): | 26.08 | |
Zig ZAG (10): | 28.03 | |
VORTEX (21): | 1.0100 | |
Stochastique (14,3,5): | 79.14 | |
TEMA (21): | 27.67 | |
Williams %R (14): | -26.81 | |
Chande Momentum Oscillator (20): | 0.68 | |
Repulse (5,40,3): | 0.9400 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1800 | |
Courbe Coppock: | 1.15 |
MA7: | 27.59 | |
MA20: | 27.48 | |
MA50: | 26.39 | |
MA100: | 24.68 | |
MAexp7: | 27.72 | |
MAexp20: | 27.37 | |
MAexp50: | 26.44 | |
MAexp100: | 25.38 | |
Price / MA7: | +1.74% | |
Price / MA20: | +2.15% | |
Price / MA50: | +6.37% | |
Price / MA100: | +13.74% | |
Price / MAexp7: | +1.26% | |
Price / MAexp20: | +2.56% | |
Price / MAexp50: | +6.16% | |
Price / MAexp100: | +10.60% |
Quotes :
-
Real time data
-
Gold & Silver Spot
News
Don't forget to follow the news on SILVER - USD. At the time of publication of this analysis, the latest news was as follows:
- Silver Prices forecast for the week of December 12 2016, Technical Analysis
- Silver Technical Analysis for December 12 2016 by FXEmpire.com
- Silver Technical Analysis for December 09 2016 by FXEmpire.com
- Silver Technical Analysis for December 08 2016 by FXEmpire.com
- Silver Technical Analysis for December 07 2016 by FXEmpire.com
This member declared not having a position on this financial instrument or a related financial instrument.
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