SILVER - USD - Daily - Technical analysis published on 01/12/2022 (GMT)
- 161
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 23.54 USD
My targets
21.96 USD (-3.35%)
20.70 USD (-8.89%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SILVER - USD as long as the price remains well below 23.54 USD. The next bearish objective for sellers is set at 21.96 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 20.70 USD. If there is any crossing, the next objective would be the support located at 16.11 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 over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
4.3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Clay707. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILVER - USD rating is 22.72 USD. The price is lower by -0.13% since the last closing and was traded between 22.64 USD and 22.85 USD over the period. The price is currently at +0.35% from its lowest and -0.57% from its highest.22.64
22.85
22.72
Here is a more detailed summary of the historical variations registered by SILVER - USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SILVER - USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 16.11 | 20.70 | 21.96 | 22.72 | 23.54 | 25.32 | 26.35 |
Change (%) | -29.09% | -8.89% | -3.35% | - | +3.61% | +11.44% | +15.98% |
Change | -6.61 | -2.02 | -0.76 | - | +0.82 | +2.60 | +3.63 |
Level | Minor | Major | Major | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 22.19 | 22.32 | 22.54 | 22.67 | 22.89 | 23.02 | 23.24 |
Camarilla | 22.65 | 22.69 | 22.72 | 22.75 | 22.78 | 22.81 | 22.85 |
Woodie | 22.23 | 22.34 | 22.58 | 22.69 | 22.93 | 23.04 | 23.28 |
Fibonacci | 22.32 | 22.46 | 22.54 | 22.67 | 22.81 | 22.89 | 23.02 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 20.28 | 21.12 | 21.74 | 22.58 | 23.20 | 24.04 | 24.66 |
Camarilla | 21.97 | 22.10 | 22.24 | 22.37 | 22.50 | 22.64 | 22.77 |
Woodie | 20.18 | 21.07 | 21.64 | 22.53 | 23.10 | 23.99 | 24.56 |
Fibonacci | 21.12 | 21.67 | 22.02 | 22.58 | 23.13 | 23.48 | 24.04 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 20.00 | 20.71 | 22.01 | 22.72 | 24.02 | 24.73 | 26.03 |
Camarilla | 22.76 | 22.94 | 23.13 | 23.31 | 23.49 | 23.68 | 23.86 |
Woodie | 20.30 | 20.86 | 22.31 | 22.87 | 24.32 | 24.88 | 26.33 |
Fibonacci | 20.71 | 21.48 | 21.95 | 22.72 | 23.49 | 23.96 | 24.73 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 48.66 | |
MACD (12,26,9): | -0.0900 | |
Directional Movement: | -4.51 | |
AROON (14): | -57.14 | |
DEMA (21): | 22.60 | |
Parabolic SAR (0,02-0,02-0,2): | 23.11 | |
Elder Ray (13): | 0.06 | |
Super Trend (3,10): | 23.37 | |
Zig ZAG (10): | 22.71 | |
VORTEX (21): | 1.1000 | |
Stochastique (14,3,5): | 47.30 | |
TEMA (21): | 22.68 | |
Williams %R (14): | -47.97 | |
Chande Momentum Oscillator (20): | -0.33 | |
Repulse (5,40,3): | 0.8700 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0600 | |
Courbe Coppock: | 0.29 |
MA7: | 22.62 | |
MA20: | 22.73 | |
MA50: | 23.20 | |
MA100: | 23.29 | |
MAexp7: | 22.66 | |
MAexp20: | 22.73 | |
MAexp50: | 22.99 | |
MAexp100: | 23.45 | |
Price / MA7: | +0.44% | |
Price / MA20: | -0.04% | |
Price / MA50: | -2.07% | |
Price / MA100: | -2.45% | |
Price / MAexp7: | +0.26% | |
Price / MAexp20: | -0.04% | |
Price / MAexp50: | -1.17% | |
Price / MAexp100: | -3.11% |
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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis SILVER - USD - Daily