SILVER - USD - 1H - Technical analysis published on 02/09/2023 (GMT)
- 76
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
50%
17%
33%
My opinion
Neutral between 21.55 USD and 23.10 USD
My targets
-
My analysis
The short-term increase on SILVER - USD remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 23.10 USD. The first support is located at 21.55 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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 KBPRASAD. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILVER - USD price is 22.42 USD. The price has increased by +0.58% since the last closing and was traded between 22.25 USD and 22.56 USD over the period. The price is currently at +0.76% from its lowest and -0.62% from its highest.22.25
22.56
22.42
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SILVER - USD in 1H shows an overall slightly bearish trend. Only 50.00% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 19.85 | 20.68 | 22.38 | 22.42 | 23.41 | 23.78 | 24.02 |
| Change (%) | -11.46% | -7.76% | -0.18% | - | +4.42% | +6.07% | +7.14% |
| Change | -2.57 | -1.74 | -0.04 | - | +0.99 | +1.36 | +1.60 |
| Level | Minor | Major | Major | - | Major | Intermediate | Intermediate |
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 | 21.82 | 22.02 | 22.15 | 22.35 | 22.48 | 22.68 | 22.81 |
| Camarilla | 22.20 | 22.23 | 22.26 | 22.29 | 22.32 | 22.35 | 22.38 |
| Woodie | 21.80 | 22.00 | 22.13 | 22.33 | 22.46 | 22.66 | 22.79 |
| Fibonacci | 22.02 | 22.14 | 22.22 | 22.35 | 22.47 | 22.55 | 22.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.20 | 20.75 | 21.55 | 23.10 | 23.90 | 25.45 | 26.25 |
| Camarilla | 21.71 | 21.93 | 22.15 | 22.36 | 22.58 | 22.79 | 23.01 |
| Woodie | 18.84 | 20.56 | 21.19 | 22.91 | 23.54 | 25.26 | 25.89 |
| Fibonacci | 20.75 | 21.64 | 22.20 | 23.10 | 23.99 | 24.55 | 25.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.97 | 21.86 | 22.77 | 23.66 | 24.57 | 25.46 | 26.37 |
| Camarilla | 23.19 | 23.35 | 23.52 | 23.68 | 23.85 | 24.01 | 24.18 |
| Woodie | 20.98 | 21.87 | 22.78 | 23.67 | 24.58 | 25.47 | 26.38 |
| Fibonacci | 21.86 | 22.55 | 22.97 | 23.66 | 24.35 | 24.77 | 25.46 |
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): | 52.31 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 4.47 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 22.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.26 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 22.53 | |
| Zig ZAG (10): | 22.40 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 74.52 | |
| TEMA (21): | 22.44 | |
| Williams %R (14): | -48.39 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | -0.1900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.67 |
| MA7: | 22.73 | |
| MA20: | 23.43 | |
| MA50: | 23.48 | |
| MA100: | 21.81 | |
| MAexp7: | 22.42 | |
| MAexp20: | 22.39 | |
| MAexp50: | 22.39 | |
| MAexp100: | 22.57 | |
| Price / MA7: | -1.36% | |
| Price / MA20: | -4.31% | |
| Price / MA50: | -4.51% | |
| Price / MA100: | +2.80% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | -0.66% |
Quotes :
-
Real time data
-
Gold & Silver Spot
News
The last news published on SILVER - USD at the time of the generation of this analysis 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
Online
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 - 1H