SILVER - USD - 15 min. - Technical analysis published on 05/25/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 23.21 USD
My targets
22.88 USD (-0.51%)
22.70 USD (-1.32%)
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 23.21 USD. The sellers' bearish objective is set at 22.88 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 22.70 USD. In case of crossing, the next objective would be the support located at 22.37 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.5
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Additional analysis
Quotes
The SILVER - USD price is 23.00 USD. The price registered a decrease of -0.30% on the session and was traded between 22.91 USD and 23.15 USD over the period. The price is currently at +0.39% from its lowest and -0.65% from its highest.22.91
23.15
23.00
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this SILVER - USD chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 17.83 | 20.04 | 20.68 | 23.00 | 23.10 | 23.20 | 23.32 |
| Change (%) | -22.48% | -12.87% | -10.09% | - | +0.43% | +0.87% | +1.39% |
| Change | -5.17 | -2.96 | -2.32 | - | +0.10 | +0.20 | +0.32 |
| Level | Intermediate | Intermediate | Major | - | Minor | Minor | 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 | 22.37 | 22.70 | 22.88 | 23.21 | 23.39 | 23.72 | 23.90 |
| Camarilla | 22.93 | 22.98 | 23.02 | 23.07 | 23.12 | 23.16 | 23.21 |
| Woodie | 22.31 | 22.66 | 22.82 | 23.17 | 23.33 | 23.68 | 23.84 |
| Fibonacci | 22.70 | 22.89 | 23.01 | 23.21 | 23.40 | 23.52 | 23.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.47 | 22.89 | 23.36 | 23.78 | 24.25 | 24.67 | 25.14 |
| Camarilla | 23.58 | 23.66 | 23.74 | 23.82 | 23.90 | 23.98 | 24.07 |
| Woodie | 22.49 | 22.90 | 23.38 | 23.79 | 24.27 | 24.68 | 25.16 |
| Fibonacci | 22.89 | 23.23 | 23.44 | 23.78 | 24.12 | 24.33 | 24.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.19 | 22.37 | 23.72 | 24.90 | 26.25 | 27.43 | 28.78 |
| Camarilla | 24.36 | 24.60 | 24.83 | 25.06 | 25.29 | 25.52 | 25.76 |
| Woodie | 21.27 | 22.41 | 23.80 | 24.94 | 26.33 | 27.47 | 28.86 |
| Fibonacci | 22.37 | 23.34 | 23.94 | 24.90 | 25.87 | 26.47 | 27.43 |
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): | 37.46 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -10.42 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 23.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.12 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 23.12 | |
| Zig ZAG (10): | 22.97 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 17.74 | |
| TEMA (21): | 23.04 | |
| Williams %R (14): | -84.21 | |
| Chande Momentum Oscillator (20): | -0.14 | |
| Repulse (5,40,3): | -0.1700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.50 |
| MA7: | 23.46 | |
| MA20: | 24.48 | |
| MA50: | 24.34 | |
| MA100: | 23.37 | |
| MAexp7: | 23.03 | |
| MAexp20: | 23.06 | |
| MAexp50: | 23.07 | |
| MAexp100: | 23.13 | |
| Price / MA7: | -1.96% | |
| Price / MA20: | -6.05% | |
| Price / MA50: | -5.51% | |
| Price / MA100: | -1.58% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.56% |
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
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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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