SILVER - USD - 15 min. - Technical analysis published on 05/26/2023 (GMT)
- 139
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 22.85 USD
My targets
23.31 USD (+0.60%)
23.47 USD (+1.29%)
My analysis
The bullish trend is currently very strong on SILVER - USD. As long as the price remains above the support at 22.85 USD, you could try to benefit from the boom. The first bullish objective is located at 23.31 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 23.47 USD as an objective. Crossing it would then enable buyers to target 23.53 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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 23.17 USD. The price registered an increase of +2.03% on the session with the lowest point at 22.68 USD and the highest point at 23.23 USD. The deviation from the price is +2.16% for the low point and -0.26% for the high point.22.68
23.23
23.17
Here is a more detailed summary of the historical variations registered by SILVER - USD:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this SILVER - USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
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 currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.04 | 20.68 | 22.69 | 23.17 | 23.20 | 23.32 | 23.53 |
| Change (%) | -13.51% | -10.75% | -2.07% | - | +0.13% | +0.65% | +1.55% |
| Change | -3.13 | -2.49 | -0.48 | - | +0.03 | +0.15 | +0.36 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | 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 | 22.09 | 22.39 | 22.55 | 22.85 | 23.01 | 23.31 | 23.47 |
| Camarilla | 22.58 | 22.63 | 22.67 | 22.71 | 22.75 | 22.79 | 22.84 |
| Woodie | 22.02 | 22.36 | 22.48 | 22.82 | 22.94 | 23.28 | 23.40 |
| Fibonacci | 22.39 | 22.57 | 22.67 | 22.85 | 23.03 | 23.13 | 23.31 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 69.98 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 21.59 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 23.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.10 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 23.07 | |
| Zig ZAG (10): | 23.22 | |
| VORTEX (21): | 1.2300 | |
| Stochastique (14,3,5): | 85.42 | |
| TEMA (21): | 23.19 | |
| Williams %R (14): | -18.75 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.62 |
| MA7: | 23.34 | |
| MA20: | 24.37 | |
| MA50: | 24.37 | |
| MA100: | 23.36 | |
| MAexp7: | 23.17 | |
| MAexp20: | 23.11 | |
| MAexp50: | 23.02 | |
| MAexp100: | 22.99 | |
| Price / MA7: | -0.73% | |
| Price / MA20: | -4.92% | |
| Price / MA50: | -4.92% | |
| Price / MA100: | -0.81% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.61% | |
| Price / MAexp100: | +0.74% |
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 - 15 min.