SILVER - USD - 15 min. - Technical analysis published on 02/22/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
17%
28%
56%
My opinion
Bullish above 22.95 USD
My targets
23.13 USD (+0.27%)
23.37 USD (+1.29%)
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 22.95 USD. The buyers' bullish objective is set at 23.13 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 23.37 USD. If there is any crossing, the next objective would be the resistance located at 23.55 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5
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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 23.07 USD. The price registered an increase of +0.74% on the session with the lowest point at 22.86 USD and the highest point at 23.16 USD. The deviation from the price is +0.92% for the low point and -0.39% for the high point.22.86
23.16
23.07
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SILVER - USD in 15 min. shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 22.51 | 22.82 | 23.03 | 23.07 | 23.18 | 23.41 | 23.88 |
| Change (%) | -2.43% | -1.08% | -0.17% | - | +0.48% | +1.47% | +3.51% |
| Change | -0.56 | -0.25 | -0.04 | - | +0.11 | +0.34 | +0.81 |
| Level | Minor | Major | Minor | - | Major | Major | Minor |
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 | 22.29 | 22.53 | 22.71 | 22.95 | 23.13 | 23.37 | 23.55 |
| Camarilla | 22.79 | 22.82 | 22.86 | 22.90 | 22.94 | 22.98 | 23.02 |
| Woodie | 22.27 | 22.52 | 22.69 | 22.94 | 23.11 | 23.36 | 23.53 |
| Fibonacci | 22.53 | 22.69 | 22.79 | 22.95 | 23.11 | 23.21 | 23.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.83 | 21.38 | 22.40 | 22.95 | 23.97 | 24.52 | 25.54 |
| Camarilla | 22.99 | 23.13 | 23.28 | 23.42 | 23.56 | 23.71 | 23.85 |
| Woodie | 21.07 | 21.50 | 22.64 | 23.07 | 24.21 | 24.64 | 25.78 |
| Fibonacci | 21.38 | 21.98 | 22.35 | 22.95 | 23.55 | 23.92 | 24.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.67 | 20.80 | 21.85 | 22.98 | 24.03 | 25.16 | 26.21 |
| Camarilla | 22.31 | 22.51 | 22.71 | 22.91 | 23.11 | 23.31 | 23.51 |
| Woodie | 19.64 | 20.78 | 21.82 | 22.96 | 24.00 | 25.14 | 26.18 |
| Fibonacci | 20.80 | 21.63 | 22.14 | 22.98 | 23.81 | 24.32 | 25.16 |
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): | 53.25 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 4.39 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 23.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.13 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 23.01 | |
| Zig ZAG (10): | 23.06 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 31.67 | |
| TEMA (21): | 23.10 | |
| Williams %R (14): | -91.67 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.37 |
| MA7: | 22.95 | |
| MA20: | 22.77 | |
| MA50: | 23.13 | |
| MA100: | 23.14 | |
| MAexp7: | 23.07 | |
| MAexp20: | 23.06 | |
| MAexp50: | 23.01 | |
| MAexp100: | 22.99 | |
| Price / MA7: | +0.52% | |
| Price / MA20: | +1.32% | |
| Price / MA50: | -0.26% | |
| Price / MA100: | -0.30% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.35% |
Quotes :
-
Real time data
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Gold & Silver Spot
News
The last news published on SILVER - USD at the time of the generation of this analysis was as follows:
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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
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Silver Technical Analysis for December 08 2016 by FXEmpire.com
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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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