SILVER FULL0524 - Daily - Technical analysis published on 02/25/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 27.640 USD
My targets
29.261 USD (+4.54%)
31.832 USD (+13.73%)
My analysis
The bullish trend is currently very strong on SILVER FULL0321. As long as the price remains above the support at 27.640 USD, you could try to benefit from the boom. The first bullish objective is located at 29.261 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 31.832 USD as an objective. Crossing it would then enable buyers to target 35.101 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILVER FULL0321 rating is 27.990 USD. On the day, this instrument gained +0.47% and was traded between 27.900 USD and 28.035 USD over the period. The price is currently at +0.32% from its lowest and -0.16% from its highest.27.900
28.035
27.990
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SILVER FULL0321:
Technical
Technical analysis of SILVER FULL0321 in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 24.668 | 26.247 | 27.640 | 27.990 | 29.261 | 35.101 | 48.599 |
Change (%) | -11.87% | -6.23% | -1.25% | - | +4.54% | +25.41% | +73.63% |
Change | -3.322 | -1.743 | -0.350 | - | +1.271 | +7.111 | +20.609 |
Level | Intermediate | Intermediate | Major | - | Major | Minor | 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 | 26.838 | 27.102 | 27.553 | 27.817 | 28.268 | 28.532 | 28.983 |
Camarilla | 27.808 | 27.874 | 27.940 | 28.005 | 28.071 | 28.136 | 28.202 |
Woodie | 26.933 | 27.149 | 27.648 | 27.864 | 28.363 | 28.579 | 29.078 |
Fibonacci | 27.102 | 27.375 | 27.544 | 27.817 | 28.090 | 28.259 | 28.532 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 24.244 | 25.175 | 26.214 | 27.145 | 28.184 | 29.115 | 30.154 |
Camarilla | 26.712 | 26.893 | 27.073 | 27.254 | 27.435 | 27.615 | 27.796 |
Woodie | 24.299 | 25.202 | 26.269 | 27.172 | 28.239 | 29.142 | 30.209 |
Fibonacci | 25.175 | 25.927 | 26.392 | 27.145 | 27.897 | 28.362 | 29.115 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 19.212 | 21.626 | 25.522 | 27.936 | 31.832 | 34.246 | 38.142 |
Camarilla | 27.683 | 28.261 | 28.840 | 29.418 | 29.996 | 30.575 | 31.153 |
Woodie | 19.953 | 21.997 | 26.263 | 28.307 | 32.573 | 34.617 | 38.883 |
Fibonacci | 21.626 | 24.036 | 25.526 | 27.936 | 30.346 | 31.836 | 34.246 |
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): | 57.82 | |
MACD (12,26,9): | 0.4530 | |
Directional Movement: | 2.636 | |
AROON (14): | 14.285 | |
DEMA (21): | 27.851 | |
Parabolic SAR (0,02-0,02-0,2): | 29.537 | |
Elder Ray (13): | 0.477 | |
Super Trend (3,10): | 25.304 | |
Zig ZAG (10): | 27.955 | |
VORTEX (21): | 1.0440 | |
Stochastique (14,3,5): | 77.28 | |
TEMA (21): | 27.948 | |
Williams %R (14): | -20.47 | |
Chande Momentum Oscillator (20): | 0.558 | |
Repulse (5,40,3): | 1.0800 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.2330 | |
Courbe Coppock: | 5.54 |
MA7: | 27.627 | |
MA20: | 27.385 | |
MA50: | 26.504 | |
MA100: | 25.368 | |
MAexp7: | 27.717 | |
MAexp20: | 27.257 | |
MAexp50: | 26.497 | |
MAexp100: | 25.605 | |
Price / MA7: | +1.31% | |
Price / MA20: | +2.21% | |
Price / MA50: | +5.61% | |
Price / MA100: | +10.34% | |
Price / MAexp7: | +0.98% | |
Price / MAexp20: | +2.69% | |
Price / MAexp50: | +5.63% | |
Price / MAexp100: | +9.31% |
Quotes :
2021-02-25 00:35:59
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10 min delayed data
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COMEX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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