SILVER FULL0524
SILVER FULL0524
- USD (-)
- 10 min delayed data - COMEX Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: SIXXXX
ISIN: SIXXXX

SILVER FULL0524 - Daily - Technical analysis published on 02/25/2021 (GMT)

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  • Timeframe : Daily
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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:
15 min. 1H Weekly

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.

Central Gaps

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard26.83827.10227.55327.81728.26828.53228.983
Camarilla27.80827.87427.94028.00528.07128.13628.202
Woodie26.93327.14927.64827.86428.36328.57929.078
Fibonacci27.10227.37527.54427.81728.09028.25928.532


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard24.24425.17526.21427.14528.18429.11530.154
Camarilla26.71226.89327.07327.25427.43527.61527.796
Woodie24.29925.20226.26927.17228.23929.14230.209
Fibonacci25.17525.92726.39227.14527.89728.36229.115


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.21221.62625.52227.93631.83234.24638.142
Camarilla27.68328.26128.84029.41829.99630.57531.153
Woodie19.95321.99726.26328.30732.57334.61738.883
Fibonacci21.62624.03625.52627.93630.34631.83634.246

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 - 10 min delayed data - COMEX Futures

This member declared not having a position on this financial instrument or a related financial instrument.

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