SILVERCORP METALS INC.

- USD (-)

- 15 min delayed data - NYSE MKT Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	SVM
ISIN:	CA82835P1036

SILVERCORP METALS INC. - 1H - Technical analysis published on 03/04/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 2.57 USD

My targets

2.78 USD (+3.73%)

2.91 USD (+8.58%)

My analysis

The bullish trend is currently very strong on SILVERCORP METALS INC.. As long as the price remains above the support at 2.57 USD, you could try to benefit from the boom. The first bullish objective is located at 2.78 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.91 USD as an objective. Crossing it would then enable buyers to target 3.25 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

9.1

Comment on the analysis

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.

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Additional analysis

Quotes

The SILVERCORP METALS INC. price is 2.68 USD. On the day, this instrument gained +8.50% and was traded between 2.51 USD and 2.68 USD over the period. The price is currently at +6.77% from its lowest and 0% from its highest.

2.51

2.68

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

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this SILVERCORP METALS INC. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.39	2.45	2.54	2.68	2.91	3.25	3.53
Change (%)	-10.82%	-8.58%	-5.22%	-	+8.58%	+21.27%	+31.72%
Change	-0.29	-0.23	-0.14	-	+0.23	+0.57	+0.85
Level	Minor	Major	Intermediate	-	Intermediate	Intermediate	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	2.22	2.30	2.39	2.47	2.56	2.64	2.73
Camarilla	2.42	2.44	2.45	2.47	2.49	2.50	2.52
Woodie	2.22	2.30	2.39	2.47	2.56	2.64	2.73
Fibonacci	2.30	2.37	2.41	2.47	2.54	2.58	2.64

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.15	2.25	2.36	2.46	2.57	2.67	2.78
Camarilla	2.41	2.43	2.45	2.47	2.49	2.51	2.53
Woodie	2.16	2.25	2.37	2.46	2.58	2.67	2.79
Fibonacci	2.25	2.33	2.38	2.46	2.54	2.59	2.67

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.92	2.07	2.24	2.39	2.56	2.71	2.88
Camarilla	2.32	2.35	2.38	2.41	2.44	2.47	2.50
Woodie	1.93	2.08	2.25	2.40	2.57	2.72	2.89
Fibonacci	2.07	2.19	2.27	2.39	2.51	2.59	2.71

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):	72.45
MACD (12,26,9):	0.0600
Directional Movement:	22.54
AROON (14):	100.00
DEMA (21):	2.59
Parabolic SAR (0,02-0,02-0,2):	2.50
Elder Ray (13):	0.09
Super Trend (3,10):	2.50
Zig ZAG (10):	2.65
VORTEX (21):	1.1900
Stochastique (14,3,5):	98.05
TEMA (21):	2.63
Williams %R (14):	-1.92
Chande Momentum Oscillator (20):	0.25
Repulse (5,40,3):	2.6700
ROCnROLL:	1
TRIX (15,9):	0.2400
Courbe Coppock:	15.57

MA7:	2.46
MA20:	2.38
MA50:	2.45
MA100:	2.43
MAexp7:	2.59
MAexp20:	2.52
MAexp50:	2.46
MAexp100:	2.42
Price / MA7:	+8.94%
Price / MA20:	+12.61%
Price / MA50:	+9.39%
Price / MA100:	+10.29%
Price / MAexp7:	+3.47%
Price / MAexp20:	+6.35%
Price / MAexp50:	+8.94%
Price / MAexp100:	+10.74%

Quotes : - 15 min delayed data - NYSE MKT Stocks

News

The latest news and videos published on SILVERCORP METALS INC. at the time of the analysis were as follows:

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

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