SILVER FULL0724

- USD (-)

- 10 min delayed data - COMEX Futures

Open:	-
Change:	-
Volume:	-

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

Type:	Futures
Ticker:	SIXXXX
ISIN:	SIXXXX

SILVER FULL0724 - 1H - Technical analysis published on 05/20/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 31.818 USD

My targets

34.096 USD (+4.59%)

36.343 USD (+11.48%)

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 FULL0724 as long as the price remains well above 31.818 USD. The buyers' bullish objective is set at 34.096 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 36.343 USD. If there is any crossing, the next objective would be the resistance located at 40.502 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.6

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.

This analysis was given by Barts_XV. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SILVER FULL0724 price is 32.600 USD. The price has increased by +4.29% since the last closing and was between 31.535 USD and 32.750 USD. This implies that the price is at +3.38% from its lowest and at -0.46% from its highest.

31.535

32.750

32.600

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of SILVER FULL0724 in 1H 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 market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	29.703	30.603	31.818	32.600	40.502	54.444
Change (%)	-8.89%	-6.13%	-2.40%	-	+24.24%	+67.01%
Change	-2.897	-1.997	-0.782	-	+7.902	+21.844
Level	Minor	Minor	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	27.873	28.786	30.023	30.936	32.173	33.086	34.323
Camarilla	30.668	30.865	31.062	31.259	31.456	31.653	31.850
Woodie	28.034	28.867	30.184	31.017	32.334	33.167	34.484
Fibonacci	28.786	29.608	30.115	30.936	31.758	32.265	33.086

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.348	26.766	29.013	30.431	32.678	34.096	36.343
Camarilla	30.251	30.587	30.923	31.259	31.595	31.931	32.267
Woodie	25.762	26.973	29.427	30.638	33.092	34.303	36.757
Fibonacci	26.766	28.166	29.031	30.431	31.831	32.696	34.096

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.042	22.756	24.752	27.466	29.462	32.176	34.172
Camarilla	25.453	25.885	26.316	26.748	27.180	27.612	28.043
Woodie	19.683	22.577	24.393	27.287	29.103	31.997	33.813
Fibonacci	22.756	24.555	25.667	27.466	29.265	30.377	32.176

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):	88.11
MACD (12,26,9):	0.6450
Directional Movement:	45.161
AROON (14):	85.714
DEMA (21):	32.286
Parabolic SAR (0,02-0,02-0,2):	32.001
Elder Ray (13):	0.723
Super Trend (3,10):	31.771
Zig ZAG (10):	32.560
VORTEX (21):	1.4610
Stochastique (14,3,5):	92.25
TEMA (21):	32.450
Williams %R (14):	-12.74
Chande Momentum Oscillator (20):	1.495
Repulse (5,40,3):	1.0140
ROCnROLL:	1
TRIX (15,9):	0.2370
Courbe Coppock:	12.03

MA7:	29.859
MA20:	28.504
MA50:	27.468
MA100:	25.501
MAexp7:	32.093
MAexp20:	31.484
MAexp50:	30.645
MAexp100:	29.942
Price / MA7:	+9.18%
Price / MA20:	+14.37%
Price / MA50:	+18.68%
Price / MA100:	+27.84%
Price / MAexp7:	+1.58%
Price / MAexp20:	+3.54%
Price / MAexp50:	+6.38%
Price / MAexp100:	+8.88%

Quotes : - 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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