PAN AMERICAN SILVER

60.4 USD (+7.47%)

03/14/2025 - 16:34 Closed 15 min delayed data - NYSE Stocks

Open:	57.0
Change:	+4.2
Volume:	9,336

Low:	56.6
High:	60.4
High / Low range:	3.8

Type:	Stocks
Ticker:	PAAS
ISIN:	CA6979001089

PAN AMERICAN SILVER - Daily - Technical analysis published on 12/17/2019 (GMT)

359
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12/17/2019 - 22:31
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Timeframe : Daily
- Analysis generated on 12/17/2019 - 22:30
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 20.29 USD

My targets

23.31 USD (+8.91%)

26.45 USD (+23.60%)

My analysis

The bullish trend is currently very strong on PAN AMERICAN SILVER. As long as the price remains above the support at 20.29 USD, you could try to benefit from the boom. The first bullish objective is located at 23.31 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 26.45 USD as an objective. Crossing it would then enable buyers to target 34.15 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

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The PAN AMERICAN SILVER price is 21.40 USD. On the day, this instrument lost -0.05% and was between 21.38 USD and 21.68 USD. This implies that the price is at +0.09% from its lowest and at -1.29% from its highest.

21.38

21.68

21.40

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

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of PAN AMERICAN SILVER indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	14.18	15.58	18.59	21.40	21.47	26.45	34.15
Change (%)	-33.74%	-27.20%	-13.13%	-	+0.33%	+23.60%	+59.58%
Change	-7.22	-5.82	-2.81	-	+0.07	+5.05	+12.75
Level	Major	Intermediate	Major	-	Major	Minor	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	20.90	21.10	21.26	21.46	21.62	21.82	21.98
Camarilla	21.31	21.34	21.38	21.41	21.44	21.48	21.51
Woodie	20.87	21.09	21.23	21.45	21.59	21.81	21.95
Fibonacci	21.10	21.24	21.33	21.46	21.60	21.69	21.82

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.35	19.00	20.27	20.92	22.18	22.83	24.09
Camarilla	21.00	21.18	21.36	21.53	21.71	21.88	22.06
Woodie	18.66	19.16	20.57	21.07	22.49	22.98	24.40
Fibonacci	19.00	19.73	20.18	20.92	21.65	22.10	22.83

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.25	15.28	17.27	18.30	20.29	21.32	23.31
Camarilla	18.42	18.70	18.97	19.25	19.53	19.80	20.08
Woodie	14.72	15.52	17.74	18.54	20.76	21.56	23.78
Fibonacci	15.28	16.44	17.15	18.30	19.46	20.17	21.32

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):	71.22
MACD (12,26,9):	0.9400
Directional Movement:	28.32
AROON (14):	100.00
DEMA (21):	21.18
Parabolic SAR (0,02-0,02-0,2):	20.03
Elder Ray (13):	1.06
Super Trend (3,10):	19.81
Zig ZAG (10):	21.40
VORTEX (21):	1.2200
Stochastique (14,3,5):	94.14
TEMA (21):	21.54
Williams %R (14):	-8.78
Chande Momentum Oscillator (20):	2.15
Repulse (5,40,3):	1.9000
ROCnROLL:	1
TRIX (15,9):	0.6800
Courbe Coppock:	23.09

MA7:	20.83
MA20:	19.84
MA50:	18.02
MA100:	17.48
MAexp7:	20.98
MAexp20:	19.97
MAexp50:	18.62
MAexp100:	17.40
Price / MA7:	+2.74%
Price / MA20:	+7.86%
Price / MA50:	+18.76%
Price / MA100:	+22.43%
Price / MAexp7:	+2.00%
Price / MAexp20:	+7.16%
Price / MAexp50:	+14.93%
Price / MAexp100:	+22.99%

News

The last news published on PAN AMERICAN SILVER at the time of the generation of this analysis was as follows:

12/11/2019 - 12:30 Pan American Silver Estimates Initial Mineral Resource of 72.5 million tonnes for the La Colorada Skarn Deposit
11/06/2019 - 22:00 Pan American Silver Reports Earnings per Share of $0.18 for the Third Quarter of 2019
10/30/2019 - 10:00 Pan American Silver Reports Drill Results from the La Colorada Skarn Discovery with Intercepts up to 379 Metres
10/16/2019 - 11:00 Pan American Silver to Announce Q3 2019 Unaudited Results on November 6
09/04/2019 - 12:00 Pan American Silver Reports Mineral Reserves of 557 Million Ounces of Silver and 5.1 Million Ounces of Gold

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

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