SILVERCORP METALS INC. - 1H - Technical analysis published on 08/20/2024 (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
67%
6%
28%
My opinion
Bullish above 3.86 USD
My targets
3.99 USD (+2.76%)
4.17 USD (+7.47%)
My analysis
SILVERCORP METALS INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3.86 USD. The next resistance located at 3.99 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4.17 USD. After this resistance, buyers could then target 5.55 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILVERCORP METALS INC. price is 3.88 USD. The price has increased by +2.11% since the last closing and was traded between 3.79 USD and 3.91 USD over the period. The price is currently at +2.37% from its lowest and -0.77% from its highest.3.79
3.91
3.88
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SILVERCORP METALS INC.:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SILVERCORP METALS INC. indicates that the overall trend is strongly bullish. 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 scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.50 | 3.78 | 3.86 | 3.88 | 4.17 | 5.55 | 6.45 |
| Change (%) | -9.79% | -2.58% | -0.52% | - | +7.47% | +43.04% | +66.24% |
| Change | -0.38 | -0.10 | -0.02 | - | +0.29 | +1.67 | +2.57 |
| Level | Major | Minor | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.44 | 3.51 | 3.66 | 3.73 | 3.88 | 3.95 | 4.10 |
| Camarilla | 3.74 | 3.76 | 3.78 | 3.80 | 3.82 | 3.84 | 3.86 |
| Woodie | 3.47 | 3.53 | 3.69 | 3.75 | 3.91 | 3.97 | 4.13 |
| Fibonacci | 3.51 | 3.60 | 3.65 | 3.73 | 3.82 | 3.87 | 3.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.72 | 2.91 | 3.26 | 3.45 | 3.80 | 3.99 | 4.34 |
| Camarilla | 3.47 | 3.52 | 3.57 | 3.62 | 3.67 | 3.72 | 3.77 |
| Woodie | 2.81 | 2.95 | 3.35 | 3.49 | 3.89 | 4.03 | 4.43 |
| Fibonacci | 2.91 | 3.11 | 3.24 | 3.45 | 3.65 | 3.78 | 3.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.72 | 3.00 | 3.36 | 3.64 | 4.00 | 4.28 | 4.64 |
| Camarilla | 3.55 | 3.61 | 3.67 | 3.73 | 3.79 | 3.85 | 3.91 |
| Woodie | 2.77 | 3.02 | 3.41 | 3.66 | 4.05 | 4.30 | 4.69 |
| Fibonacci | 3.00 | 3.24 | 3.39 | 3.64 | 3.88 | 4.03 | 4.28 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 75.86 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 33.67 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 3.87 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.91 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 3.69 | |
| Zig ZAG (10): | 3.86 | |
| VORTEX (21): | 1.3000 | |
| Stochastique (14,3,5): | 82.75 | |
| TEMA (21): | 3.90 | |
| Williams %R (14): | -13.24 | |
| Chande Momentum Oscillator (20): | 0.21 | |
| Repulse (5,40,3): | 1.6600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5100 | |
| Courbe Coppock: | 16.01 |
| MA7: | 3.51 | |
| MA20: | 3.47 | |
| MA50: | 3.53 | |
| MA100: | 3.58 | |
| MAexp7: | 3.82 | |
| MAexp20: | 3.71 | |
| MAexp50: | 3.54 | |
| MAexp100: | 3.47 | |
| Price / MA7: | +10.54% | |
| Price / MA20: | +11.82% | |
| Price / MA50: | +9.92% | |
| Price / MA100: | +8.38% | |
| Price / MAexp7: | +1.57% | |
| Price / MAexp20: | +4.58% | |
| Price / MAexp50: | +9.60% | |
| Price / MAexp100: | +11.82% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
The latest news and videos published on SILVERCORP METALS INC. at the time of the analysis were as follows:
- Silvercorp Reports Net Income of $8.4 Million, $0.05 Per Share, and Cash Flow from Operations of $23.9 Million for Q3 Fiscal 2021
- Silvercorp Subsidiary Acquires the La Yesca Silver Project, Nayarit State, Mexico
- Silvercorp Won Auction To Acquire the Zhonghe Silver Project in Luoning County, Henan Province, China
- Silvercorp Reports Operational Results and the Financial Results Release Date for the Third Quarter of Fiscal 2021
- Silvercorp Intersects a 1.58 Metre Interval Grading 17.08 g/t Gold, 301 g/t Silver and 18.66% Lead in a New Vein at the HPG Mine, Ying Mining District, China
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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