SILVERCORP METALS INC.
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 09/11/2024 (GMT)

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  • 09/11/2024 - 20:00
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  • Timeframe : 1H
  • - Analysis generated on 09/11/2024 - 20:00
  • Status : INVALID

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 3.52 USD
My targets
3.35 USD (-0.59%)
3.12 USD (-7.42%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 3.52 USD remains possible. It is advisable to trade SILVERCORP METALS INC. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 3.52 USD. The next bearish objective for sellers is set at 3.35 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.12 USD. In case of crossing, the next objective would be the support located at 2.89 USD. PS: if there is a bullish break in the resistance located at 3.52 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2

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 Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

SILVERCORP METALS INC. rating 3.37 USD. The price is lower by -0.30% since the last closing and was traded between 3.30 USD and 3.40 USD over the period. The price is currently at +2.12% from its lowest and -0.88% from its highest.

3.30
3.40
3.37

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:
Created with Raphaël 2.3.0-35-17.5017.53552.5January 1st3 years1 year6 months1 month5 daysToday

Technical


A technical analysis in 1H of this SILVERCORP METALS INC. chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



In fact, 11 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



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

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 : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.89 3.12 3.35 3.37 3.52 3.64 3.88
Change (%) -14.24% -7.42% -0.59% - +4.45% +8.01% +15.13%
Change -0.48 -0.25 -0.02 - +0.15 +0.27 +0.51
Level Major Major Intermediate - Intermediate 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
Standard3.203.253.313.363.423.473.53
Camarilla3.353.363.373.383.393.403.41
Woodie3.223.253.333.363.443.473.55
Fibonacci3.253.293.323.363.403.433.47


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.793.083.233.523.673.964.11
Camarilla3.273.313.353.393.433.473.51
Woodie2.733.053.173.493.613.934.05
Fibonacci3.083.253.353.523.693.793.96


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.102.533.163.594.224.655.28
Camarilla3.503.603.693.793.893.984.08
Woodie2.202.583.263.644.324.705.38
Fibonacci2.532.943.193.594.004.254.65

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
Created with Raphaël 2.3.0Buy11
Moving averages
Created with Raphaël 2.3.0Sell22

RSI (14): 45.53
MACD (12,26,9): -0.0300
Directional Movement: 3.36
AROON (14): 35.71
DEMA (21): 3.32
Parabolic SAR (0,02-0,02-0,2): 3.31
Elder Ray (13): 0
Super Trend (3,10): 3.42
Zig ZAG (10): 3.35
VORTEX (21): 0.9700
Stochastique (14,3,5): 60.61
TEMA (21): 3.34
Williams %R (14): -36.36
Chande Momentum Oscillator (20): 0.03
Repulse (5,40,3): 0.2400
ROCnROLL: -1
TRIX (15,9): -0.1700
Courbe Coppock: 0.19
MA7: 3.42
MA20: 3.65
MA50: 3.59
MA100: 3.58
MAexp7: 3.35
MAexp20: 3.36
MAexp50: 3.45
MAexp100: 3.54
Price / MA7: -1.46%
Price / MA20: -7.67%
Price / MA50: -6.13%
Price / MA100: -5.87%
Price / MAexp7: +0.60%
Price / MAexp20: +0.30%
Price / MAexp50: -2.32%
Price / MAexp100: -4.80%

Quotes : 09/11/2024 - 19:44 - 15 min delayed data - NYSE MKT Stocks

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

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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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