SILVER - EUR - 1H - Technical analysis published on 06/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 26.95 EUR
My targets
27.67 EUR (+1.21%)
27.89 EUR (+2.01%)
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 - EUR as long as the price remains well above 26.95 EUR. The buyers' bullish objective is set at 27.67 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 27.89 EUR. If there is any crossing, the next objective would be the resistance located at 28.39 EUR.
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
0
10
6.3
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This analysis was given by Sk1965. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILVER - EUR rating is 27.34 EUR. The price has increased by +0.92% since the last closing and was traded between 26.89 EUR and 27.40 EUR over the period. The price is currently at +1.67% from its lowest and -0.22% from its highest.26.89
27.40
27.34
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
![Central Gaps Central Gaps](/medias/screeners/logo/CentralGaps.png)
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
![Central Records Central Records](/medias/screeners/logo/CentralRecords.png)
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on SILVER - EUR were detected by the Central Volumes scanner:
![Central Volumes Central Volumes](/medias/screeners/logo/CentralVolumes.png)
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this SILVER - EUR chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. This 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.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
![Central Candlesticks Central Candlesticks](/medias/screeners/logo/CentralCandlesticks.png)
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 26.76 | 26.95 | 27.34 | 27.34 | 27.67 | 27.89 | 28.39 |
Change (%) | -2.12% | -1.43% | 0% | - | +1.21% | +2.01% | +3.84% |
Change | -0.58 | -0.39 | 0 | - | +0.33 | +0.55 | +1.05 |
Level | Minor | Major | Intermediate | - | Intermediate | 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 | 26.40 | 26.62 | 26.85 | 27.07 | 27.30 | 27.52 | 27.75 |
Camarilla | 26.97 | 27.01 | 27.05 | 27.09 | 27.13 | 27.17 | 27.21 |
Woodie | 26.42 | 26.62 | 26.87 | 27.07 | 27.32 | 27.52 | 27.77 |
Fibonacci | 26.62 | 26.79 | 26.90 | 27.07 | 27.24 | 27.35 | 27.52 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 24.94 | 25.95 | 26.79 | 27.80 | 28.64 | 29.65 | 30.49 |
Camarilla | 27.12 | 27.29 | 27.46 | 27.63 | 27.80 | 27.97 | 28.14 |
Woodie | 24.86 | 25.91 | 26.71 | 27.76 | 28.56 | 29.61 | 30.41 |
Fibonacci | 25.95 | 26.66 | 27.09 | 27.80 | 28.51 | 28.94 | 29.65 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 19.18 | 21.71 | 24.87 | 27.40 | 30.56 | 33.09 | 36.25 |
Camarilla | 26.47 | 26.99 | 27.51 | 28.03 | 28.55 | 29.07 | 29.60 |
Woodie | 19.50 | 21.87 | 25.19 | 27.56 | 30.88 | 33.25 | 36.57 |
Fibonacci | 21.71 | 23.88 | 25.23 | 27.40 | 29.57 | 30.92 | 33.09 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 65.39 | |
MACD (12,26,9): | 0.0800 | |
Directional Movement: | 12.54 | |
AROON (14): | 50.00 | |
DEMA (21): | 27.26 | |
Parabolic SAR (0,02-0,02-0,2): | 27.02 | |
Elder Ray (13): | 0.15 | |
Super Trend (3,10): | 27.04 | |
Zig ZAG (10): | 27.35 | |
VORTEX (21): | 1.1300 | |
Stochastique (14,3,5): | 88.64 | |
TEMA (21): | 27.33 | |
Williams %R (14): | -9.80 | |
Chande Momentum Oscillator (20): | 0.29 | |
Repulse (5,40,3): | 0.1900 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0300 | |
Courbe Coppock: | 1.59 |
MA7: | 27.45 | |
MA20: | 27.52 | |
MA50: | 27.11 | |
MA100: | 25.09 | |
MAexp7: | 27.27 | |
MAexp20: | 27.17 | |
MAexp50: | 27.13 | |
MAexp100: | 27.22 | |
Price / MA7: | -0.40% | |
Price / MA20: | -0.65% | |
Price / MA50: | +0.85% | |
Price / MA100: | +8.97% | |
Price / MAexp7: | +0.26% | |
Price / MAexp20: | +0.63% | |
Price / MAexp50: | +0.77% | |
Price / MAexp100: | +0.44% |
Quotes :
-
Real time data
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Gold & Silver Spot
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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