SILVER - EUR - 1H - Technical analysis published on 06/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
39%
33%
28%
My opinion
Bullish above 26.95 EUR
My targets
27.34 EUR (+0.26%)
27.67 EUR (+1.47%)
My analysis
A bullish trend on SILVER - EUR both in substance and in the short term. A purchase could be considered as long as the price remains above 26.95 EUR. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 27.34 EUR. Then the price could move towards 27.67 EUR. Then 27.89 EUR by extension. Be careful, a return below 26.95 EUR would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.8
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This analysis was given by Sk1965. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SILVER - EUR rating 27.27 EUR. On the day, this instrument gained +0.66% and was traded between 26.89 EUR and 27.68 EUR over the period. The price is currently at +1.41% from its lowest and -1.48% from its highest.26.89
27.68
27.27
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
Here is a more detailed summary of the historical variations registered by SILVER - EUR:
![Central Records Central Records](/medias/screeners/logo/CentralRecords.png)
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
![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. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 5 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 24.68 | 26.76 | 26.95 | 27.27 | 27.34 | 27.67 | 27.89 |
Change (%) | -9.50% | -1.87% | -1.17% | - | +0.26% | +1.47% | +2.27% |
Change | -2.59 | -0.51 | -0.32 | - | +0.07 | +0.40 | +0.62 |
Level | Minor | Minor | Major | - | Intermediate | Intermediate | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 53.94 | |
MACD (12,26,9): | 0.0800 | |
Directional Movement: | 10.56 | |
AROON (14): | 78.57 | |
DEMA (21): | 27.38 | |
Parabolic SAR (0,02-0,02-0,2): | 27.67 | |
Elder Ray (13): | -0.01 | |
Super Trend (3,10): | 27.13 | |
Zig ZAG (10): | 27.27 | |
VORTEX (21): | 1.0900 | |
Stochastique (14,3,5): | 40.87 | |
TEMA (21): | 27.40 | |
Williams %R (14): | -80.36 | |
Chande Momentum Oscillator (20): | 0.08 | |
Repulse (5,40,3): | -0.6400 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0500 | |
Courbe Coppock: | 1.84 |
MA7: | 27.44 | |
MA20: | 27.51 | |
MA50: | 27.11 | |
MA100: | 25.09 | |
MAexp7: | 27.33 | |
MAexp20: | 27.27 | |
MAexp50: | 27.19 | |
MAexp100: | 27.25 | |
Price / MA7: | -0.62% | |
Price / MA20: | -0.87% | |
Price / MA50: | +0.59% | |
Price / MA100: | +8.69% | |
Price / MAexp7: | -0.22% | |
Price / MAexp20: | -0% | |
Price / MAexp50: | +0.29% | |
Price / MAexp100: | +0.07% |
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
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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