SILVER - USD - 1H - Technical analysis published on 12/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 29.77 USD
My targets
29.02 USD (-0.42%)
28.26 USD (-3.02%)
My analysis
The bearish trend is currently very strong for SILVER - USD. As long as the price remains below the resistance at 29.77 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 29.02 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 28.26 USD as an objective. Crossing it would then enable sellers to target 26.20 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.9
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This analysis was given by Mark Thomer. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SILVER - USD rating 29.14 USD. The price is lower by -0.65% since the last closing and was traded between 29.12 USD and 29.71 USD over the period. The price is currently at +0.07% from its lowest and -1.92% from its highest.29.12
29.71
29.14
Here is a more detailed summary of the historical variations registered by SILVER - USD:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SILVER - USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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 | 24.45 | 26.20 | 28.26 | 29.14 | 29.77 | 30.29 | 30.87 |
| Change (%) | -16.09% | -10.09% | -3.02% | - | +2.16% | +3.95% | +5.94% |
| Change | -4.69 | -2.94 | -0.88 | - | +0.63 | +1.15 | +1.73 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.53 | 28.39 | 28.86 | 29.72 | 30.19 | 31.05 | 31.52 |
| Camarilla | 28.96 | 29.09 | 29.21 | 29.33 | 29.45 | 29.57 | 29.70 |
| Woodie | 27.34 | 28.29 | 28.67 | 29.62 | 30.00 | 30.95 | 31.33 |
| Fibonacci | 28.39 | 28.90 | 29.21 | 29.72 | 30.23 | 30.54 | 31.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.74 | 29.02 | 29.79 | 31.07 | 31.84 | 33.12 | 33.89 |
| Camarilla | 30.01 | 30.19 | 30.38 | 30.57 | 30.76 | 30.95 | 31.13 |
| Woodie | 27.50 | 28.89 | 29.55 | 30.94 | 31.60 | 32.99 | 33.65 |
| Fibonacci | 29.02 | 29.80 | 30.28 | 31.07 | 31.85 | 32.33 | 33.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.62 | 27.62 | 29.11 | 31.11 | 32.60 | 34.60 | 36.09 |
| Camarilla | 29.63 | 29.95 | 30.27 | 30.59 | 30.91 | 31.23 | 31.55 |
| Woodie | 25.36 | 27.49 | 28.85 | 30.98 | 32.34 | 34.47 | 35.83 |
| Fibonacci | 27.62 | 28.96 | 29.78 | 31.11 | 32.45 | 33.27 | 34.60 |
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): | 24.85 | |
| MACD (12,26,9): | -0.2000 | |
| Directional Movement: | -20.40 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 29.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.70 | |
| Elder Ray (13): | -0.23 | |
| Super Trend (3,10): | 29.78 | |
| Zig ZAG (10): | 29.23 | |
| VORTEX (21): | 0.7400 | |
| Stochastique (14,3,5): | 28.66 | |
| TEMA (21): | 29.29 | |
| Williams %R (14): | -96.30 | |
| Chande Momentum Oscillator (20): | -0.30 | |
| Repulse (5,40,3): | -1.4600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 1.42 |
| MA7: | 30.41 | |
| MA20: | 30.74 | |
| MA50: | 31.58 | |
| MA100: | 30.61 | |
| MAexp7: | 29.40 | |
| MAexp20: | 29.61 | |
| MAexp50: | 29.94 | |
| MAexp100: | 30.29 | |
| Price / MA7: | -4.18% | |
| Price / MA20: | -5.20% | |
| Price / MA50: | -7.73% | |
| Price / MA100: | -4.80% | |
| Price / MAexp7: | -0.88% | |
| Price / MAexp20: | -1.59% | |
| Price / MAexp50: | -2.67% | |
| Price / MAexp100: | -3.80% |
Quotes :
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Real time data
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Gold & Silver Spot
News
The last news published on SILVER - USD at the time of the generation of this analysis was as follows:
-
Silver Prices forecast for the week of December 12 2016, Technical Analysis
-
Silver Technical Analysis for December 12 2016 by FXEmpire.com
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Silver Technical Analysis for December 09 2016 by FXEmpire.com
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Silver Technical Analysis for December 08 2016 by FXEmpire.com
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Silver Technical Analysis for December 07 2016 by FXEmpire.com
This member declared not having a position on this financial instrument or a related financial instrument.
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