SILVER - USD - 15 min. - Technical analysis published on 12/30/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
56%
22%
22%
My opinion
Bearish under 29.54 USD
My targets
28.97 USD (-0.11%)
28.61 USD (-1.33%)
My analysis
The bearish basic trend is very strong on SILVER - USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 29.54 USD. Crossing the first support at 28.97 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 28.61 USD as an objective. Crossing it would then enable sellers to target 28.26 USD. Caution, a return to above the resistance located at 29.54 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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This analysis was given by Noreir. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILVER - USD rating is 29.00 USD. The price is lower by -1.36% since the last closing and was between 28.79 USD and 29.53 USD. This implies that the price is at +0.73% from its lowest and at -1.79% from its highest.28.79
29.53
29.00
Here is a more detailed summary of the historical variations registered by SILVER - USD:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of SILVER - USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 10 are bullish, 4 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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 this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.20 | 28.26 | 28.74 | 29.00 | 29.11 | 29.32 | 29.47 |
| Change (%) | -9.66% | -2.55% | -0.90% | - | +0.38% | +1.10% | +1.62% |
| Change | -2.80 | -0.74 | -0.26 | - | +0.11 | +0.32 | +0.47 |
| Level | Major | Major | Intermediate | - | Minor | Major | 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 | 28.61 | 28.97 | 29.18 | 29.54 | 29.75 | 30.11 | 30.32 |
| Camarilla | 29.24 | 29.30 | 29.35 | 29.40 | 29.45 | 29.51 | 29.56 |
| Woodie | 28.55 | 28.93 | 29.12 | 29.50 | 29.69 | 30.07 | 30.26 |
| Fibonacci | 28.97 | 29.18 | 29.32 | 29.54 | 29.75 | 29.89 | 30.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.60 | 28.95 | 29.18 | 29.53 | 29.76 | 30.11 | 30.34 |
| Camarilla | 29.24 | 29.29 | 29.35 | 29.40 | 29.45 | 29.51 | 29.56 |
| Woodie | 28.53 | 28.92 | 29.11 | 29.50 | 29.69 | 30.08 | 30.27 |
| Fibonacci | 28.95 | 29.18 | 29.31 | 29.53 | 29.76 | 29.89 | 30.11 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.56 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -13.56 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 28.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.84 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 29.20 | |
| Zig ZAG (10): | 28.99 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 79.92 | |
| TEMA (21): | 28.90 | |
| Williams %R (14): | -4.76 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.42 |
| MA7: | 29.42 | |
| MA20: | 30.44 | |
| MA50: | 31.29 | |
| MA100: | 30.74 | |
| MAexp7: | 28.97 | |
| MAexp20: | 29.02 | |
| MAexp50: | 29.17 | |
| MAexp100: | 29.30 | |
| Price / MA7: | -1.43% | |
| Price / MA20: | -4.73% | |
| Price / MA50: | -7.32% | |
| Price / MA100: | -5.66% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.58% | |
| Price / MAexp100: | -1.02% |
Quotes :
-
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
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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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