SILVER FULL0725

- USD (-)

- 10 min delayed data - COMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Futures
Ticker:	SIXXXX
ISIN:	SIXXXX

SILVER FULL0725 - Daily - Technical analysis published on 09/24/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

22%

My opinion

Bullish above 30.512 USD

My targets

31.468 USD (+0.81%)

32.683 USD (+4.70%)

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 FULL1224 as long as the price remains well above 30.512 USD. The buyers' bullish objective is set at 31.468 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 32.683 USD. If there is any crossing, the next objective would be the resistance located at 41.367 USD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.1

Comment on the analysis

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 Ionyx. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SILVER FULL1224 rating is 31.215 USD. The price registered an increase of +0.42% on the session with the lowest point at 30.960 USD and the highest point at 31.520 USD. The deviation from the price is +0.82% for the low point and -0.97% for the high point.

30.960

31.520

31.215

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this SILVER FULL1224 chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	27.472	28.482	30.512	31.215	31.468	32.683	41.367
Change (%)	-11.99%	-8.76%	-2.25%	-	+0.81%	+4.70%	+32.52%
Change	-3.743	-2.733	-0.703	-	+0.253	+1.468	+10.152
Level	Intermediate	Major	Intermediate	-	Major	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.773	30.222	30.653	31.102	31.533	31.982	32.413
Camarilla	30.843	30.924	31.004	31.085	31.166	31.246	31.327
Woodie	29.765	30.218	30.645	31.098	31.525	31.978	32.405
Fibonacci	30.222	30.558	30.766	31.102	31.438	31.646	31.982

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.722	29.378	30.442	31.098	32.162	32.818	33.882
Camarilla	31.032	31.190	31.347	31.505	31.663	31.820	31.978
Woodie	28.925	29.480	30.645	31.200	32.365	32.920	34.085
Fibonacci	29.378	30.035	30.441	31.098	31.755	32.161	32.818

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.534	25.272	27.254	28.992	30.974	32.712	34.694
Camarilla	28.213	28.554	28.895	29.236	29.577	29.918	30.259
Woodie	23.656	25.333	27.376	29.053	31.096	32.773	34.816
Fibonacci	25.272	26.693	27.571	28.992	30.413	31.291	32.712

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):	60.27
MACD (12,26,9):	0.5250
Directional Movement:	2.538
AROON (14):	71.428
DEMA (21):	30.837
Parabolic SAR (0,02-0,02-0,2):	29.690
Elder Ray (13):	0.675
Super Trend (3,10):	28.613
Zig ZAG (10):	31.170
VORTEX (21):	1.0380
Stochastique (14,3,5):	86.74
TEMA (21):	31.331
Williams %R (14):	-15.35
Chande Momentum Oscillator (20):	2.997
Repulse (5,40,3):	1.2350
ROCnROLL:	1
TRIX (15,9):	0.1580
Courbe Coppock:	14.24

MA7:	31.144
MA20:	29.875
MA50:	29.458
MA100:	30.242
MAexp7:	30.976
MAexp20:	30.262
MAexp50:	29.879
MAexp100:	29.519
Price / MA7:	+0.23%
Price / MA20:	+4.49%
Price / MA50:	+5.96%
Price / MA100:	+3.22%
Price / MAexp7:	+0.77%
Price / MAexp20:	+3.15%
Price / MAexp50:	+4.47%
Price / MAexp100:	+5.75%

Quotes : - 10 min delayed data - COMEX Futures

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

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