ISHARES SILVER TRUST - Weekly - Technical analysis published on 09/24/2023 (GMT)
- 109
- 0
- Timeframe : Weekly
- - Analysis generated on
- Status : NEUTRAL
One daily analysis for free from 
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
33%
28%
39%
My opinion
Neutral between 20.45 USD and 23.08 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on ISHARES SILVER TRUST. It is difficult to advise a trading direction under these conditions. The first resistance is located at 23.08 USD. The first support is located at 20.45 USD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this 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 Liongate78. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ISHARES SILVER TRUST rating 21.58 USD. Over 5 days, this instrument gained +2.23% and has been traded over the last 5 days between 21.00 USD and 21.75 USD. This implies that the 5 day price is +2.76% from its lowest point and -0.78% from its highest point.21.00
21.75
21.58
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Weekly of this ISHARES SILVER TRUST chart shows a slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Weekly
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Weekly
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.37 | 18.19 | 20.45 | 21.58 | 23.08 | 24.45 | 26.97 |
| Change (%) | -24.14% | -15.71% | -5.24% | - | +6.95% | +13.30% | +24.98% |
| Change | -5.21 | -3.39 | -1.13 | - | +1.50 | +2.87 | +5.39 |
| Level | Intermediate | Major | Major | - | Major | Minor | Major |
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 | 21.32 | 21.44 | 21.51 | 21.63 | 21.70 | 21.82 | 21.89 |
| Camarilla | 21.53 | 21.55 | 21.56 | 21.58 | 21.60 | 21.62 | 21.63 |
| Woodie | 21.30 | 21.43 | 21.49 | 21.62 | 21.68 | 21.81 | 21.87 |
| Fibonacci | 21.44 | 21.51 | 21.56 | 21.63 | 21.70 | 21.75 | 21.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.69 | 20.07 | 20.59 | 20.97 | 21.49 | 21.87 | 22.39 |
| Camarilla | 20.86 | 20.95 | 21.03 | 21.11 | 21.19 | 21.28 | 21.36 |
| Woodie | 19.76 | 20.11 | 20.66 | 21.01 | 21.56 | 21.91 | 22.46 |
| Fibonacci | 20.07 | 20.41 | 20.63 | 20.97 | 21.31 | 21.53 | 21.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.54 | 19.53 | 20.96 | 21.95 | 23.38 | 24.37 | 25.80 |
| Camarilla | 21.73 | 21.95 | 22.17 | 22.39 | 22.61 | 22.83 | 23.06 |
| Woodie | 18.76 | 19.64 | 21.18 | 22.06 | 23.60 | 24.48 | 26.02 |
| Fibonacci | 19.53 | 20.45 | 21.03 | 21.95 | 22.87 | 23.45 | 24.37 |
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): | 50.38 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | -0.26 | |
| AROON (14): | 21.42 | |
| DEMA (21): | 21.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.85 | |
| Elder Ray (13): | -0.21 | |
| Super Trend (3,10): | 19.99 | |
| Zig ZAG (10): | 21.58 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 28.91 | |
| TEMA (21): | 21.46 | |
| Williams %R (14): | -58.30 | |
| Chande Momentum Oscillator (20): | 0.69 | |
| Repulse (5,40,3): | 0.8000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 2.79 |
| MA7: | 21.25 | |
| MA20: | 21.56 | |
| MA50: | 21.72 | |
| MA100: | 21.75 | |
| MAexp7: | 21.50 | |
| MAexp20: | 21.59 | |
| MAexp50: | 21.27 | |
| MAexp100: | 20.97 | |
| Price / MA7: | +1.55% | |
| Price / MA20: | +0.09% | |
| Price / MA50: | -0.64% | |
| Price / MA100: | -0.78% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | +1.46% | |
| Price / MAexp100: | +2.91% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis ISHARES SILVER TRUST - Weekly