SILVERCREST METALS INC. - 15 min. - Technical analysis published on 04/25/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 8.37 USD
My targets
8.65 USD (+1.65%)
8.79 USD (+3.29%)
My analysis
SILVERCREST METALS INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 8.37 USD. The next resistance located at 8.65 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 8.79 USD. After this resistance, buyers could then target 9.07 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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This analysis was given by PawelBodytko. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILVERCREST METALS INC. rating is 8.51 USD. The price registered an increase of +4.42% on the session and was between 8.09 USD and 8.51 USD. This implies that the price is at +5.19% from its lowest and at 0% from its highest.8.09
8.51
8.51
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this SILVERCREST METALS INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently 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, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 15 minutes
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 | 7.56 | 7.92 | 8.24 | 8.51 | 9.70 | 10.31 | 12.35 |
| Change (%) | -11.16% | -6.93% | -3.17% | - | +13.98% | +21.15% | +45.12% |
| Change | -0.95 | -0.59 | -0.27 | - | +1.19 | +1.80 | +3.84 |
| Level | Intermediate | Minor | Minor | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.81 | 7.95 | 8.23 | 8.37 | 8.65 | 8.79 | 9.07 |
| Camarilla | 8.40 | 8.43 | 8.47 | 8.51 | 8.55 | 8.59 | 8.63 |
| Woodie | 7.88 | 7.99 | 8.30 | 8.41 | 8.72 | 8.83 | 9.14 |
| Fibonacci | 7.95 | 8.11 | 8.21 | 8.37 | 8.53 | 8.63 | 8.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.12 | 6.49 | 7.19 | 7.56 | 8.26 | 8.63 | 9.33 |
| Camarilla | 7.61 | 7.70 | 7.80 | 7.90 | 8.00 | 8.10 | 8.19 |
| Woodie | 6.30 | 6.57 | 7.37 | 7.64 | 8.44 | 8.71 | 9.51 |
| Fibonacci | 6.49 | 6.90 | 7.15 | 7.56 | 7.97 | 8.22 | 8.63 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.49 | 4.26 | 5.46 | 6.23 | 7.43 | 8.20 | 9.40 |
| Camarilla | 6.12 | 6.30 | 6.48 | 6.66 | 6.84 | 7.02 | 7.20 |
| Woodie | 3.71 | 4.37 | 5.68 | 6.34 | 7.65 | 8.31 | 9.62 |
| Fibonacci | 4.26 | 5.01 | 5.48 | 6.23 | 6.98 | 7.45 | 8.20 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 67.89 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 25.27 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 8.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.40 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 8.33 | |
| Zig ZAG (10): | 8.48 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 90.35 | |
| TEMA (21): | 8.48 | |
| Williams %R (14): | -13.04 | |
| Chande Momentum Oscillator (20): | 0.10 | |
| Repulse (5,40,3): | 0.2700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 2.98 |
| MA7: | 7.80 | |
| MA20: | 7.33 | |
| MA50: | 6.40 | |
| MA100: | 6.28 | |
| MAexp7: | 8.45 | |
| MAexp20: | 8.38 | |
| MAexp50: | 8.22 | |
| MAexp100: | 8.03 | |
| Price / MA7: | +9.10% | |
| Price / MA20: | +16.10% | |
| Price / MA50: | +32.97% | |
| Price / MA100: | +35.51% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | +1.19% | |
| Price / MAexp50: | +3.16% | |
| Price / MAexp100: | +5.60% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
Don't forget to follow the news on SILVERCREST METALS INC.. At the time of publication of this analysis, the latest news was as follows:
- SilverCrest Announces US$120 Million Bought Deal Financing
- SilverCrest Appoints a New Independent Director
- SilverCrest Reports Third Quarter Financial Results and Update
- SilverCrest Appoints Tara Hassan as VP Corporate Development
- SilverCrest Announces Acquisition of El Picacho Property Near Las Chispas
This member declared not having a position on this financial instrument or a related financial instrument.
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