Londinia Opportunities Analyses - 05/02/2024 (GMT) SILVERCREST METALS INC. - 1H
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USD
(-)
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15 min delayed data - NYSE MKT Stocks
| Type: | Stocks |
| Ticker: | SILV |
| ISIN: | CA8283631015 |
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 8.24 USD
My targets
8.65 USD (+2.49%)
9.01 USD (+6.75%)
My analysis
The basic bullish trend is very strong on SILVERCREST METALS INC. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 8.24 USD. Crossing the first resistance at 8.65 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 9.01 USD as an objective. Crossing it would then enable buyers to target 9.70 USD. Caution, a return to below 8.24 USD would be a sign of a consolidation phase in 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.
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
7.9
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Additional analysis
Quotes
SILVERCREST METALS INC. rating 8.44 USD. On the day, this instrument gained +0.84% and was traded between 8.20 USD and 8.45 USD over the period. The price is currently at +2.93% from its lowest and -0.12% from its highest.8.20
8.45
8.44
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SILVERCREST METALS INC. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.06 | 8.24 | 8.41 | 8.44 | 8.65 | 9.70 | 10.31 |
| Change (%) | -4.50% | -2.37% | -0.36% | - | +2.49% | +14.93% | +22.16% |
| Change | -0.38 | -0.20 | -0.03 | - | +0.21 | +1.26 | +1.87 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Intermediate | 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 | 7.74 | 7.97 | 8.17 | 8.40 | 8.60 | 8.83 | 9.03 |
| Camarilla | 8.25 | 8.29 | 8.33 | 8.37 | 8.41 | 8.45 | 8.49 |
| Woodie | 7.73 | 7.96 | 8.16 | 8.39 | 8.59 | 8.82 | 9.02 |
| Fibonacci | 7.97 | 8.13 | 8.24 | 8.40 | 8.56 | 8.67 | 8.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.37 | 6.85 | 7.69 | 8.17 | 9.01 | 9.49 | 10.33 |
| Camarilla | 8.17 | 8.29 | 8.41 | 8.53 | 8.65 | 8.77 | 8.89 |
| Woodie | 6.55 | 6.94 | 7.87 | 8.26 | 9.19 | 9.58 | 10.51 |
| Fibonacci | 6.85 | 7.35 | 7.67 | 8.17 | 8.67 | 8.99 | 9.49 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.06 | 5.88 | 7.02 | 7.84 | 8.98 | 9.80 | 10.94 |
| Camarilla | 7.63 | 7.81 | 7.99 | 8.17 | 8.35 | 8.53 | 8.71 |
| Woodie | 5.23 | 5.96 | 7.19 | 7.92 | 9.15 | 9.88 | 11.11 |
| Fibonacci | 5.88 | 6.63 | 7.09 | 7.84 | 8.59 | 9.05 | 9.80 |
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): | 55.52 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 9.94 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 8.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.21 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 8.04 | |
| Zig ZAG (10): | 8.43 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 55.56 | |
| TEMA (21): | 8.36 | |
| Williams %R (14): | -38.08 | |
| Chande Momentum Oscillator (20): | 0.27 | |
| Repulse (5,40,3): | 1.5500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 3.37 |
| MA7: | 8.39 | |
| MA20: | 7.72 | |
| MA50: | 6.73 | |
| MA100: | 6.37 | |
| MAexp7: | 8.40 | |
| MAexp20: | 8.35 | |
| MAexp50: | 8.22 | |
| MAexp100: | 7.94 | |
| Price / MA7: | +0.60% | |
| Price / MA20: | +9.33% | |
| Price / MA50: | +25.41% | |
| Price / MA100: | +32.50% | |
| Price / MAexp7: | +0.48% | |
| Price / MAexp20: | +1.08% | |
| Price / MAexp50: | +2.68% | |
| Price / MAexp100: | +6.30% |
Quotes :
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15 min delayed data
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Actions NYSE MKT
News
The last news published on SILVERCREST METALS INC. at the time of the generation of this analysis 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