GLOBAL X SILVER MINERS ETF (SIL) Stock Technical Analysis
NYSEARCA:SIL - NYSE Arca - US37954Y8488 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to SIL. SIL has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that SIL is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by SIL over the past year are nicely spread over this period.
SIL is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month SIL has a been trading in the 33.63 - 38.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, SIL also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 37.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.36, a Stop Loss order could be placed below this zone.
More info and screens
31.28
37.70
We found 3 important support areas.
- A support zone ranging from 34.52 to 36.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.52 to 32.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.60 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @37.33 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.95
Mansfield0.51
10 Day High37.09
10 Day Low33.63
20 Day High38.34
20 Day Low33.63
52 Week High42.29
52 Week Low25.2
Performance
1 Week4.84%
2 Weeks2.62%
1 Month-0.11%
3 Month-5.16%
6 Month20.76%
12 Month43.4%
2 Year18.52%
3 Year0.11%
5 Year52.66%
10 Year44.31%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)55.99
LBB34.1
UBB37.32
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 37.34 | 34.51 | 2.83 (7.58%) | 13.19% |
| An entry @37.34. This is a Buy Stop order right above the resistance zone. | An exit @34.51. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.83 points, which is 7.58%. | When investing 13.19% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
36.41
+0.27 (+0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.75%
1 Week4.84%
2 Weeks2.62%
1 Month-0.11%
3 Month-5.16%
6 Month20.76%
12 Month43.4%
2 Year18.52%
3 Year0.11%
5 Year52.66%
10 Year44.31%
15 YearN/A
Volatility
ATR(14)1.21
ATR(20)%3.31%
ATR Inc-1.97%
Range Today1.42
ADR(20)1.14
ADR(20)%3.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.95
Mansfield0.51
10 Day High37.09
10 Day Low33.63
20 Day High38.34
20 Day Low33.63
52 Week High42.29
52 Week Low25.2
CS1 End36.36
CR1 Start37.33
Volume & EV
DER(3)-0.82%
DER(5)-0.62%
Volume616.00K
Volume Incr7.02%
Vol(5)977.34K
Vol(50)829.40K