Wisdomtree Physical Silver ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Wisdomtree Physical Silver ETF downgraded after the last trading session.
(Updated on Jun 25, 2024)
The Wisdomtree Physical Silver ETF price fell by -2.37% on the last day (Tuesday, 25th Jun 2024) from $27.26 to $26.61. During the last trading day the ETF fluctuated 2.25% from a day low at $26.61 to a day high of $27.21. The price has been going up and down for this period, and there has been a -2.24% loss for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -102 thousand shares and in total, 21 thousand shares were bought and sold for approximately $546.68 thousand.
The ETF lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $26.42 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 14.87% during the next 3 months and, with a 90% probability hold a price between $30.35 and $35.67 at the end of this 3-month period.
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PHAG.L Signals & Forecast
There are few to no technical positive signals at the moment. The Wisdomtree Physical Silver ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $27.13 and $27.25. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -9.95%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The ETF had a Golden Star Signal on Monday, January 29, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Monday, January 29, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for Wisdomtree Physical Silver ETF
Wisdomtree Physical Silver finds support from accumulated volume at $26.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.600 between high and low, or 2.25%. For the last week the ETF has had daily average volatility of 2.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PHAG.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Wisdomtree Physical Silver to open at $26.81, and during the day (based on 14 day Average True Range), to move between $25.85 and $27.37, which gives a possible trading interval of +/-$0.760 (+/-2.86%) up or down from last closing price. If Wisdomtree Physical Silver takes out the full calculated possible swing range there will be an estimated 5.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.33 (1.05%) than the resistance at $26.98 (1.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wisdomtree Physical Silver ETF A Buy?
The Wisdomtree Physical Silver ETF holds several negative signals and despite the positive trend, we believe Wisdomtree Physical Silver will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.
Current score: -4.860 Sell Candidate Downgraded
Predicted Opening Price for Wisdomtree Physical Silver of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $26.81 ( 0.752%) | $26.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PHAG.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.41 | 3.01% |
| R2 | 27.18 | 2.15% |
| R1 | 27.04 | 1.61% |
| Price | 26.61 | |
| S1 | 26.58 | -0.110% |
| S2 | 26.44 | -0.642% |
| S3 | 26.21 | -1.50% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.46 | 10.71% |
| R2 | 28.84 | 8.38% |
| R1 | 26.98 | 1.39% |
| Price | 26.61 | |
| S1 | 26.33 | -1.05% |
| S2 | 26.23 | -1.43% |
| S3 | 25.92 | -2.59% |
FAQ
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