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iShares MSCI Global Silver Miners ETF Forecast

$12.96
-0.0200 (-0.154%)
At Close: May 30, 2024
RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SLVP
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Red day on Thursday for iShares MSCI Global Silver Miners
(Updated on May 30, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 34.44% PDF

The iShares MSCI Global Silver Miners ETF price fell by -0.154% on the last day (Thursday, 30th May 2024) from $12.98 to $12.96. During the last trading day the ETF fluctuated 2.09% from a day low at $12.92 to a day high of $13.19. The price has fallen in 6 of the last 10 days but is still up by 3.18% over the past 2 weeks. Volume has increased on the last day by 12 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 90 thousand shares were bought and sold for approximately $1.17 million.

The ETF lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 43.10% during the next 3 months and, with a 90% probability hold a price between $17.96 and $19.94 at the end of this 3-month period.

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SLVP Signals & Forecast

The iShares MSCI Global Silver Miners ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $12.94 and $12.10. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -3.64%. Further fall is indicated until a new bottom pivot has been found. iShares MSCI Global Silver Miners gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for iShares MSCI Global Silver Miners ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $11.83 and $11.45. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, iShares MSCI Global Silver Miners finds support just below today's level at $11.83. If this is broken, then the next support from accumulated volume will be at $11.45 and $11.22.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.270 between high and low, or 2.09%. For the last week, the ETF has had daily average volatility of 2.22%.

Our recommended stop-loss: $12.58 (-2.91%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 21 days ago.)

Trading Expectations (SLVP) For The Upcoming Trading Day Of Friday 31st

For the upcoming trading day on Friday, 31st we expect iShares MSCI Global Silver Miners ETF to open at $13.02, and during the day (based on 14 day Average True Range), to move between $12.57 and $13.35, which gives a possible trading interval of +/-$0.385 (+/-2.97%) up or down from last closing price. If iShares MSCI Global Silver Miners ETF takes out the full calculated possible swing range there will be an estimated 5.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $13.19 (1.77%) than the support at $11.83 (8.72%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is iShares MSCI Global Silver Miners ETF ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for iShares MSCI Global Silver Miners ETF to perform well in the short-term.

Current score: 2.170 Buy Candidate Unchanged

Predicted Opening Price for iShares MSCI Global Silver Miners ETF of Friday, May 31, 2024

Fair opening price May 31, 2024 Current price
$13.02 ( 0.489%) $12.96

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SLVP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 13.29 2.57 %
R2 13.19 1.78 %
R1 13.13 1.28 %
Current price: 12.96
Support S1 12.92 -0.307 %
S2 12.86 -0.799 %
S3 12.75 -1.59 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 13.45 3.78 %
R2 13.32 2.78 %
R1 13.19 1.77 %
Current price 12.96
Support S1 11.83 -8.72%
S2 11.45 -11.65%
S3 11.22 -13.43%

SLVP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 20, 2023 Dec 20, 2023 Dec 20, 2023 $0.0480 0.475%
2 Jun 06, 2023 Jun 07, 2023 Jun 13, 2023 $0.0410 0.404%
3 Dec 12, 2022 Dec 13, 2022 Dec 19, 2022 $0.0100 0.0983%
4 Jun 08, 2022 Jun 09, 2022 Jun 15, 2022 $0.0570 0.528%
5 Dec 10, 2021 Dec 13, 2021 Dec 17, 2021 $0.0610 0.488%

FAQ

What is the symbol for iShares MSCI Global Silver Miners ETF ETF and on which exchange is it traded?
The symbol for iShares MSCI Global Silver Miners ETF is SLVP and it is traded on the BATS (BATS Global Markets).

Should I buy or sell iShares MSCI Global Silver Miners ETF ETF?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for iShares MSCI Global Silver Miners ETF to perform well in the short-term.

How to buy iShares MSCI Global Silver Miners ETF ETF?
iShares MSCI Global Silver Miners ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy iShares MSCI Global Silver Miners ETF ETF.

What's the current price of iShares MSCI Global Silver Miners ETF ETF?
As of the end of day on the May 30, 2024, the price of an iShares MSCI Global Silver Miners ETF (SLVP) share was $12.96.

What is the 52-week high and low for iShares MSCI Global Silver Miners ETF ETF?
The 52-week high for iShares MSCI Global Silver Miners ETF ETF is $13.48 and the 52-week low is $8.01.

What is the market capitalization of iShares MSCI Global Silver Miners ETF ETF?
As of the May 30, 2024, the market capitalization of iShares MSCI Global Silver Miners ETF is 92.016M.
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