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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 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 PSLV
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Sprott Physical Silver Trust stock price up 1.10% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 06, 2024 Gain 2.85% PDF

The Sprott Physical Silver Trust stock price gained 1.10% on the last trading day (Thursday, 28th Mar 2024), rising from $8.20 to $8.29. During the last trading day the stock fluctuated 1.96% from a day low at $8.18 to a day high of $8.34. The price has been going up and down for this period, and there has been a -0.12% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $34.31 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.69% during the next 3 months and, with a 90% probability hold a price between $8.22 and $9.09 at the end of this 3-month period.

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PSLV Signals & Forecast

The Sprott Physical Silver Trust stock 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 $8.25 and $7.93. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, March 20, 2024, and so far it has fallen -2.13%. 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).

Support, Risk & Stop-loss for Sprott Physical Silver Trust stock

On the downside, the stock finds support just below today's level from accumulated volume at $7.82 and $7.70. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Sprott Physical Silver Trust finds support just below today's level at $7.82. If this is broken, then the next support from accumulated volume will be at $7.70 and $7.68.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.160 between high and low, or 1.96%. For the last week, the stock has had daily average volatility of 1.49%.

Our recommended stop-loss: $7.92 (-4.48%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (PSLV) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Sprott Physical Silver Trust to open at $8.27, and during the day (based on 14 day Average True Range), to move between $8.13 and $8.45, which gives a possible trading interval of +/-$0.160 (+/-1.93%) up or down from last closing price. If Sprott Physical Silver Trust takes out the full calculated possible swing range there will be an estimated 3.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $8.34 (0.60%) than the support at $7.82 (5.67%), 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 Sprott Physical Silver Trust stock 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 Sprott Physical Silver Trust stock to perform well in the short-term.

Current score: 2.199 Buy Candidate Unchanged

Predicted Opening Price for Sprott Physical Silver Trust of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$8.27 ( 0.241%) $8.29

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

Trading levels for PSLV

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.43 1.69 %
R2 8.37 0.95 %
R1 8.33 0.496 %
Current price: 8.29
Support S1 8.21 -0.98 %
S2 8.17 -1.43 %
S3 8.11 -2.17 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.43 1.69 %
R2 8.36 0.84 %
R1 8.34 0.603 %
Current price 8.29
Support S1 7.82 -5.67%
S2 7.70 -7.12%
S3 7.68 -7.36%

FAQ

What is the symbol for Sprott Physical Silver Trust Stock and on which exchange is it traded?
The symbol for Sprott Physical Silver Trust is PSLV and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Sprott Physical Silver Trust Stock?
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 Sprott Physical Silver Trust stock to perform well in the short-term.

How to buy Sprott Physical Silver Trust Stock?
Sprott Physical Silver Trust Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sprott Physical Silver Trust Stock.

What's the current price of Sprott Physical Silver Trust Stock?
As of the end of day on the 2024-03-28, the price of an Sprott Physical Silver Trust (PSLV) share was $8.29.

What is the 52-week high and low for Sprott Physical Silver Trust Stock?
The 52-week high for Sprott Physical Silver Trust Stock is $8.99 and the 52-week low is $7.08.

What is the market capitalization of Sprott Physical Silver Trust Stock?
As of the 2024-03-28, the market capitalization of Sprott Physical Silver Trust is 4.022B.

When is the next earnings date for Sprott Physical Silver Trust?
The upcoming earnings date for Sprott Physical Silver Trust is May 03, 2024.
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About Sprott Physical Silver Trust

Sprott Physical Silver Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. The fund invests in the commodity markets. It primarily invests in physical silver bullion in London Good Delivery bar form. Sprott Physical Silver Trust was formed on June 30, 2010 and is domiciled in Canada.... PSLV Profile

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