Bullish vs. Bearish (51 opinions)
Social Sentiment 0.08
SLV Forecast and Technical Stock Analysis
Buy candidate since 2019-08-01 Gain 4.63%
iShares Silver Trust gained 1.65% in the last trading day ( Tuesday, 20th Aug 2019 ), rising from $15.79 to $16.05 During the day the stock fluctuated 1.13% from a day low at $15.91 to a day high of $16.09. The price has risen in 5 of the last 10 days and is up by 4.36% over the past 2 weeks. Volume fell in the last day by -2.41 million shares and in total, 12.18 million shares bought and sold for approximately $195.50 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Quick summary:
- 30 day high of the SLV stock price was $16.22 and low was $14.98.
- 90 day high was $16.22 and low was $13.39.
- 52 week high for iShares Silver Trust - $16.22 and low - $13.11.
Trend
iShares Silver Trust lies in the middle of a strong 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 19.49% during the next 3 months and, with 90% probability hold a price between $18.35 and $19.50 at the end of this period.
Signals
Only positive signals in the chart today. iShares Silver Trust holds buy signals from both short- and long-term moving averages. In addition, 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 $16.00 and $15.20. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday August 19, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 71 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
iShares Silver Trust finds support from accumulated volume at $15.97.
Risk
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.18 (1.13%) between high and low. For the last week, the stock has had daily average volatility of 1.08%.
Our recommended stop-loss: $15.30 (-4.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
1.08 %
Average volatilityOverall risk:
Very Low Low Medium High Very High
Evaluation
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 this stock to perform well in the short-term.
Also 80% of user sentiment are positive to the stock. The sentiment is based upon 51 votes on StockTwits.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
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