iShares Silver Trust Forecast and Stock Analysis
Technical SLV stock analysis for February 15, 2019.
| Shorts | 1.39% ( 2013-01-15 ) |
| Cash | n/a |
| Loans | n/a |
| Beta | 0.01 |
| ROA | n/a |
iShares Silver Trust gained 1.16% in the last trading day, rising from $14.65 to $14.82 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has been going up and down for this period, and there has been a -0.67% loss for the last 2 weeks. Volume fell in the last day by -0.04 million shares, and in total, 6.50 million shares bought and sold for approximately $96.34 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.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the SLV stock was $14.82. This is 1.16% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.37% from a day low at $14.63 to a day high of $14.83.
30 day high of the SLV stock price was $15.19 and low was $14.30.
90 day high was $15.19 and low was $13.20.
52 week high for the iShares Silver Trust - $16.35 and low - $13.11.
Trend
iShares Silver Trust lies in the lower part of a strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $14.65 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 12.32% during the next 3 months and, with 90% probability hold a price between $16.45 and $17.43 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 $14.73 and $14.68. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday February 13, 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 may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 51 and the stock is currently not being overbought or oversold
Support & Resistance
iShares Silver Trust finds support from accumulated volume at $14.73.
Risk
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.20 (1.37%) between high and low. For the last week, the stock has had a daily average volatility of 1.00%.
Our recommended stoploss: $14.07 (-5.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
Overall risk:
Very Low Low Medium High Very High
Evaluation: Strong Buy Candidate
iShares Silver Trust holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Buy Candidate.
