Weaker Buy Today SVM ranks #136 as BUY CANDIDATE. Stronger Buy
Today SVM ranks #136 as BUY CANDIDATE.

SVM stock Silvercorp Metals Inc

SVM stock
Silvercorp Metals Inc

February 15, 2019
Change 5.75%
Chart period: 2018-11-16 - 2019-02-15
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will SVM stock price go up or down on Tue, 19 Feb 2019?

Silvercorp Metals Inc Forecast and Stock Analysis

Technical SVM stock analysis for February 15, 2019.

Buy candidate since 2019-02-12 Gain 3.91%
Shorts 0.14% ( 2019-01-31 )
Cash n/a
Loans n/a
Beta 1.46
ROA 9.62

Silvercorp Metals Inc gained 5.75% in the last trading day, rising from $2.26 to $2.39 , 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 risen in 6 of the last 10 days and is up by 3.46% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 312 504 more shares were traded than the day before. In total, 541 666 shares bought and sold for approximately $1.29 million.

Close price at the end of the last trading day (Friday, 15th Feb 2019) of the SVM stock was $2.39. This is 5.75% more than the trading day before Thursday, 14th Feb 2019.

During day the stock fluctuated 7.17% from a day low at $2.23 to a day high of $2.39.

30 day high of the SVM stock price was $2.39 and low was $1.96.
90 day high was $2.39 and low was $1.83.
52 week high for the Silvercorp Metals Inc - $3.12 and low - $1.83.

Trend

Silvercorp Metals Inc 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 stock is expected to rise 18.29% during the next 3 months and, with 90% probability hold a price between $2.51 and $2.96 at the end of this period.

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Signals

Only positive signals in the chart today. Silvercorp Metals Inc 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 $2.28 and $2.21. 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. Silvercorp Metals Inc has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

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Relative Strength Index (RSI)

RSI14 is 67 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $2.05 and $2.02.

There is 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, Silvercorp Metals Inc finds support just below today's level at $2.05. If this is broken, then the next support from accumulated volume will be at $2.02 and $2.00.

Support: $2.05 Price: $2.39

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.16 between high and low, or 7.17%. For the last week, the stock has had a daily average volatility of 4.22%.

Our recommended stoploss: $2.29 (-4.26%) (This stock has medium daily movements and this gives medium 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

Silvercorp Metals Inc 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.

Weaker Buy Today SVM ranks #136 as BUY CANDIDATE. Stronger Buy
Today SVM ranks #136 as BUY CANDIDATE.