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     Wed. Nov. 25, 2020

Trading Signals: SIL Stock Price Prediction and Forecast (Fri. Feb. 7, 2014 - Tue. Jan. 26, 2021)

(Global X Silver Miners ETF)

SIL latest price $39.7600 (0.89%) ($39.5000 - $40.2190) on Wed. Nov. 25, 2020.


Trend Analysis and Forecast
 
Trend Pattern  Growing Downtrend
Trend Narrative  Relative Oversold
Average Daily Price Swing  $2.14 (4.98% one month average)
Average Daily Percentage Swing  2.88% (three month average)
Weekly Trend Force  -0.6% (StdDev 2.88%)
Daily Moving Force  -1.1%
Rebound Strength  None(0%)
Trend   -0.9%
Trend Strength  -2.8%
RSI   20
Momentum  1.7
Latest Price  $39.7600(0.89%)
Forecasted Low Price  38.81(-2.4%)
Forecasted High Price  40.04(0.7%)
Direction of Next Movement  Lower(-2.5%)
% Change Needed to Confirm Rebound  4% ((41.35))
% Change Needed for Trend Reversal  6.4%
Hourly Trend   -1.3% [$39.54(-0.5), $40.45(-0.38)]
Stocks Behave Similarly  Similar Stock List
Complacency  2
Intraday Reversal Probability  There's a high probability the price will reverse sharply to upside intraday or next day..
Daily Trend  SIL declines -1% a day on average for past five trading days.
Weekly Trend  SIL declines -5.5% a week on average for past two weeks.
Market Behavior  Value stocks sell-off for large cap. Value stock sell-off for small cap.
Correlated ETFs  Broad market will support SIL decline at-1% a week (96% probability)
  GDXJ(97%)    SILJ(97%)    GDX(96%)    SLV(87%)    GLD(85%)  
Factors Impacting SIL price  SIL will advance at least 0.2% in a week (41% probabilities).
  UUP(-63%)    VIXM(-29%)    VXX(-27%)    UNG(-13%)    SHY(-13%)  
Explanation   The decline is not sustainable and not supported by the broad market.
Trading Plan  There're alternative trades for faster decline
 
Valuation to SPY   -1.8
 
Relative Volatility   2.3 (options are extremely expensive)
 
Market Trend Strength  -1.4% (StdDev 2.88%)
Hourly BBV   -1.9 ()
Intraday Trend   0%
  
 

  


Next Day Open Price  $39.96(0.5%)
1 - 5 Day Possible Target  $36.73(-7.62%)
Inflection Point  Yes
Resistance Level  $42.94
5 Day Moving Average  $40.47(-1.75%)
10 Day Moving Average  $41.74(-4.74%)
20 Day Moving Average  $42.94(-7.41%)
To recent high  -19.9%
To recent low  0.9%
Market Cap  $N/A
 
Option Sentiment  
 
 
 
 



$. Technical analysis works only if the market conditions in the future are not drastically different from the past. Always read market news to understand the causes of the price movement before making a trading decision. News

$. SIL price fluctuates within 4.98% (three month std-dev: 2.88%    one year average std_dev: 0%) daily (68% of days).
$. SIL price fluctuates within 0% weekly (one year average std_dev: %).

Analysis   News   Options   Weekly Chart   Daily Chart   2 Month Daily Chart   

  >  20201225

iDateema20(Trend)ema10(Trend) ema5(Trend) Slow Hourly
Trend
Fast Hourly
Trend
CloseActualPriceRangeBBVHourly
BBV
Daily
Moving
Force
Weekly
Trend
Force
Reversal
Force
TrendTrend
Strength
RSIMomentumTrend
Pattern
Next
Direction
CRVVIXCDTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeVolume
millions
To High-Low
1Nov_25_202042.94 (-0.4%)41.74 (-1.2%)40.47 (-1%) 40.45 39.54(0%)39.76(0.89%)39.5-40.22-1.4(-1.5)-1.9 -1.1%-0.6%0%-0.9%-2.8%201.7 Growing Downtrend  Lower(-1.7%)2-1.81.4Relative Oversold 39.79(0.07%)37.83-41.390.58   -19.9%-0.9
2Nov_24_202043.05 (-0.6%)42.08 (-1%)40.86 (-1.8%) 40.83 40.04(0%)39.41(-1.6%)38.89-39.67-1.6(-1.8)-2.2 -2.6%-0.9%0%-0.88%-2.2%411.7 Growing Downtrend  Lower(-2.7%)2-2.11.5Growing Downtrend 38.79(-1.57%)38.19-39.970.7   -20.6%-0
3Nov_23_202043.33 (-0.4%)42.51 (-1%)41.59 (-1.8%) 41.61 41.36(0%)40.05(-3.77%)40-41.65-1.5(-1.8)-3.1 -1.1%-0.9%0%-0.76%-1.9%391.5 Growing Downtrend  Range(-0.1%)2-21.3Growing Downtrend 39.57(-1.19%)39.1-40.530.81   -19.3%-0
4Nov_20_202043.56 (-0.4%)42.98 (-0.6%)42.34 (-1.1%) 42.22 41.63(0%)41.62(0.26%)41.62-42.4-0.8(-1.1)-1.7 -0.9%-1.1%0%-0.58%-1.3%471.4 Growing Downtrend  Lower(-2%)3-1.61.4Relative Oversold 41.52(-0.23%)40.49-42.370.21   -16.2%-1
5Nov_19_202043.74 (-0.2%)43.6 (-0.4%)42.83 (-0.9%) 42.71 41.87(0%)41.51(-0.48%)41.1-41.66-1(-1.3)-1.5 -1.8%-1.1%0%-0.32%-0.3%511.4 Growing Downtrend  Lower(-2.7%)4-21.7Growing Downtrend 41.33(-0.44%)41.1-41.840.39   -16.4%-0.7
 
6Nov_18_202043.94 (-0.2%)44.18 (-0%)43.21 (-0.6%) 43.42 42.81(0%)41.71(-3.16%)41.71-43.13-1.2(-1.3)-2.2 -1.2%-0.5%0%-0.1%0.5%531.3 Growing Downtrend  Range(-0.1%)5-21.9N/A 42.2(1.18%)41.47-42.80.61   -16%-1.2
7Nov_17_202044.15 (-0.2%)44.38 (0.2%)43.48 (-0.2%) 43.75 43.55(0%)43.07(-1.67%)42.82-43.55-0.6(-0.7)-1.6 -0.5%-0.3%0%0.02%0.5%581.3 Downtrend Reversal  Range(0%)6-1.81.8N/A 43.4(0.76%)43.07-43.670.24   -13.3%-4.5% 
8Nov_16_202044.26 (-0.2%)44.53 (0.2%)43.55 (-0.4%) 43.69 44.03(0%)43.8(-0.61%)43.51-44.23-0.3(-0.3)0.4 %-0%0%0.02%0.6%481.2 N/A  Range(0.3%)7-1.71.9N/A 43.93(0.3%)43.8-44.040.27   -11.8%-6.3% 
9Nov_13_202044.3 (-0.2%)44.52 (0.2%)43.72 (-1.8%) 43.77 43.94(0%)44.07(1.52%)43.81-44.49-0.2(-0.1)-1.2 0.1%0.2%0%0.02%0.5%511.3 Growing Uptrend  Range(0.3%)7-1.51.1N/A 44.08(0.03%)43.95-44.190.18   -11.2%-6.9% 
10Nov_12_202044.36 (-0.2%)44.37 (0.2%)44.54 (-1.7%) 44 43.35(0%)43.41(0.86%)43.28-44.44-0.6(-0.6)-3.7 -1.4%0.1%0%0.12%0%461.3 Uptrend Consolidation  Range(-1.3%)6-1.70.7N/A 43.68(0.62%)43.41-43.90.56   -12.6%-5.3% 
 
11Nov_11_202044.48 (-0%)44.24 (0.2%)45.33 (-0.1%) 45.08 43.59(0%)43.04(-0.94%)42.7-43.24-0.9(-0.9)-2.8 -1.8%0.1%0%0.2%-0.5%451.3 Downtrend Reversal  Range(-1.2%)6-2.51.3Uptrend Reversal 43.57(1.22%)43.12-43.860.17   -13.3%-4.4% 
12Nov_10_202044.65 (0%)44.12 (0.2%)45.39 (-0.4%) 45.9 44.66(0%)43.45(-2.6%)43.35-45.01-0.6(-0.7)-1.3 -2.2%-0.3%0%0.1%-1.2%441.2 Downtrend Reversal  Range(-1.2%)6-2.40.7Range Bound 43.68(0.52%)43.86-43.530.41   -12.5%-5.4% 
13Nov_9_202044.77 (0.2%)44.25 (0.2%)45.58 (0.5%) 45.81 46.57(0%)44.61(-7.47%)43.98-46.02-0.1(-0.1)0 -0.4%0%0%0.16%-1.1%491.2 Downtrend Reversal  Higher(3.3%)6-1.8-0.4Uptrend 44.74(0.29%)44.65-44.780.73   -10.2%-8.2% 
14Nov_6_202044.85 (0.2%)44.21 (0%)45.36 (2.7%) 45.6 47.15(0%)48.21(1.79%)47.43-48.451.8(2)1.8 3.5%0.7%0%0.12%-1.4%601.2 Growing Uptrend  Higher(4.2%)52.41.9Uptrend 48.21(0%)47.57-48.490.53   -6.3%-17% 
15Nov_5_202044.72 (0%)43.85 (-0.2%)44.18 (2.6%) 44.38 45.06(0%)47.36(9.3%)45.13-47.491.6(1.7)2.6 2.4%0.5%0%-0.14%-2%541.1 Uptrend Reversal  Higher(2.9%)41.90.9N/A 46.7(-1.4%)45.88-47.360.94   -8.1%-14.9% 
 
16Nov_4_202044.54 (-0%)43.59 (-0.6%)43.05 (0.9%) 43.28 44.06(0%)43.33(-2.43%)43.22-44.44-0.7(-0.8)0.5 1%-0.4%0%-0.4%-2.1%401.1 Downtrend Consolidation Downtrend Pop Higher(1.8%)4-1.80.5Downtrend 43.2(-0.31%)43.04-43.540.24   -15.9%-5.1% 
17Nov_3_202044.55 (-0.2%)43.84 (-0.6%)42.67 (-0.2%) 42.68 43.7(0%)44.41(2.09%)43.82-44.67-0.1(-0.1)1 1.7%-0%0%-0.5%-1.6%411.2 Uptrend Reversal  Higher(1.7%)30.7-1.6Downtrend 44.1(-0.69%)43.96-44.450.46   -13.8%-7.7% 
18Nov_2_202044.46 (-0.2%)43.9 (-0.6%)42.75 (-0.4%) 42.16 42.49(0%)43.5(2.86%)42.38-43.55-0.6(-0.6)1.7 0.6%-0.2%0%-0.5%-1.3%411.2 Rebound  Range(0.4%)20.6-2.5After Bottom 43.46(-0.1%)42.72-44.050.2   -15.6%-5.5% 
19Oct_30_202044.52 (-0.2%)44 (-0.8%)42.9 (-1.3%) 42.53 41.66(0%)42.29(1.32%)40.91-42.3-1.3(-1.5)-5.1 -1%-0.6%0%-0.52%-1.2%321.2 Growing Downtrend  Lower(-1.6%)1-0.4-2.2Growing Downtrend 42.06(-0.54%)41.79-42.650.29   -17.9%-2.6
20Oct_29_202044.6 (-0%)44.33 (-0.6%)43.48 (-1.7%) 43.21 41.83(0%)41.74(0.85%)41-41.99-1.8(-2)-1.3 -2.9%-0.8%0%-0.42%-0.6%301.1 Growing Downtrend  Lower(-3.7%)1-1.8-2.4Relative Oversold 42.24(1.2%)41.14-43.150.27   -19%-1.3
 
21Oct_28_202044.75 (0.2%)44.76 (-0.4%)44.21 (-2%) 44.15 43.4(0%)41.39(-7.65%)41.2-43.22-2.3(-2.6)-2.5 -2.3%-0.9%1.9%-0.22%0%441 Oversold  Higher(2.5%)2-1.9-2.4Correction 40.47(-2.22%)40.3-41.150.81   -19.7%-0.4
22Oct_27_202044.87 (0.2%)45.28 (-0%)45.12 (-0.2%) 44.94 44.59(0%)44.82(1.31%)44.24-44.92-0(-0)-0.4 -0.6%-0.1%0%0.08%0.9%610.9 Downtrend Reversal  Range(-0.7%)30.9-0.6Correction 44.47(-0.77%)44.37-44.880.2   -13%-8.7% 
23Oct_26_202044.81 (0.2%)45.38 (0.2%)45.2 (-0.1%) 45.27 44.9(0%)44.24(-2.12%)44.11-45.34-0.4(-0.5)-3.7 -0.5%-0.3%0%0.18%1.3%620.9 Downtrend Reversal  Range(0.3%)4-0.1-0.2Uptrend 44.35(0.25%)44.33-44.360.33   -14.1%-7.3% 
24Oct_23_202044.75 (0.2%)45.6 (0.2%)45.25 (-0.2%) 45.35 45.3(0%)45.2(-0.44%)44.7-45.470.4(0.3)-0.8 -0.4%-0.1%0%0.22%1.9%541 Downtrend Reversal  Range(-0.3%)50.10.8Uptrend Consolidation 45.09(-0.25%)45-45.330.12   -12.3%-9.7% 
25Oct_22_202044.62 (0.2%)45.7 (0.4%)45.32 (-0.2%) 45.37 45.65(0%)45.4(-1.22%)44.78-45.720.5(0.6)-1 0.2%0.3%0%0.3%2.4%591 Growing Uptrend  Range(1.1%)60.50.6Uptrend 45.55(0.33%)45.26-45.670.19   -11.9%-10.1% 
iDateema20(Trend)ema10(Trend) ema5(Trend) Slow Hourly
Trend
Fast Hourly
Trend
CloseActualPriceRangeBBVHourly
BBV
Daily
Moving
Force
Weekly
Trend
Force
Reversal
Force
TrendTrend
Strength
RSIMomentumTrend
Pattern
Next
Direction
CRVVIXCDTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeVolume
millions
To High-Low
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