Trading Signals: SIL Stock Price Prediction and Forecast

^ SIL: Intraday Forecast Similar Waves Research Timing Gains Losses Strategies Practice

Fri. Jan. 15, 2021

Trading Signals: SIL Stock Price Prediction and Forecast (Fri. Feb. 7, 2014 - Fri. Jan. 15, 2021)

(Global X Silver Miners ETF)
SIL latest price $41.6300 (-4.89%) ($41.5900 - $43.3600) on Fri. Jan. 15, 2021.

Trend Analysis and Forecast

Trend Pattern   Growing Downtrend
Trend Narrative   Correction
Average Daily Price Swing   $2.09 (4.55% one month average)
Average Daily Percentage Swing   3.05% (three month average)
Weekly Trend Force   -0.8% (StdDev 3.05%)
Daily Moving Force   -2%
Rebound Strength   None(0%)
Trend   -0.32%
Latest Price   $41.6300(-4.89%)
Forecasted Low Price   41.13(-1.2%)
Forecasted High Price   41.96(0.8%)
Direction of Next Movement   Lower(-2%)
% Change Needed to Confirm Rebound   10.4% ((45.96))
% Change Needed for Trend Reversal   12.3%
Hourly Trend -2.4% [$43.23(-1.03), $43.96(-0.64)]
Stocks Behave Similarly   Similar Stock List
Complacency   4
Intraday Reversal Probability   There's a high probability the price will reverse sharply to upside intraday or next day..
Daily Trend   SIL declines -1.9% a day on average for past five trading days.
Weekly Trend   SIL declines -2.5% a week on average for past two weeks.
Market Behavior   Broad based sell-off for large cap. Broad based sell-off for small cap.
Correlated ETFs   Broad market will support SIL decline at-0.9% a week (96% probability)
GDXJ(97%)    SILJ(97%)    GDX(96%)    SLV(89%)    GLD(84%)
Factors Impacting SIL price   SIL will decline at least -0.7% in a week (38% probabilities).
UUP(-60%)    BJK(-29%)    VIXM(-22%)    UNG(-20%)    MJ(-20%)
Explanation The decline is sustainable and supported by the broad market.
Trading Plan   Not Available

Valuation to SPY -2

Relative Volatility 0.6 (options are expensive)

Market Trend Strength   -2.4% (StdDev 3.05%)
Hourly BBV -2.2 ()
Intraday Trend -3.9%

Next Day Open Price   $41.21(-1%)
Resistance Level   $45.9
5 Day Moving Average   $43.88(-5.13%)
10 Day Moving Average   $46.14(-9.77%)
20 Day Moving Average   $45.9(-9.3%)
To recent high   -16.3%
To recent low   5.6%
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 4.55% (three month std-dev: 3.05% 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 Hourly Chart 15 Minute Chart

i	Date	ema20(Trend)	ema10(Trend)	ema5(Trend)	Slow Hourly Trend	Fast Hourly Trend	Close	ActualPriceRange	BBV	Hourly BBV	Daily Moving Force	Weekly Trend Force	Reversal Force	Trend	Trend Pattern	Next Direction	C	RSI	Scale	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low
1	Jan_15_2021	45.9 (0.1%)	46.14 (-0.5%)	43.88 (-1.9%)	43.96	43.23(0%)	41.63(-4.89%)	41.59-43.36	-1.9(-2)	-2.2	-2%	-0.8%	0%	-0.32%	Growing Downtrend	Range(-0.4%)	4	41	1.5	-2	2.5	Correction	40.02(-3.87%)	39.73-41.16	0.83	-16.3%-5.6%
2	Jan_14_2021	46.07 (0.3%)	46.6 (-0.3%)	44.75 (-2.4%)	44.6	44.26(0%)	43.77(-0.39%)	43.55-44.55	-1.1(-1.3)	-4.2	-1.5%	-0.5%	0%	-0.12%	Growing Downtrend	Lower(-1.8%)	4	49	1.3	-1.2	2.5	Correction	42.6(-2.68%)	42.37-43.51	0.42	-12%-11.1%
3	Jan_13_2021	46.06 (0.5%)	46.91 (0.1%)	45.84 (-2.4%)	45.33	44.7(0%)	43.94(-2.64%)	43.88-45.24	-1.1(-1.2)	-0.5	-1.6%	-0.2%	0%	0.16%	Downtrend Reversal	Range(-0.5%)	5	53	1.3	-1.3	1.9	Uptrend Consolidation	44.47(1.2%)	44.63-44	0.43	-11.7%-11.5%
4	Jan_12_2021	45.94 (0.6%)	47.13 (0.4%)	46.96 (-1.9%)	46.53	44.95(0%)	45.13(0.45%)	44.11-45.17	-0.4(-0.4)	-0.5	-2.2%	-0%	0%	0.38%	Downtrend Reversal	Lower(-2.2%)	6	49	1.4	-0.8	2	Uptrend Consolidation	45.4(0.6%)	45.41-45.38	0.43	-9.3%-14.5%
5	Jan_11_2021	45.81 (0.6%)	47.21 (0.6%)	47.88 (-1.8%)	47.62	45.97(0%)	44.93(-2.3%)	44.73-45.51	-0.4(-0.4)	-0.6	-3.4%	-0.1%	0%	0.58%	Downtrend Reversal	Lower(-2.4%)	7	52	1.6	-0.8	1.6	Uptrend	45.51(1.29%)	45.09-45.69	0.76	-9.7%-14%

6	Jan_8_2021	45.7 (0.7%)	47.3 (0.7%)	48.74 (0.2%)	48.74	48.12(0%)	45.99(-6.52%)	45.03-48.42	0.1(0.1)	-1.7	-1.4%	0.2%	0%	0.76%	Uptrend Consolidation	Higher(2.1%)	7	50	1.7	-0.3	1	After Top	46.89(1.96%)	45.81-47.78	1.71	-7.6%-16.7%
7	Jan_7_2021	45.51 (0.6%)	47.24 (0.7%)	48.66 (1.1%)	49.16	49.27(0%)	49.2(-0.69%)	48.6-50	1.3(1.5)	1.8	0.6%	0.9%	0%	0.76%	Growing Uptrend	Higher(1.8%)	7	68	1.9	1.3	0.6	Uptrend	50.04(1.7%)	48.52-50.69	0.38	-1.1%-24.8%
8	Jan_6_2021	45.21 (0.6%)	46.74 (0.7%)	48.12 (1.7%)	48.32	49.36(0%)	49.54(-0.42%)	48.31-49.6	1.6(1.8)	5.7	1.2%	0.8%	0%	0.72%	Growing Uptrend	Higher(2.2%)	6	73	1.9	1.8	-0.8	After Top	49.67(0.27%)	47.1-51.77	0.95	-0.4%-25.7%
9	Jan_5_2021	44.89 (0.6%)	46.35 (0.8%)	47.33 (1.8%)	47.46	49.06(0%)	49.75(1.12%)	48.65-49.89	1.9(2.1)	1.7	2.8%	1%	0%	0.72%	Growing Uptrend	Higher(3.8%)	6	77	1.7	2.3	-0.3	Overbought	48.04(-3.44%)	45.98-51.13	0.73	0%-26.2%
10	Jan_4_2021	44.49 (0.7%)	45.87 (0.8%)	46.49 (1.7%)	46.52	47.27(0%)	49.2(7.85%)	47.7-49.38	2.2(2.4)	1.8	2.2%	0.7%	-1.6%	0.68%	Growing Uptrend	Lower(-2.3%)	5	71	1.5	2.6	-0.7	Overbought	47.42(-3.61%)	45.52-50.28	2.19	0%-24.8%

11	Dec_31_2020	44.13 (0.7%)	45.54 (0.9%)	45.73 (0.3%)	45.89	45.87(0%)	45.62(-1.87%)	45.36-46.49	0.8(0.9)	1.1	0.3%	0.3%	0%	0.66%	Uptrend Dip	Higher(1.5%)	6	64	1.3	0.8	1.1	After Top	45.92(0.65%)	44.83-46.8	0.84	-5.4%-15.8%
12	Dec_30_2020	43.99 (0.8%)	45.43 (1%)	45.6 (1%)	45.69	45.78(0%)	46.49(2.02%)	45.01-46.49	1.3(1.5)	1.6	0.2%	0.7%	0%	0.74%	Growing Uptrend	Range(0.9%)	7	68	1.3	1.5	0.9	Growing Uptrend	47.18(1.49%)	46.05-47.47	0.54	-3.6%-18%
13	Dec_29_2020	43.77 (0.8%)	45.07 (0.9%)	45.13 (-0.2%)	45.45	45.91(0%)	45.57(-0.02%)	45.3-46.35	0.9(1.1)	2.4	0.4%	0.9%	0%	0.66%	Growing Uptrend	Range(1.3%)	6	58	1.3	1.1	1.2	Uptrend	46.01(0.96%)	45.28-46.32	0.34	-5.5%-15.6%
14	Dec_28_2020	43.5 (0.7%)	44.64 (0.8%)	45.21 (0.2%)	45.22	45.61(0%)	45.58(0.44%)	45.4-46.85	1(1.2)	1.6	0.8%	0.7%	0%	0.6%	Growing Uptrend	Higher(1.5%)	5	57	1.4	1.1	0.8	Uptrend	46.04(1.01%)	45.22-46.4	0.49	-5.5%-15.7%
15	Dec_24_2020	43.22 (0.7%)	44.29 (0.7%)	45.14 (-0.5%)	45.14	44.98(0%)	45.38(0.93%)	44.75-45.59	1(1.2)	-1	%	0.7%	0%	0.58%	Correction	Range(0.7%)	4	62	1.5	1.3	1	Uptrend	45.8(0.92%)	45-46.14	0.15	-5.9%-15.1%

16	Dec_23_2020	42.94 (0.6%)	43.98 (0.8%)	45.35 (0.3%)	45.28	44.84(0%)	44.96(1.83%)	44.39-45.2	0.9(1.1)	-0.2	-0.7%	0.7%	0%	0.64%	Confirmed Correction	Range(0%)	4	59	1.5	1.3	1	Uptrend	45.48(1.15%)	44.62-45.85	0.2	-6.7%-14.1%
17	Dec_22_2020	42.67 (0.5%)	43.69 (0.7%)	45.23 (0.6%)	45.61	45.3(0%)	44.15(-3.96%)	43.76-45.82	0.7(0.8)	-1	-0.2%	0.3%	0%	0.58%	Uptrend Consolidation	Higher(2.1%)	5	56	1.5	1	1.2	Uptrend Dip	45.34(2.7%)	43.65-45.76	0.62	-8.4%-12%
18	Dec_21_2020	42.47 (0.4%)	43.61 (0.6%)	44.96 (2.3%)	45.33	45.72(0%)	45.97(1.61%)	45.01-46.38	1.6(1.8)	6.3	0.8%	0.6%	0%	0.54%	Growing Uptrend	Range(1.4%)	6	64	1.6	2.1	0.1	Growing Uptrend	46.53(1.22%)	45.32-46.83	1.17	-4.6%-16.6%
19	Dec_18_2020	42.24 (0.2%)	43.33 (0.6%)	43.95 (1.5%)	44.47	45.92(0%)	45.24(-2.52%)	45.16-46.26	1.5(1.6)	1.2	2.1%	0.7%	0%	0.4%	Uptrend Dip	Higher(4.1%)	5	70	1.4	1.9	1.9	Relative Overbought	44.93(-0.68%)	43.49-46.12	0.51	-6.2%-14.8%
20	Dec_17_2020	42.04 (0.1%)	43 (0.5%)	43.29 (2%)	43.41	44.94(0%)	46.41(4.62%)	45.66-46.67	2.4(2.6)	1.9	3.2%	0.9%	-2.9%	0.32%	Growing Uptrend	Lower(-4.6%)	5	74	1.3	2.6	1.8	Overbought	44.48(-4.16%)	42.89-46.87	0.66	-3.7%-17.8%

21	Dec_16_2020	41.78 (-0.1%)	42.57 (0.5%)	42.46 (1.2%)	42.43	43.02(0%)	44.36(3.62%)	43.06-44.4	1.8(1.9)	1.8	1.8%	0.4%	0%	0.22%	Growing Uptrend	Higher(2.2%)	5	71	1.1	1.5	2.2	N/A	43.87(-1.11%)	42.88-44.68	0.6	-8.6%-12.6%
22	Dec_15_2020	41.69 (-0.3%)	42.38 (0.6%)	41.97 (-0.3%)	42.06	41.88(0%)	42.81(4.57%)	41.66-42.89	0.9(0.9)	1.6	-0.1%	0.1%	0%	0.2%	Correction	Range(0%)	5	69	1	0.3	2.3	N/A	42.62(-0.45%)	42.15-43	0.24	-11.8%-8.6%
23	Dec_14_2020	41.72 (-0.3%)	42.32 (0.8%)	42.09 (-1.2%)	42.11	41.85(0%)	40.94(-2.38%)	40.88-42.31	-0.6(-0.6)	-3.6	-1.1%	-0%	0%	0.3%	Downtrend Reversal	Range(0.1%)	6	58	1.1	-0.7	1.4	N/A	41.28(0.82%)	41.22-41.32	0.24	-15.8%-3.9%
24	Dec_11_2020	41.87 (-0.3%)	42.26 (0.9%)	42.6 (-0.1%)	42.6	42.24(0%)	41.94(-0.73%)	41.8-42.62	-0(0.1)	-2.2	-0.3%	0.2%	0%	0.36%	Correction	Range(0.3%)	7	52	1.1	-0.3	1.5	N/A	42.17(0.54%)	41.94-42.35	0.17	-13.7%-6.4%
25	Dec_10_2020	41.93 (-0.4%)	42.09 (0.8%)	42.63 (-0.1%)	42.72	42.37(0%)	42.25(0.79%)	42-42.92	0.1(0.2)	-1.1	-0.7%	0.4%	0%	0.3%	Correction	Range(-0.3%)	7	54	1.2	-0.2	1.4	N/A	42.38(0.3%)	42.14-42.57	0.16	-13.1%-7.2%
i	Date	ema20(Trend)	ema10(Trend)	ema5(Trend)	Slow Hourly Trend	Fast Hourly Trend	Close	ActualPriceRange	BBV	Hourly BBV	Daily Moving Force	Weekly Trend Force	Reversal Force	Trend	Trend Pattern	Next Direction	C	RSI	Scale	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low