| SIL latest price $41.6300 (-4.89%) ($41.5900 - $43.3600) on Fri. Jan. 15, 2021. |
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| Trend Analysis and Forecast |
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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 |
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Valuation to SPY | -2 |
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Relative Volatility | 0.6 (options are expensive) |
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Market Trend Strength | -2.4% (StdDev 3.05%) |
Hourly BBV | -2.2 () |
Intraday Trend | -3.9% |
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