Trading Signals: SLV Stock Price Prediction and Forecast

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

Wed. Nov. 25, 2020

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

(iShares Silver Trust)
SLV latest price $21.7200 (0.42%) ($21.6400 - $21.8500) on Wed. Nov. 25, 2020.

Trend Analysis and Forecast

Trend Pattern   Growing Downtrend
Trend Narrative   Relative Oversold
Average Daily Price Swing   $0.56 (2.49% one month average)
Average Daily Percentage Swing   2.42% (three month average)
Weekly Trend Force   -0.3% (StdDev 2.42%)
Daily Moving Force   -0.8%
Rebound Strength   None(0%)
Trend   -0.34%
Trend Strength   -0.5%
RSI   25
Momentum   1
Latest Price   $21.7200(0.42%)
Forecasted Low Price   21.35(-1.7%)
Forecasted High Price   21.85(0.6%)
Direction of Next Movement   Lower(-1.9%)
% Change Needed to Confirm Rebound   2.9% ((22.34))
% Change Needed for Trend Reversal   4.2%
Hourly Trend -0.8% [$21.65(-0.18), $22(-0.14)]
Stocks Behave Similarly   Similar Stock List
Complacency   3
Intraday Reversal Probability   N/A.
Daily Trend   SLV declines -0.7% a day on average for past five trading days.
Weekly Trend   SLV declines -2.1% 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 SLV decline at-1% a week (89% probability)
GLD(87%)    SIL(87%)    SILJ(87%)    GDXJ(84%)    GDX(81%)
Factors Impacting SLV price   SLV will advance at least 0.2% in a week (42% probabilities).
UUP(-67%)    VXX(-29%)    VIXM(-23%)    SHY(-17%)    UNG(-14%)
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 -1.9

Relative Volatility 2.4 (options are extremely expensive)

Market Trend Strength   -1.1% (StdDev 2.42%)
Hourly BBV -0.8 ()
Intraday Trend 0%

Next Day Open Price   $21.72(0%)
1 - 5 Day Possible Target   $21.01(-3.27%)
Resistance Level   $22.47
5 Day Moving Average   $22.04(-1.45%)
10 Day Moving Average   $22.37(-2.91%)
20 Day Moving Average   $22.47(-3.34%)
To recent high   -17.2%
To recent low   2.6%
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

$. SLV price fluctuates within 2.49% (three month std-dev: 2.42% one year average std_dev: 0%) daily (68% of days).
$. SLV price fluctuates within 0% weekly (one year average std_dev: %).

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20201225

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 Strength	RSI	Momentum	Trend Pattern	Next Direction	C	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low
1	Nov_25_2020	22.47 (-0.2%)	22.37 (-0.4%)	22.04 (-0.7%)	22	21.65(0%)	21.72(0.42%)	21.64-21.85	-1.2(-1.3)	-0.8	-0.8%	-0.3%	0%	-0.34%	-0.5%	25	1	Growing Downtrend	Range(-1.1%)	3	-1.9	1.4	Relative Oversold	21.81(0.42%)	21.48-22.09	13.54	-17.2%-2.6%
2	Nov_24_2020	22.48 (-0.2%)	22.46 (-0.4%)	22.2 (-1%)	22.14	21.83(0%)	21.63(-1.37%)	21.41-21.69	-1.4(-1.6)	-0.8	-1.8%	-0.4%	0%	-0.28%	-0.1%	47	1	Growing Downtrend	Lower(-1.5%)	3	-2.3	1.5	Growing Downtrend	21.58(-0.23%)	21.5-21.77	32.21	-17.5%-2.2%
3	Nov_23_2020	22.54 (-0.2%)	22.55 (-0.2%)	22.43 (-0.9%)	22.42	22.36(0%)	21.93(-2.49%)	21.78-22.37	-1.1(-1.2)	-2	-0.6%	-0.3%	0%	-0.18%	0%	48	0.9	Growing Downtrend	Range(0.3%)	3	-1.8	1.3	Downtrend	21.89(-0.18%)	21.83-22.03	30.4	-16.4%-3.6%
4	Nov_20_2020	22.58 (-0%)	22.61 (-0.2%)	22.64 (-0.4%)	22.59	22.44(0%)	22.49(0.31%)	22.47-22.81	0(-0.2)	-3.6	-0.3%	-0.4%	0%	-0.1%	0.1%	53	0.9	Growing Downtrend	Range(-0.7%)	4	-1.1	1.4	Downtrend	22.46(-0.15%)	22.44-22.49	17.5	-14.3%-6.2%
5	Nov_19_2020	22.6 (-0%)	22.73 (0%)	22.73 (-0.1%)	22.68	22.48(0%)	22.42(-0.58%)	22.08-22.45	-0.2(-0.4)	-3	-0.8%	-0.4%	0%	0.04%	0.6%	57	0.9	Correction	Range(-0.9%)	5	-1.6	1.7	Range Bound	22.44(0.1%)	22.47-22.42	14.87	-14.5%-5.9%

6	Nov_18_2020	22.63 (0%)	22.85 (0.2%)	22.73 (0%)	22.85	22.74(0%)	22.55(-0.84%)	22.54-22.98	-0.2(-0.2)	2	-0.2%	0%	0%	0.16%	1%	61	0.9	Downtrend Reversal	Range(0.2%)	6	-1.3	1.9	N/A	22.63(0.34%)	22.63-22.63	16.08	-14%-6.5%
7	Nov_17_2020	22.66 (0%)	22.83 (0.2%)	22.75 (0.3%)	22.82	22.87(0%)	22.74(-1.22%)	22.65-22.9	0.1(0.2)	3.7	%	0.1%	0%	0.2%	0.7%	62	0.9	Uptrend Consolidation	Range(0.7%)	7	-1.6	1.8	N/A	22.79(0.21%)	22.7-22.86	15.12	-13.3%-7.4%
8	Nov_16_2020	22.67 (0%)	22.8 (0.2%)	22.68 (0.4%)	22.72	22.97(0%)	23.02(0.52%)	22.82-23.1	0.6(0.7)	2.1	0.7%	0.2%	0%	0.16%	0.6%	53	0.9	Growing Uptrend	Range(0.9%)	7	-1.4	1.9	N/A	23(-0.1%)	22.82-23.14	19.83	-12.2%-8.7%
9	Nov_13_2020	22.65 (-0%)	22.74 (0.2%)	22.58 (-0.8%)	22.62	22.77(0%)	22.9(1.55%)	22.88-23.09	0.4(0.5)	1.1	0.6%	0.3%	0%	0.1%	0.4%	53	0.9	Growing Uptrend	Range(0.9%)	7	-1.2	1.1	N/A	22.85(-0.21%)	22.75-22.94	15.62	-12.7%-8.2%
10	Nov_12_2020	22.62 (-0%)	22.66 (0.2%)	22.76 (-0.9%)	22.5	22.48(0%)	22.55(0.13%)	22.5-22.7	-0.2(-0.1)	2	-0.6%	0.2%	0%	0.12%	0.1%	47	0.8	Uptrend Consolidation	Range(-0.4%)	6	-1.3	0.7	N/A	22.59(0.17%)	22.59-22.59	14.12	-14%-6.5%

11	Nov_11_2020	22.62 (0%)	22.58 (0.2%)	22.97 (0.3%)	22.81	22.47(0%)	22.52(0.4%)	22.2-22.58	-0.3(-0.2)	1.1	-0.4%	0.2%	0%	0.16%	-0.2%	46	0.8	Uptrend Consolidation	Range(-0.2%)	6	-1.9	1.3	Uptrend	22.56(0.19%)	22.55-22.57	17.89	-14.1%-6.4%
12	Nov_10_2020	22.62 (0%)	22.52 (0%)	22.91 (-0%)	23.04	22.53(0%)	22.43(-0.31%)	22.4-22.78	-0.3(-0.4)	-1.2	-1.3%	-0.1%	0%	0.04%	-0.5%	42	0.7	N/A	Range(-1.2%)	6	-2	0.7	Range Bound	22.47(0.16%)	22.48-22.46	25.16	-16.9%-6%
13	Nov_9_2020	22.63 (0%)	22.54 (0%)	22.92 (0.1%)	23.04	23.14(0%)	22.5(-5.42%)	21.92-22.79	-0.2(-0.2)	0.4	-0.9%	-0.1%	0%	0.04%	-0.4%	46	0.7	N/A	Higher(1.7%)	6	-2.2	-0.4	Range Bound	22.54(0.17%)	22.55-22.53	70.06	-16.7%-6.3%
14	Nov_6_2020	22.67 (0.2%)	22.55 (0%)	22.9 (1.6%)	22.98	23.56(0%)	23.79(0.76%)	23.48-23.96	1.9(2)	2.1	2.4%	0.4%	0%	0.04%	-0.5%	61	0.8	Overbought	Higher(2.8%)	5	1.4	1.9	N/A	23.54(-1.03%)	23.14-23.88	32.63	-11.9%-12.4%
15	Nov_5_2020	22.64 (0%)	22.45 (-0.2%)	22.54 (1.7%)	22.61	22.81(0%)	23.61(6.16%)	23-23.66	1.8(1.9)	3.5	1.7%	0.4%	0%	-0.06%	-0.9%	61	0.7	Overbought	Higher(2.1%)	4	1.1	0.9	N/A	23.36(-1.04%)	23.06-23.61	57.03	-12.6%-11.5%

16	Nov_4_2020	22.64 (-0%)	22.37 (-0.2%)	22.16 (0.4%)	22.28	22.81(0%)	22.24(-0.89%)	22.1-22.5	-0.6(-0.7)	-0.5	0.3%	-0.3%	0%	-0.2%	-0.9%	46	0.6	Downtrend Consolidation	Range(0.4%)	4	-1.2	0.5	Downtrend	22.22(-0.07%)	22.19-22.3	31.07	-17.6%-5.1%
17	Nov_3_2020	22.57 (-0%)	22.46 (-0.2%)	22.07 (-0.2%)	22.09	22.41(0%)	22.44(0.13%)	22.38-22.65	-0.2(-0.3)	-0.6	0.8%	-0.1%	0%	-0.2%	-0.5%	49	0.7	Confirmed Rebound	Range(0.7%)	4	0.6	-1.6	Downtrend	22.41(-0.12%)	22.39-22.46	17.88	-16.9%-6%
18	Nov_2_2020	22.54 (-0%)	22.52 (-0.2%)	22.12 (-0.2%)	21.89	22.14(0%)	22.41(1.91%)	22.09-22.44	-0.2(-0.3)	-0.6	0.7%	-0.1%	0%	-0.16%	-0.1%	50	0.7	Uptrend Reversal	Range(0.6%)	4	1.5	-2.5	After Bottom	22.42(0.03%)	22.34-22.48	18.47	-17%-5.9%
19	Oct_30_2020	22.55 (-0%)	22.54 (-0.2%)	22.16 (-0.9%)	21.98	21.77(0%)	21.99(1.29%)	21.78-22.12	-1(-1.1)	-1.9	-0.1%	-0.2%	0%	-0.18%	-0%	34	0.6	Growing Downtrend	Range(-0.3%)	4	1.3	-2.2	Downtrend	21.99(-0.02%)	21.94-22.09	22.08	-18.6%-3.9%
20	Oct_29_2020	22.56 (0%)	22.59 (-0.2%)	22.35 (-1.1%)	22.15	21.64(0%)	21.71(-0.32%)	21.27-21.94	-1.6(-1.7)	-0.9	-2%	-0.3%	0%	-0.14%	0.1%	29	0.6	Growing Downtrend	Lower(-2.1%)	4	-0.2	-2.4	Correction	21.43(-1.29%)	21.37-21.66	23.05	-19.6%-2.6%

21	Oct_28_2020	22.56 (0.2%)	22.69 (-0%)	22.6 (-1.4%)	22.49	22.19(0%)	21.78(-4.18%)	21.42-21.88	-1.5(-1.6)	-1.5	-1.7%	-0.3%	0%	-0.02%	0.4%	49	0.6	Downtrend Reversal	Range(0.1%)	4	0.6	-2.4	Correction	21.54(-1.08%)	21.49-21.76	38.1	-19.3%-2.9%
22	Oct_27_2020	22.59 (0.2%)	22.77 (0%)	22.91 (-0.2%)	22.79	22.66(0%)	22.73(0.53%)	22.51-22.8	0.2(0.3)	0.8	-0.6%	0.1%	0%	0.14%	0.8%	60	0.6	Downtrend Reversal	Range(-0.5%)	4	1.1	-0.6	Uptrend Consolidation	22.7(-0.12%)	22.68-22.76	15.25	-15.8%-7.4%
23	Oct_26_2020	22.58 (0.2%)	22.75 (0.2%)	22.91 (0%)	22.96	22.79(0%)	22.61(-1.44%)	22.52-22.81	0.2(0.1)	0.5	-0.4%	-0.2%	0%	0.2%	0.8%	63	0.6	Downtrend Reversal	Range(0.1%)	5	0.7	-0.2	Uptrend	22.64(0.12%)	22.59-22.66	17.56	-16.3%-6.8%
24	Oct_23_2020	22.55 (0.2%)	22.82 (0.2%)	22.96 (0.5%)	23.04	22.93(0%)	22.94(-0.09%)	22.7-23.03	0.7(0.7)	0.3	-0.3%	-0%	0%	0.24%	1.2%	54	0.7	Downtrend Reversal	Range(-0.3%)	6	0.5	0.8	Uptrend	22.98(0.16%)	22.87-23.02	18.59	-15%-9.1%
25	Oct_22_2020	22.47 (0%)	22.86 (0.2%)	22.85 (0.3%)	23.01	23.14(0%)	22.96(-1.42%)	22.67-23.09	0.7(0.9)	0.7	0.1%	0.3%	0%	0.22%	1.7%	58	0.7	Growing Uptrend	Range(1.1%)	7	0.5	0.6	Uptrend	22.99(0.15%)	22.87-23.05	19.93	-15%-9.2%
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 Strength	RSI	Momentum	Trend Pattern	Next Direction	C	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low

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