| SLV latest price $24.1000 (2.16%) ($23.7620 - $24.1200) on Thu. Apr. 15, 2021. |
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| Trend Analysis and Forecast |
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Trend Pattern | Growing Uptrend |
Trend Narrative | Uptrend Reversal |
Average Daily Price Swing | $0.48 (2.05% one month average) |
Average Daily Percentage Swing | 2.21% (three month average) |
Weekly Trend Force | 0.4% (StdDev 2.21%) |
Daily Moving Force | 0.7% |
Correction Force | Weak (0%) |
Hourly Trend Strength | 0.85% |
Trend | 0.16% |
Trend Strength | 0.3% |
Trend Clarity | 0.19(0.4/0.48/23.37) |
RSI | 58 |
Momentum | 0.9 |
Latest Price | $24.1000(2.16%) |
Forecasted Low Price | 23.96(-0.6%) |
Forecasted High Price | 24.51(1.7%) |
Direction of Next Movement | Higher(1.9%) |
% Change Needed to Confirm Correction | 4.1% (23.16) |
% Change Needed for Trend Reversal | 4% |
Hourly Trend | 0.8% [$23.73(0.2), $23.54(0.15)] |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Complacency | 8 |
Intraday Reversal Probability | There's a high probability the price will reverse sharply to downside intraday or next day.. |
Daily Trend | SLV advances 0.4% a day on average for past five trading days. |
Weekly Trend | SLV advances 1.4% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SLV advance at 0.6% a week (92% probability) SHY(92%) GLD(89%) GDXJ(88%) PCY(88%) SIL(88%) |
Factors Impacting SLV price | SLV will advance at least 0.2% in a week (65% probabilities). XLF(-80%) TBT(-77%) VIXM(-55%) UUP(-50%) SDY(-49%) |
Trading Plan | Buy the reversal |
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Valuation to SPY | -0.3 |
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Relative Volatility | -1.5 (options are cheap) |
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Market Trend Strength | 1.2% (StdDev 2.21%) |
Hourly BBV | 1.7 () |
Intraday Trend | 1.3% |
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