The Greedy Trader Weekly Analysis
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Archive
- 3/15/2019
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iShares Silver Trust
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Summary:
Weekly :Broken trend resistance line
Daily :Stochastic signal line moved above oversold areaA Parabolic SAR indicator is below and near the price
Move cursor over the icon to see details.

It was the negative week for the iShares Silver Trust (SLV). During the week, the SLV gave back -0.08 points, or -0.56%, and closed at 14.33 on Friday, March 15, 2019. Weekly volume was -22% below average.

Long-term trend: [See SLV long-term trend chart]
A long-term downtrend had started on August 2, 2016 at 19.71 and reached 13.11 on September 11, 2018. SLV lost 6.60 points, or 33.49%, in 110 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (12.62) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See SLV medium-term trend chart]
A medium-term uptrend had started on September 11, 2018 at 13.11 and reached 15.21 on February 20, 2019. SLV gained -2.10 points, or -16.02%, in 23 weeks. The price is now at the 41.90% retracement level.

Weekly Technical Indicators: [See SLV weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since October 19, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See SLV short-term trend chart]
A short-term uptrend had started on March 7, 2019 at 14.05 and reached 14.55 on March 13, 2019. SLV gained -0.50 points, or -3.56%, in 6 days. The price is now at the 44.00% retracement level.

Daily Technical Indicators: [See SLV daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since February 22, 2019. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (14.4) comes close to the price (14.33). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.59
Williams' Percentage Range (W%R) 70.70
Lane's Stochastic (%D-Slow) 57.29
Greed/Fear Indicator (GFI) 40.40
Moving Average Converg./Diverg. (MACD) -0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.26
Williams' Percentage Range (W%R) 39.00
Lane's Stochastic (%D-Slow) 50.54
Greed/Fear Indicator (GFI) 55.27
Moving Average Converg./Diverg. (MACD) 0.02
Trading Signals
Description Value Chart
Upper Bollinger Band 15.12
50 Day Moving Average 14.64
Weekly Stochastic Crossing 14.58
20 Day Moving Average 14.55
Parabolic System 14.40
Daily Stochastic Crossing 14.36
Price 14.33
Lower Bollinger Band 13.83
Quarterly Trendline Resistance 13.29
Quarterly Trendline Support 12.62
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 14.05
Low Date 03/07/2019
High 14.55
High Date 03/13/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 15.21
High Date 02/20/2019
Low 14.05
Low Date 03/07/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 13.11
Low Date 09/11/2018
High 15.21
High Date 02/20/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 13.29
Support 12.62
High 19.71
High Date 08/02/2016
Low 13.11
Low Date 09/11/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 48.35
High Date 04/28/2011
Low 13.04
Low Date 12/17/2015
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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