The Greedy Trader Weekly Analysis
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Archive
- 12/7/2018
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iShares Silver Trust
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Summary:
Weekly :
Daily :Williams' Percentage Range is overboughtPrice has crossed above the 50 Day Moving AverageThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the iShares Silver Trust (SLV). During the week, the SLV gained 0.41 points, or 3.08%, and closed at 13.73 on Friday, December 07, 2018. Weekly volume was 11% above 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 trend support level is at 13.37 and resistance is at 13.92. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.

Medium-term trend: [See SLV medium-term trend chart]
A medium-term downtrend had started on October 2, 2018 at 14.02 and reached 13.11 on November 13, 2018. SLV lost 0.91 points, or 6.49%, in 6 weeks. The price is now at the 68.13% 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. The distance between MACD and the signal line is low, but getting bigger. 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 November 13, 2018 at 13.11 and reached 13.77 on December 4, 2018. SLV gained -0.66 points, or -5.03%, in 21 days. The chart has formed a Falling Pennant chart pattern.

Daily Technical Indicators: [See SLV daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. 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 Williams' Percentage Range help.

The daily MACD line is above its signal line since November 29, 2018. This is an indication that the short-term trend is up.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.15
Williams' Percentage Range (W%R) 19.70
Overbought
Lane's Stochastic (%D-Slow) 64.82
Greed/Fear Indicator (GFI) 68.76
Moving Average Converg./Diverg. (MACD) -0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.64
Williams' Percentage Range (W%R) 66.70
Lane's Stochastic (%D-Slow) 43.00
Greed/Fear Indicator (GFI) 43.06
Moving Average Converg./Diverg. (MACD) -0.46
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 13.92
Upper Bollinger Band 13.81
Price 13.73
Daily Stochastic Crossing 13.63
50 Day Moving Average 13.59
20 Day Moving Average 13.44
Weekly Stochastic Crossing 13.43
Quarterly Trendline Support 13.37
Parabolic System 13.25
Lower Bollinger Band 13.21
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Low 13.11
Low Date 11/13/2018
High 13.77
High Date 12/04/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 14.02
High Date 10/02/2018
Low 13.11
Low Date 11/13/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 17.14
High Date 09/07/2017
Low 13.11
Low Date 09/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 13.92
Support 13.37
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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