The Greedy Trader Weekly Analysis
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Archive
- 9/7/2018
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iShares Silver Trust
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Summary:
Weekly :Broken trend support line - Downtrend exhaustionBroken trend support line - Downtrend exhaustionRelative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range and Lane's Stochastic are oversoldLane's Stochastic and MACD bullish divergenceBullish Doji Candlestick
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It was the negative week for the iShares Silver Trust (SLV). During the week, the SLV dropped -0.33 points, or -2.42%, and closed at 13.32 on Friday, September 07, 2018. Weekly volume was 23% 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 13.17 on September 4, 2018. SLV lost 6.54 points, or 33.18%, in 109 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (13.56) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 support in a long-term trend.

Medium-term trend: [See SLV medium-term trend chart]
A medium-term downtrend had started on September 7, 2017 at 17.14 and reached 13.17 on September 4, 2018. SLV lost 3.97 points, or 23.16%, in 51 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (16.00) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 support in a medium-term trend.

Weekly Technical Indicators: [See SLV weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since June 22, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See SLV short-term trend chart]
A short-term downtrend had started on June 14, 2018 at 16.28 and reached 13.17 on September 4, 2018. SLV lost 3.11 points, or 19.10%, in 82 days. Price is near the trend low.

Daily Technical Indicators: [See SLV daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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

Candlestick pattern: [See SLV candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.45
Williams' Percentage Range (W%R) 88.80
Oversold
Lane's Stochastic (%D-Slow) 15.26
Oversold Bullish
Greed/Fear Indicator (GFI) 18.64
Oversold
Moving Average Converg./Diverg. (MACD) -0.26 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 12.14
Oversold
Williams' Percentage Range (W%R) 95.30
Strong Oversold
Lane's Stochastic (%D-Slow) 10.42
Oversold
Greed/Fear Indicator (GFI) 15.45
Oversold
Moving Average Converg./Diverg. (MACD) -0.33
Trading Signals
Description Value Chart
Monthly Trendline Resistance 15.84
Quarterly Trendline Resistance 14.52
Upper Bollinger Band 14.38
50 Day Moving Average 14.35
Parabolic System 14.01
20 Day Moving Average 13.77
Quarterly Trendline Support 13.56
Weekly Stochastic Crossing 13.37
Daily Stochastic Crossing 13.32
Price 13.32
Lower Bollinger Band 13.21
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 16.28
High Date 06/14/2018
Low 13.17
Low Date 09/04/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 16.35
High Date 04/19/2018
Low 13.17
Low Date 09/04/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 15.84
Support 16.00
High 17.14
High Date 09/07/2017
Low 13.17
Low Date 09/04/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 14.52
Support 13.56
High 19.71
High Date 08/02/2016
Low 13.17
Low Date 09/04/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 13.04
Low Date 12/17/2015
High 19.71
High Date 08/02/2016
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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