The Greedy Trader Weekly Analysis
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Archive
- 7/6/2018
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iShares Silver Trust
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Summary:
Weekly :Broken trend support line - Downtrend exhaustionWilliams' Percentage Range is oversold
Daily :Williams' Percentage Range is oversoldStochastic 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 -0.07 points, or -0.46%, and closed at 15.08 on Friday, July 06, 2018. Weekly volume was -19% below average.

Long-term trend: [See SLV long-term trend chart]
A long-term downtrend had started on September 7, 2017 at 17.14 and reached 14.74 on December 12, 2017. SLV lost 2.40 points, or 14.00%, in 13 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (15.70) 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 April 19, 2018 at 16.35 and reached 14.84 on July 2, 2018. SLV lost 1.51 points, or 9.24%, in 10 weeks. The price is now at the 15.89% retracement level.

Weekly Technical Indicators: [See SLV weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 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 low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 14.84 on July 2, 2018. SLV lost 1.44 points, or 8.85%, in 18 days. The price is now at the 16.67% retracement level.

Daily Technical Indicators: [See SLV daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since June 18, 2018. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (15.11) comes close to the price (15.08). 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) 31.16
Williams' Percentage Range (W%R) 84.70
Oversold
Lane's Stochastic (%D-Slow) 29.90
Greed/Fear Indicator (GFI) 25.45
Moving Average Converg./Diverg. (MACD) -0.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.25
Williams' Percentage Range (W%R) 85.40
Oversold
Lane's Stochastic (%D-Slow) 32.19
Greed/Fear Indicator (GFI) 30.78
Moving Average Converg./Diverg. (MACD) -0.09
Trading Signals
Description Value Chart
Monthly Trendline Resistance 16.07
Upper Bollinger Band 16.03
Monthly Trendline Support 15.70
50 Day Moving Average 15.48
20 Day Moving Average 15.43
Weekly Stochastic Crossing 15.29
Parabolic System 15.11
Price 15.08
Daily Stochastic Crossing 15.00
Lower Bollinger Band 14.60
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 14.84
Low Date 07/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 16.35
High Date 04/19/2018
Low 14.84
Low Date 07/02/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 16.07
Support 15.70
High 17.14
High Date 09/07/2017
Low 14.74
Low Date 12/12/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 19.71
High Date 08/02/2016
Low 14.44
Low Date 07/10/2017
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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