SIL Global X Silver Miners ETF Forecast, Technical & Fundamental Analysis

SIL in -2.65% downward trend, falling for three consecutive days on September 19, 2023

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SIL declined for three days, in of 316 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

SIL moved below its 50-day moving average on September 19, 2023 date and that indicates a change from an upward trend to a downward trend.

The Aroon Indicator for SIL entered a downward trend on August 30, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 62 cases where SIL's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on September 18, 2023. You may want to consider a long position or call options on SIL as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for SIL just turned positive on September 14, 2023. Looking at past instances where SIL's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SIL advanced for three days, in of 297 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)