SLVMF in downward trend: 10-day moving average moved below 50-day moving average on December 11, 2024
The 10-day moving average for SLVMF crossed bearishly below the 50-day moving average on December 11, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on November 20, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SLVMF as a result. In of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SLVMF turned negative on November 22, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 55 similar instances when the indicator turned negative. In of the 55 cases the stock turned lower in the days that followed. This puts the odds of success at .
SLVMF moved below its 50-day moving average on December 05, 2024 date and that indicates a change from an upward trend to a downward trend.
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 17 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
SLVMF may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
SLVMF and Stocks
Correlation & Price change
A.I.dvisor tells us that SLVMF and SBMCF have been poorly correlated (+30% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that SLVMF and SBMCF's prices will move in lockstep.
| Ticker / NAME | Correlation To SLVMF | 1D Price Change % | ||
|---|---|---|---|---|
| SLVMF | 100% | N/A | ||
| SBMCF - SLVMF | 30% Poorly correlated | -15.22% | ||
| AUMBF - SLVMF | 30% Poorly correlated | +0.82% | ||
| CELTF - SLVMF | 26% Poorly correlated | N/A | ||
| LNCLF - SLVMF | 22% Poorly correlated | N/A | ||
| CRTIF - SLVMF | 22% Poorly correlated | N/A | ||
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Groups containing SLVMF
Correlation & Price change
| Ticker / NAME | Correlation To SLVMF | 1D Price Change % |
|---|---|---|
| SLVMF | 100% | N/A |
| Process Industries category (423 stocks) | 3% Poorly correlated | -1.30% |