SLVP iShares MSCI Global Silver&Mtls Mnrs ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for SLVP turns positive, indicating new upward trend
SLVP saw its Momentum Indicator move above the 0 level on November 14, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 82 similar instances where the indicator turned positive. In of the 82 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for SLVP just turned positive on November 15, 2023. Looking at past instances where SLVP's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
SLVP moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for SLVP crossed bullishly above the 50-day moving average on November 21, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 SLVP advanced for three days, in of 305 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for SLVP moved out of overbought territory on December 05, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 similar instances where the indicator moved out of overbought territory. In of the 33 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 69 cases where SLVP's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SLVP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category PreciousMetals
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| TRVPX | 15.75 | -0.01 | -0.06% |
| TIAA-CREF Mid-Cap Value Premier | |||
| HHCZX | 15.79 | -0.01 | -0.06% |
| NexPoint Event Driven Z | |||
| CBALX | 46.54 | -0.04 | -0.09% |
| Columbia Balanced Inst | |||
| ECDIX | 15.18 | -0.02 | -0.13% |
| Eaton Vance Tax-Managed Global Div Inc C | |||
| ILVDX | 13.95 | -0.04 | -0.29% |
| Columbia Integrated Large Cap Val R | |||
SLVP and
Correlation & Price change
A.I.dvisor indicates that over the last year, SLVP has been closely correlated with SILJ. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if SLVP jumps, then SILJ could also see price increases.
| Ticker / NAME | Correlation To SLVP | 1D Price Change % | ||
|---|---|---|---|---|
| SLVP | 100% | -0.40% | ||
| SILJ - SLVP | 95% Closely correlated | -0.31% | ||
| SIL - SLVP | 95% Closely correlated | -0.11% | ||
| GDXJ - SLVP | 94% Closely correlated | -0.16% | ||
| GDX - SLVP | 91% Closely correlated | -0.20% | ||
| RING - SLVP | 90% Closely correlated | N/A | ||
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