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SilverCrest Metals Price Predictions.
SilverCrest Metals Inc. (SILV) closed at $8.92, showing a strong bullish movement with a 5.81% increase on the last trading day. The stock’s Relative Strength Index (RSI) stands at 61.24, indicating a moderate momentum that is neither overbought nor oversold, making it a potential candidate for continued upward movement.
RSI (14): 61.24 – Neutral, suggesting that the stock has room to move up before hitting overbought territory.
Stochastic %K (14, 3, 3): 71.18 – Neutral, nearing the overbought threshold but still within a safe zone for potential gains.
Commodity Channel Index (CCI 20): 283.96 – Neutral, indicating strong upward momentum.
MACD Level (12, 26): 0.01 – Buy, with a bullish crossover, signaling a potential uptrend.
Momentum (10): 0.38 – Buy, confirming positive momentum.
Exponential Moving Averages (EMA): All short to medium-term EMAs (10, 20, 30, 50) indicate a Buy signal, confirming the bullish trend.
The stock has formed a series of higher highs and higher lows, indicative of a strong uptrend. The recent bullish candle with a significant volume spike suggests strong buying interest. The stock is trading above its key moving averages, which act as support levels.
The alignment of these moving averages supports a bullish outlook, as shorter-term EMAs are above the longer-term SMAs, a classic bull signal.
Immediate Support: $8.33 (Pivot Point)
Strong Support: $7.68 (S1)
Immediate Resistance: $8.81 (R1)
Next Major Resistance: $9.46 (R2)
SilverCrest’s financial performance has shown robust growth, with a notable increase in revenue from the Las Chispas project. The company’s earnings have consistently outperformed estimates, adding to investor confidence.
Analyst ratings are predominantly bullish with a “Strong Buy” consensus. The price target set by analysts ranges from $8.00 to $10.09, with an average target of $8.90, indicating room for potential gains.
Long Position: Initiate a long position if the stock sustains above $8.81 (R1). The next target would be $9.46, followed by $10.09. Set a stop-loss at $8.33 to mitigate risk.
Short Position: Consider shorting if the stock breaks below the $8.33 support level. The first target would be $7.68, with a stop-loss at $8.81 to limit losses.
SilverCrest Metals Inc. exhibits strong bullish momentum with solid technical indicators supporting further upward movement. The balanced RSI and robust financial performance suggest that the stock is well-positioned for a potential bull run. Traders should watch for a breakout above $8.81 for a long entry or a drop below $8.33 for a short opportunity. Given the current market dynamics and technical setup, SILV presents a compelling case for bullish investors looking to capitalize on the next potential rally.
RSI (14): 61.24 – Neutral, suggesting that the stock has room to move up before hitting overbought territory.
Stochastic %K (14, 3, 3): 71.18 – Neutral, nearing the overbought threshold but still within a safe zone for potential gains.
Commodity Channel Index (CCI 20): 283.96 – Neutral, indicating strong upward momentum.
MACD Level (12, 26): 0.01 – Buy, with a bullish crossover, signaling a potential uptrend.
Momentum (10): 0.38 – Buy, confirming positive momentum.
Exponential Moving Averages (EMA): All short to medium-term EMAs (10, 20, 30, 50) indicate a Buy signal, confirming the bullish trend.
The stock has formed a series of higher highs and higher lows, indicative of a strong uptrend. The recent bullish candle with a significant volume spike suggests strong buying interest. The stock is trading above its key moving averages, which act as support levels.
The alignment of these moving averages supports a bullish outlook, as shorter-term EMAs are above the longer-term SMAs, a classic bull signal.
Immediate Support: $8.33 (Pivot Point)
Strong Support: $7.68 (S1)
Immediate Resistance: $8.81 (R1)
Next Major Resistance: $9.46 (R2)
SilverCrest’s financial performance has shown robust growth, with a notable increase in revenue from the Las Chispas project. The company’s earnings have consistently outperformed estimates, adding to investor confidence.
Analyst ratings are predominantly bullish with a “Strong Buy” consensus. The price target set by analysts ranges from $8.00 to $10.09, with an average target of $8.90, indicating room for potential gains.
Long Position: Initiate a long position if the stock sustains above $8.81 (R1). The next target would be $9.46, followed by $10.09. Set a stop-loss at $8.33 to mitigate risk.
Short Position: Consider shorting if the stock breaks below the $8.33 support level. The first target would be $7.68, with a stop-loss at $8.81 to limit losses.
SilverCrest Metals Inc. exhibits strong bullish momentum with solid technical indicators supporting further upward movement. The balanced RSI and robust financial performance suggest that the stock is well-positioned for a potential bull run. Traders should watch for a breakout above $8.81 for a long entry or a drop below $8.33 for a short opportunity. Given the current market dynamics and technical setup, SILV presents a compelling case for bullish investors looking to capitalize on the next potential rally.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.