Averages with a technical buy signal

The share price of Canadian silver company Silver Storm Mining (TSXV SVRS / WKN A3EWAU / FRA SVR) reached its six-month high of 0.16 Canadian dollars in December – apart from a single peak in November – and has been moving downwards in the blue downtrend channel ever since. The downward movement was halted at the end of February by the massive gray support line (formed in October and November). A strong countermovement began here, which led the share price – particularly in April – to the current price of CAD 0.145 with high turnover. The upper line of the trend channel and both average lines were easily and clearly overcome.

The 100-day line began its rise before Christmas, and fortunately the 200-day line has now also followed it upwards in the past two days (purple arrow). Equally positive is the fact that the 100-day line rose above the 200-day line at the beginning of March – a technical buy signal.

The indicators shown are also signaling positive signs. At the end of March, for example, the MACD generated a technical buy signal when the blue line crossed above the red line. Shortly afterwards, the trend confirming indicator managed to move back above the neutral 100 into positive territory – where it is currently continuing to rise. The overbought/oversold indicator entered the overbought zone at three points in time with values above 2.0, but was able to quickly reduce this again this time and is clearly in positive territory at 1.0, but is currently not to be seen as overheated. The Chaikin Money Flow indicated an outflow of capital from the share when the price remained in the downward trend channel due to its course in the red zone. This tendency decreased over the course of the last few months (expansion into the red zone decreased) and was able to indicate a change in trend two weeks ago – the trend in the green zone currently indicates an inflow of capital.

Source: Comdirect

Disclaimer: GOLDINVEST Consulting GmbH offers editors, agencies and companies the opportunity to publish comments, analyses and news on http://www.goldinvest.de. This content is intended solely for the information of readers and does not represent any kind of call to action; neither explicitly nor implicitly are they to be understood as a guarantee of any price developments. Furthermore, it is in no way a substitute for individual expert investment advice and does not constitute an offer to sell the share(s) in question or a solicitation to buy or sell securities. This is expressly not a financial analysis, but an advertising text. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between GOLDINVEST Consulting GmbH and its readers or the users of its offers, as our information relates only to the company mentioned and not to the reader’s investment decision.

The acquisition of securities involves high risks that can lead to the total loss of the capital invested, particularly in the case of small-cap companies with a narrow market, which are frequently reported on Goldinvest.de. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research, but any liability for financial losses or the guarantee of the topicality, correctness, appropriateness and completeness of the content of the articles offered here is expressly excluded. Please also note our terms of use.

According to §34b WpHG and §48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and/or partners, clients or employees of GOLDINVEST Consulting GmbH hold shares of Silver Storm Mining and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares in the company at any time, which may influence the company’s share price. In addition, there is a contractual relationship between Silver Storm Mining and GOLDINVEST Consulting GmbH, which involves GOLDINVEST Consulting GmbH reporting on Silver Storm Mining. This is another clear conflict of interest.

Latest News

Latest Videos