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SILV Stock Tickeron detected bullish Stock Pattern: Cup-and-Handle SILV on December 02, 2024, netting in a 12.42% gain over 2 weeks

A.I.dvisor
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+12.42% Gain from a Successful pattern Cup-and-Handle
SILV - SilverCrest Metals
Tickeron
Ticker: SILV
Company: SilverCrest Metals
Gain: +12.42%
Confirmed: 12/02/24
Succeeded: 12/09/24
Total length: 14 days
On November 25, 2024, A.I.dvisor detected a Cup-and-Handle Pattern (Bullish) for SilverCrest Metals (SILV, $9.90). On December 02, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $11.26. 7 days later, on December 09, 2024, SILV reached the target price resulting in a +1 for traders who took a long position in the stock.

SILV sees MACD Histogram crosses below signal line

SILV saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 16, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 47 instances where the indicator turned negative. In of the 47 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SILV as a result. In of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

SILV moved below its 50-day moving average on December 16, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SILV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SILV broke above its upper Bollinger Band on December 11, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

The 10-day moving average for SILV crossed bullishly above the 50-day moving average on November 27, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 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 .

The Aroon Indicator entered an Uptrend today. In of 247 cases where SILV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SILV’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock slightly better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.487) is normal, around the industry mean (7.258). P/E Ratio (8.620) is within average values for comparable stocks, (82.887). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (8.405). SILV has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (4.098) is also within normal values, averaging (140.038).

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SILV
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A.I. Advisor
published General Information

General Information

a company which focuses on exploration, acquisition and development of the properties and precious metals discoveries

Industry PreciousMetals

Profile
Fundamentals
Details
Industry
Precious Metals
Address
570 Granville Street
Phone
+1 604 694-1730
Employees
20
Web
https://www.silvercrestmetals.com