Technical analysis from Silver Chef (SIV.AX.AX, ASX:SIV.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Silver Chef
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[Bearish]: TMA(5) is serving as a resistance line for Silver Chef
Triangular Moving Average /
[Bearish]: TMA(5) is serving as a resistance line for Silver Chef

[BEARISH]: Silver Chef currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.1%.

Distribution signal for Silver Chef is confirmed
Accumulation / Distribution /
Distribution signal for Silver Chef is confirmed

[BEARISH CROSSOVER]: Silver Chef current price has highlighted the commencement of distribution and the start of bearish trading conditions.

MACD /
MACD oscillator remains positive for SIV

[BULLISH]: Silver Chef currently has positive MACD of 0.005000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0.7%.

Range Tod Vs Range Yest /
Sellers are still less eager for Silver Chef given the price range is contracting

SIV: Range today versus range yesterday Current Signal ->(1) 11 Jan: BEARISH (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

Camarilla Pivot Points /
Camarilla pivot point for SIV is bearish. Stoploss should be positioned @$8.324

Silver Chef has broken the first Camarilla support point ($6.533) [Bearish]. Look for a short limit order entry near this point. Exit price for SIV should be set @$5.936 & short position stoploss for Silver Chef should be set between $8.324 & $8.921

Simple Moving Average /
Silver Chef is in a short term uptrend with the closing price @$7.13

[BEARISH]: Silver Chef currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.1%.

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Ulcer Index /
Ulcer index has increased in stress level & high drawdown is expected for Silver Chef

SIV: UIC Recent Trading -> (1) 11 Jan: 8.167 (2) 11 Jan: 3.067 (3) 11 Jan: 3.895

The daily battle of control for Silver Chef was won again by the sellers
Close Tod Vs Range Tod /
The daily battle of control for Silver Chef was won again by the sellers

[BEARISH]: Silver Chef sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Silver Chef adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 110 trading days with the closing price in the lower part of the range giving a confirmation ratio of 42.1%. Over the last month there has been 8 trading days with the closing price in the lower range giving a confirmation ratio of 100%. Currently this quarter, closing price has spent 8 days in the lower price range compared to 7 days in the upper range giving a ratio of 1.1x.

[Uptrend]: Recent trading for SIV confirms bullish SWMA(5) signal
Sine Weighted Moving Average /
[Uptrend]: Recent trading for SIV confirms bullish SWMA(5) signal

[BULLISH]: Silver Chef currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.1%.

Low Price /
[Bullish]: Silver Chef has beaten previous low by 0.4 %

[BEARISH]: Silver Chef current uptrend in the first timeframe. Currently, the Low is $7.13 (0.4 %).

Price Range /
Silver Chef: Daily price range is 0.1 [Downtrend]

SIV: Price Range Recent Trading -> (1) 11 Jan: 0.1 (2) 10 Jan: 0.13 (3) 09 Jan: 0.22

Black Marubozu /
SIV Basic Candle: Black Marubozu

[BEARISH]: Silver Chef has formed a Black Marubozu candlestick. This means, SIV has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

[Downtrend]: Recent trading for SIV indicates ST trend is likely to continue
Exponential Moving Average /
[Downtrend]: Recent trading for SIV indicates ST trend is likely to continue

[BEARISH]: Silver Chef currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.1%.

[Downtrend]: Average True Range @0.169 has confirmed an downtrend for SIV
Average True Range /
[Downtrend]: Average True Range @0.169 has confirmed an downtrend for SIV

SIV: Average True Range Recent Trading -> (1) 11 Jan: 0.169 (2) 11 Jan: 0.288 (3) 11 Jan: 0.11

Bear Belt-Hold /
Silver Chef: Bear Belt-Hold

[BEARISH]: Silver Chef has formed a new Bear Belt-Hold reversal pattern.

On Balance Volume /
Silver Chef is being actively distributed based on OBV

[BEARISH]: Silver Chef current price has highlighted recent distribution. Currently, the OBV is -175343.

Woodie Pivot Point /
[Short]: Limit orders for Silver Chef should be set at $7.08

Silver Chef current pivot point (Woodie) is: $7.155. The current resistance levels are: (R1) $7.18: (R2) $7.255The current support levels are: (S1) $7.08: (S2) $7.055

Silver Chef: 2nd timeframe trend Downtrend has been confirmed
Medium Trend /
Silver Chef: 2nd timeframe trend Downtrend has been confirmed

[BEARISH]: Silver Chef is in an downtrend in the medium term timeframe. The current rally number is 2 & the highest rally count for the LTM is 28. The highest rally for the month is 8

Silver Chef: Aroon oscillator (-40) has confirmed a downtrend is present
Aroon Oscillator /
Silver Chef: Aroon oscillator (-40) has confirmed a downtrend is present

SIV: Aroon Oscillator Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BULLISH STRONG (3) 11 Jan: BEARISH STRONG

Average Directional Index for Silver Chef has signalled a strong trend is active
Average Directional Movement /
Average Directional Index for Silver Chef has signalled a strong trend is active

[Trend]: ADX for SIV has confirmed a strong trend is presentSilver Chef has an ATR(14) of 0.169, a DX of 39.26 & an ADX(14) of 32.94

Bill Williams Market Facilitation /
Bill Williams Profanity has signalled a Fake Day for Silver Chef

SIV: BWMF Current Signal -> (1) 11 Jan: Fake Day (2) 11 Jan: Fake Day (3) 11 Jan: Fake Day

Close Tod Vs Close Yest /
The longest consecutive downswing rally over the last 12 months has been 7 days giving a total rally downward movement of -16.3%

[BEARISH]: Silver Chefsellers are keener than buyers and are driving the price down. This is the first day of price decline for SIV adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -1.7 & the greatest daily negative change this year has been -1.7. The longest consecutive downswing rally over the last 12 months has been 7 days giving a total rally downward movement of -16.3%. This quarter, the largest downswing rally has been 1 days giving a total rally downward movement of -1.7%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.9x. Over the last month the average daily downward movement has been -0.6%

Volume Rate of Change /
14-day volume rate of change is decreasing for Silver Chef

[BEARISH]: Silver Chef currently has negative rate of change of -92%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.1%.

Percentage Volume /
Volume is still below the short term EMA for SIV [Bearish]

[BEARISH]: Silver Chef currently has negative PVO -13.7%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0.7%.

Limit order for a short position has been identified for Silver Chef @$0
Fibonacci Extensions /
Limit order for a short position has been identified for Silver Chef @$0

Silver Chef has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for SIV should be set @$0 & short position stoploss for Silver Chef should be set at $0

Limit order for a short position has been identified for Silver Chef [Bearish]
Pivot Points /
Limit order for a short position has been identified for Silver Chef [Bearish]

Silver Chef has broken the first support point ($7.096) [Bearish]. Look for a short limit order entry near this point. Exit price for SIV should be set @$7.063 & short position stoploss for Silver Chef should be set between $7.263 & $7.296

Percentage Price /
PPO has negative momentum signalling commencement of downward price fall for SIV

[BEARISH CROSSOVER]: Silver Chef currently has negative PPO -2.200%. This means the current price is losing momentum through a fall on the short term exponential moving average.

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