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

Silver Lake Resources
+ Share

Silver Lake Resources: Closing price $0.32 is below the SMA(5) @$0.332
Simple Moving Average /
Silver Lake Resources: Closing price $0.32 is below the SMA(5) @$0.332

[BULLISH]: Silver Lake Resources currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -1.5%.

Elders Force Index (-5338) has signalled selling pressure has continued for SLR
Elders Force Index /
Elders Force Index (-5338) has signalled selling pressure has continued for SLR

[BEARISH]: Silver Lake Resources current price has highlighted recent selling pressure. Currently, the Elders Force Index is -5338.

Aroon Oscillator /
Daily trading has confirmed an Aroon strong downtrend (-60) for Silver Lake Resources

[BEARISH]: Silver Lake Resources has a current ARO(25) of -60. This has change -4 points from yesterday.

Bollinger Bands /
Lower Bollinger Band oversold signal had been initiated for Silver Lake Resources

[BULLISH CROSSOVER]: Silver Lake Resources has initiated an oversold signal, highlighting the potential for a short term trend reversal in the upward direction. The current level is 6.93% with a current width of 16.35.

Pivot Points /
[Short]: Limit orders for Silver Lake Resources should be set at $0.314

Silver Lake Resources has broken the first support point ($0.314) [Bearish]. Look for a short limit order entry near this point. Exit price for SLR should be set @$0.307 & short position stoploss for Silver Lake Resources should be set between $0.337 & $0.344

Percentage Volume /
Silver Lake Resources: Percentage Volume Oscillator (-0.1)

[BEARISH]: Silver Lake Resources currently has negative PVO -0.1%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -7.4%.

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Triangular Moving Average /
Silver Lake Resources is in a short term downtrend with the closing price @$0.32

SLR: TMA Current Signal -> (1) 12 Dec: BULLISH (2) 11 Dec: BULLISH (3) 08 Dec: NEUTRAL

Silver Lake Resources: MACD (-0.000300)
MACD /
Silver Lake Resources: MACD (-0.000300)

[BEARISH]: Silver Lake Resources currently has negative MACD of 0.000000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -1.5%.

CMF has negative divergence between price and volume
Chaikin Money Flow /
CMF has negative divergence between price and volume

SLR: Chaikin Oscillator Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: BEARISH (3) 08 Dec: BEARISH

Accumulation / Distribution /
Distribution still active for Silver Lake Resources

[BEARISH]: Silver Lake Resources current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Average Directional Movement /
Silver Lake Resources: Average Directional Index (40.3) has confirmed a strong trend is present

[Trend]: ADX for SLR has confirmed a strong trend is presentSilver Lake Resources has an ATR(14) of 0.015, a DX of 64.27 & an ADX(14) of 40.3

Volume Rate of Change /
Positive VROC confirmation for SLR is a leading indicator for continued price rise

[BULLISH CROSSOVER]: Silver Lake Resources currently has positive volume of change of 91%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -1.5%.

DPO for SLR has confirmed price is currently below the displaced moving average
Detrended Price Oscillator /
DPO for SLR has confirmed price is currently below the displaced moving average

[BEARISH]: Silver Lake Resources currently has a confirmed downtrend. Price is currently below the displaced moving average for SLRCurrently, the return on DPO20 is -1.5%.

Price for SLR has opened stronger than close of the previous trading session
Opening Price /
Price for SLR has opened stronger than close of the previous trading session

SLR: OPEN Current Signal -> (1) 12 Dec: NEUTRAL (2) 11 Dec: NEUTRAL (3) 08 Dec: NEUTRAL

On Balance Volume /
OBV: Distribution still active for Silver Lake Resources

[BEARISH]: Silver Lake Resources current price has highlighted recent distribution. Currently, the OBV is -6.44464e+006.

Medium Trend /
Silver Lake Resources: 2nd timeframe trend Downtrend remains intact

[BEARISH]: Silver Lake Resources has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Nov 20 2017.

Fibonacci Extensions /
The 161.8% Fibonacci extension level for SLR has moved to the lower limit. Stoploss should be positioned @$5.99

Silver Lake Resources has moved below the 161.8% level ($5.31) [Bullish]. Look for a long limit order entry near this point. Exit price for SLR should be set @$4.63 & Stoploss for Silver Lake Resources should be set at $5.99

Silver Lake Resources: Sine Weighted Moving Average(5) (0.332)
Sine Weighted Moving Average /
Silver Lake Resources: Sine Weighted Moving Average(5) (0.332)

[BEARISH]: Silver Lake Resources currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -1.5%.

[Selling Pressure]: ERI has increased for Silver Lake Resources during the last trading session
Elder Ray Index /
[Selling Pressure]: ERI has increased for Silver Lake Resources during the last trading session

[BEARISH]: Silver Lake ResourcesElder Ray Index is signalling a Bearish movementERI is -0.02 indicating bear power. Prices are being driven below the consensus of value for SLR during the last trading session [Selling Pressure]

Silver Lake Resources is in a short term downtrend with the resistance price @$0.32841
Exponential Moving Average /
Silver Lake Resources is in a short term downtrend with the resistance price @$0.32841

[BEARISH]: Silver Lake Resources 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 -1.5%.

MACD Volume /
[Bullish]: Silver Lake Resources currently has positive Volume MACD histogram 36370

[BULLISH]: Silver Lake Resources currently has positive Volume MACD of 36370. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Moving Average Envelope /
Silver Lake Resources: Closing price $0.32 is below the Lower Envelope Band ($0.3325)

[BULLISH]: Silver Lake Resources current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.3325.

Stochastic Oscillator /
Stochastic Oversold signal is still current for Silver Lake Resources [Bullish]

SLR: Stochastic Oscillator Signal -> (1) 12 Dec: BULLISH (2) 11 Dec: BULLISH (3) 08 Dec: BULLISH

Momentum /
Negative momentum: Price is now trading lower for Silver Lake Resources than 5 days ago

SLR: MOM Current Signal -> (1) 12 Dec: BEARISH CROSSOVER (2) 11 Dec: NEUTRAL (3) 08 Dec: NEUTRAL

Silver Lake Resources currently has negative rate of change for -11.111
Rate of Change /
Silver Lake Resources currently has negative rate of change for -11.111

[BEARISH]: Silver Lake Resources currently has negative rate of change of -11.1%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Relative Strength oversold signal continues for Silver Lake Resources indicating upward price movement is likely
Relative Strength Index /
Relative Strength oversold signal continues for Silver Lake Resources indicating upward price movement is likely

[BULLISH]: Silver Lake Resources is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. RSI is currently oversold @26.7442

Percentage Price /
Price percentage oscillator has negative momentum signalling a continuation of the downward price fall for SLR

[BEARISH]: Silver Lake Resources currently has negative PPO -3.200%. This means the current price is losing momentum through a fall on the short term exponential moving average.

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