Technical Analysis for DSLV - VelocityShares 3x Inverse Silver ETN linked to the S&P GSCI Silver Inverse Index ER

Grade Last Price % Change Price Change
grade F 13.789 -3.30% -0.47
DSLV closed down 2.06 percent on Friday, February 21, 2020, on 1.45 times normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical DSLV trend table...

Date Alert Name Type % Chg
Hammer Candlestick Bullish -3.30%
Lizard Bullish Bullish Day Trade Setup -3.30%
Doji - Bullish? Reversal -3.30%
Lower Bollinger Band Walk Weakness -3.30%
Gapped Down Weakness -3.30%
Lower Bollinger Band Touch Weakness -3.30%
Oversold Stochastic Weakness -3.30%
Narrow Range Bar Range Contraction -5.30%
Lower Bollinger Band Walk Weakness -5.30%
Inside Day Range Contraction -5.30%

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Basic chart:

Profile

The investment seeks to replicate, net of expenses, three times the opposite (inverse) of the S&P GSCI Silver index ER. The index comprises futures contracts on a single commodity. The fluctuations in the values of it are intended generally to correlate with changes in the price of silver in global markets.
Futures Contract Commodity Price Indices S&P Gsci S&P Gsci Crude Oil Er Index Standard & Poor's Commodity Index Commodity Index Fund Silver As An Investment

Is DSLV a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 35.65
52 Week Low 13.23
Average Volume 173,233
200-Day Moving Average 21.07
50-Day Moving Average 16.46
20-Day Moving Average 15.92
10-Day Moving Average 15.66
Average True Range 0.67
ADX 16.59
+DI 19.98
-DI 42.97
Chandelier Exit (Long, 3 ATRs ) 15.22
Chandelier Exit (Short, 3 ATRs ) 15.93
Upper Bollinger Band 17.61
Lower Bollinger Band 14.24
Percent B (%b) 0.01
BandWidth 21.14
MACD Line -0.44
MACD Signal Line -0.23
MACD Histogram -0.2049
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.82
Resistance 3 (R3) 14.76 14.53 14.72
Resistance 2 (R2) 14.53 14.39 14.55 14.69
Resistance 1 (R1) 14.39 14.30 14.28 14.45 14.66
Pivot Point 14.16 14.16 14.10 14.18 14.16
Support 1 (S1) 14.02 14.02 13.91 14.08 13.86
Support 2 (S2) 13.79 13.93 13.81 13.83
Support 3 (S3) 13.65 13.79 13.80
Support 4 (S4) 13.71