SMITH DOUGLAS HOMES CORP (SDHC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SDHC - US83207R1077 - Common Stock
Taking everything into account, SDHC scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SDHC is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- SDHC is part of the Household Durables industry. There are 60 other stocks in this industry. SDHC outperforms 72% of them.
- In the last month SDHC has a been trading in the 16.54 - 22.50 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, SDHC turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
- SDHC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SDHC is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SDHC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
16.70
We found 3 important support areas.
- Support @20.16 from a horizontal line in the daily time frame.
- Support @17.20 from a trend line in the weekly time frame.
- Support @16.87 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @22.16 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 22.59 to 22.59. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SDHC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SDHC is up. |
| ChartMill Relative Strength | 52.7 | NEUTRAL | SDHC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SDHC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SDHC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SDHC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.33 | NEUTRAL | The RSI value for SDHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests SDHC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.11 | OVERBOUGHT | The high Stochastics value suggests SDHC may be overbought. |
| Average True Range in percent/ATR (20) | 5.23 | HIGH VOLATILITY | The high ATR as a percentage value for SDHC suggests high volalility. |
| Average Directional Index/ADX (14) | 28.5 | POSITIVE | The high ADX value value for SDHC suggests a strong trend. |
21
+0.1 (+0.48%)
SMITH DOUGLAS HOMES CORP / SDHC FAQ
Can you provide the ChartMill technical rating for SMITH DOUGLAS HOMES CORP?
ChartMill assigns a technical rating of 8 / 10 to SDHC.
What is the current trend direction of SMITH DOUGLAS HOMES CORP (SDHC) stock?
The current trend direction for SMITH DOUGLAS HOMES CORP (SDHC) is Bullish.
What is the RSI signal for SDHC stock?
SMITH DOUGLAS HOMES CORP (SDHC) has an RSI value of 60.3344. This indicates that the stock is currently neutral.
What is the buy/sell signal for SDHC stock?
The buy/sell signal for SMITH DOUGLAS HOMES CORP (SDHC) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for SMITH DOUGLAS HOMES CORP (SDHC) stock?
SMITH DOUGLAS HOMES CORP (SDHC) has a support level at 20.16 and a resistance level at 22.16. Check the full technical report for our detailed analysis of SDHC support and resistance levels.