SEMR Technical Analysis - SEMRUSH HOLDINGS INC-A

Technical Rating and Analysis

Overall SEMR gets a technical rating of 0 out of 10. SEMR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, SEMR is a bad performer in the overall market: 95% of all stocks are doing better.

SEMR is part of the Software industry. There are 279 other stocks in this industry, of which 82% are performing better than SEMR.

SEMR is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

SEMR has an average volume of 1242860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month SEMR has a been trading in the 7.26 - 8.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SEMRUSH HOLDINGS INC-A / SEMR Weekly stock chart

SEMRUSH HOLDINGS INC-A / SEMR Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, SEMR does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.92. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.30

9.62

When analyzing the support we notice one important area.

A support zone ranging from 7.37 to 7.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

We can see 4 important resistance areas.

Resistance @7.92 from a horizontal line in the daily time frame.
Resistance @8.80 from a trend line in the weekly time frame.
Resistance @9.09 from a trend line in the daily time frame.
Resistance @9.52 from a trend line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for SEMR is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SEMR is down.
ChartMill Relative Strength	5.75	NEGATIVE	SEMR has a low relative strength, it was outperformed by 94.25% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SEMR is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SEMR is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SEMR is below a declining SMA(200).
Relative Strength Index/RSI (14)	47.72	NEUTRAL	The RSI value for SEMR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests SEMR has a positive trend.
Stochastics (14,3)	35.2	NEUTRAL	The Stochastics value for SEMR is a neutral value.
Average True Range in percent/ATR (20)	3.22	MEDIUM VOLATILITY	The ATR as a percentage value for SEMR suggests some volalility.
Average Directional Index/ADX (14)	22.4	NEUTRAL	The ADX value for SEMR suggests a possible start of a new trend.