SCHMID GROUP NV (SHMD) Stock Technical Analysis
USA - NASDAQ:SHMD - NL00150021T1 - Common Stock
Overall SHMD gets a technical rating of 8 out of 10. SHMD has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Besides having an excellent technical rating, SHMD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.13. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for SHMD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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2.10
3 important support areas can be observed.
- Support @3.82 from a horizontal line in the daily time frame.
- Support @2.77 from a trend line in the daily time frame.
- A support zone ranging from 2.12 to 2.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.13 to 4.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for SHMD is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHMD is up. |
| ChartMill Relative Strength | 89.49 | POSITIVE | SHMD has a high relative strength, it outperformed 89.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHMD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHMD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHMD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.86 | NEUTRAL | The RSI value for SHMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests SHMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.4 | NEUTRAL | The Stochastics value for SHMD is a neutral value. |
| Average True Range in percent/ATR (20) | 14.95 | HIGH VOLATILITY | The high ATR as a percentage value for SHMD suggests high volalility. |
| Average Directional Index/ADX (14) | 34.69 | POSITIVE | The high ADX value value for SHMD suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.18 | 3.81 | 0.37 (8.85%) | 11.30% |
| An entry @4.18. This is a Buy Stop order right above the resistance zone. | An exit @3.81. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.37 points, which is 8.85%. | When investing 11.30% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SHMD. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3.9
+0.07 (+1.83%)
SCHMID GROUP NV / SHMD FAQ
What is the technical rating for SHMD stock?
ChartMill assigns a technical rating of 8 / 10 to SHMD.
What is the current trend direction of SCHMID GROUP NV (SHMD) stock?
The current trend direction for SCHMID GROUP NV (SHMD) is Bearish.
What is the RSI signal for SHMD stock?
SCHMID GROUP NV (SHMD) has an RSI value of 62.8618. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SCHMID GROUP NV?
The MACD indicator for SCHMID GROUP NV (SHMD) has a value of 0.0758575, indicating a bearish trend.