SHMD Technical Analysis - SCHMID GROUP NV

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to SHMD. Recently some decent action could be observed, but in the medium term time frame this is still negative. SHMD was also a bad performer in the overall market in the last year.

77% of all other stocks performed better in the past year than SHMD.

SHMD is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, of which 68% are performing better than SHMD.

Warning: SHMD has an average volume of 29130 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

SHMD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SHMD is lagging the market.

In the last month SHMD has a been trading in the 2.00 - 3.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SCHMID GROUP NV / SHMD Weekly stock chart

SCHMID GROUP NV / SHMD Daily stock chart

Setup Rating and Analysis

SHMD has an average technical rating and also the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.09

3.60

We found 1 important support area.

A support zone ranging from 2.11 to 2.11. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 3.25 to 3.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @3.56 from a trend line in the weekly time frame.

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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	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	23.19	NEGATIVE	SHMD has a low relative strength, it was outperformed by 76.81% 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)	DOWN	MIXED	The current price of SHMD is above a declining SMA(200).
Relative Strength Index/RSI (14)	56.12	NEUTRAL	The RSI value for SHMD is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests SHMD has a positive trend, although the MACD value is declining.
Stochastics (14,3)	58.9	NEUTRAL	The Stochastics value for SHMD is a neutral value.
Average True Range in percent/ATR (20)	11.42	HIGH VOLATILITY	The high ATR as a percentage value for SHMD suggests high volalility.
Average Directional Index/ADX (14)	25.16	POSITIVE	The high ADX value value for SHMD suggests a strong trend.