SCHMID GROUP NV (SHMD) Technical Analysis
NASDAQ:SHMD • NL00150021T1
We assign a technical rating of 3 out of 10 to SHMD. Although SHMD is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month SHMD has a been trading in the 5.70 - 10.25 range, which is quite wide. It is currently trading near the lows of this range.
- SHMD is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 80% of 124 stocks in the same industry.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the yearly performance of all stocks, we notice that SHMD is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- 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.
- Volume is considerably higher in the last couple of days.
SHMD has a poor technical rating and the quality of the setup is also 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.
More info and screens
5.90
We found 1 important support area.
- A support zone ranging from 5.96 to 5.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 7.90 to 7.91. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for SHMD is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SHMD is down. |
| ChartMill Relative Strength | 94.47 | POSITIVE | SHMD has a high relative strength, it outperformed 94.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHMD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SHMD is below 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) | 42.38 | NEUTRAL | The RSI value for SHMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests SHMD has a negative trend. |
| Stochastics (14,3) | 12.07 | OVERSOLD | The low Stochastics value suggests SHMD may be oversold. |
| Average True Range in percent/ATR (20) | 18.98 | HIGH VOLATILITY | The high ATR as a percentage value for SHMD suggests high volalility. |
| Average Directional Index/ADX (14) | 22.45 | NEUTRAL | The ADX value for SHMD suggests a possible start of a new trend. |
SHMD Technicals: Chart, Performance Metrics, Trend & Indicators
6.21
-0.17 (-2.66%)
SCHMID GROUP NV / SHMD FAQ
What is the technical rating for SHMD stock?
ChartMill assigns a technical rating of 3 / 10 to SHMD.
What is the trend direction for SHMD stock?
The current trend direction for SCHMID GROUP NV (SHMD) is Bearish.
Can you provide the RSI signal for SCHMID GROUP NV?
SCHMID GROUP NV (SHMD) has an RSI value of 42.3826. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SCHMID GROUP NV?
The short term momentum for SCHMID GROUP NV (SHMD) is negative.
Can you provide the support and resistance levels for SCHMID GROUP NV?
SCHMID GROUP NV (SHMD) has a support level at 5.96 and a resistance level at 7.9. Check the full technical report for our detailed analysis of SHMD support and resistance levels.