SM ENERGY CO (SM)       36.31  +1.01 (+2.86%)

36.31  +1.01 (+2.86%)

US78454L1008 - Common Stock - After market: 36.1901 -0.12 (-0.33%)

Technical Rating

We assign a technical rating of 5 out of 10 to SM. In the last year, SM was one of the better performers, but we do observe some doubts in the very recent evolution.



The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
SM is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 82% of 406 stocks in the same industry.
SM is currently trading in the upper part of its 52 week range. This is a good signal, certainly because the S&P500 Index is currently trading in the lower part of its 52 week range.
In the last month SM has a been trading in the 32.12 - 41.11 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SM has an average volume of 2405080. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SM is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by SM over the past year are nicely spread over this period. However, this overall performance is mostly based on the strong move around 7 months ago.

Statistics

1 Month 3 Months 6 Months 12 Months -11.09% 6.01% 20.23% 108.80% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 98.44 14.79 - 43.69
SM Weekly chart
SM Daily chart

Support/Resistance Analysis


27.17

42.90
We found 3 important support areas.
  • Support @35.29 from a horizontal line in the weekly time frame.
  • A support zone ranging from 33.13 to 33.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @27.44 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
  • A resistance zone ranging from 38.33 to 38.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @39.79 from a horizontal line in the daily time frame.
  • Resistance @42.48 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

Although the technical rating is only medium, SM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 38.4. Right above this resistance zone may be a good entry point.


SM Daily chart

SM ENERGY CO36.31

NYSE:SM (5/16/2022, 3:24:02 PM)+1.01 (+2.86%)

After market: 36.1901 -0.12 (-0.33%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels
Performance
Today 2.86% 1 Week 7.39%
2 Weeks 5% 1 Month -11.09%
3 Month 6.01% 6 Month 20.23%
Volatility
ATR(14) 2.77 ATR(20)% 7.16%
ATR Inc -19.62% Range Today 1.5
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 98.44 Mansfield 3.51
10 Day High 40.27 10 Day Low 32.12
20 Day High 41.11 20 Day Low 32.12
52 Week High 43.69 52 Week Low 14.79
CS1 End 35.29 CR1 Start 38.4
Volume & EV
DER(3) -0.06% DER(5) 0.35%
Volume 1.36M Volume Incr -11.92%
Vol(5) 2.09M Vol(50) 2.41M

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