SM ENERGY CO (SM)       32.13  -0.02 (-0.06%)

32.13  -0.02 (-0.06%)

US78454L1008 - Common Stock - After market: 32 -0.13 (-0.4%)

Technical Rating

1

We assign a technical rating of 1 out of 10 to SM. SM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.



SM has an average volume of 1601220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SM has a been trading in the 29.61 - 34.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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, SM is a bad performer in the overall market: 87% of all stocks are doing better.
SM is part of the Oil, Gas & Consumable Fuels industry. There are 389 other stocks in this industry, of which 83% are performing better than SM.
SM is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 8.07% -30.29% -15.67% -11.71% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 13.12 29.27 - 54.97
SM Weekly chart
SM Daily chart

Support/Resistance Analysis


29.43

46.40
2 important support areas can be observed.
  • A support zone ranging from 30.36 to 30.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 29.73 to 29.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
  • A resistance zone ranging from 32.57 to 33.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @34.03 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 44.69 to 45.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @45.94 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

8

Although the technical rating is bad, SM does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 30.54, a Stop Loss order could be placed below this zone.


SM Daily chart

SM ENERGY CO32.13

NYSE:SM (2/3/2023, 7:08:15 PM)-0.02 (-0.06%)

After market: 32 -0.13 (-0.4%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels

Performance
Today -0.06% 1 Week -3.08%
2 Weeks -3.37% 1 Month 8.07%
3 Month -30.29% 6 Month -15.67%

Volatility
ATR(14) 1.32 ATR(20)% 3.97%
ATR Inc 16.85% Range Today 1.31

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 13.12 Mansfield -2.04
10 Day High 34.27 10 Day Low 30.92
20 Day High 34.61 20 Day Low 29.62
52 Week High 54.97 52 Week Low 29.27
CS1 End 30.54 CR1 Start 32.57

Volume & EV
DER(3) -0.05% DER(5) 0.52%
Volume 1.58M Volume Incr -15.63%
Vol(5) 1.37M Vol(50) 1.60M

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