SMARTSHEET INC-CLASS A (SMAR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SMAR - US83200N1037 - Common Stock
Taking everything into account, SMAR scores 7 out of 10 in our technical rating. Although SMAR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
SMAR has an excellent technical rating, but 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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37.47
2 important support areas can be observed.
- A support zone ranging from 55.70 to 56.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.85 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 56.51 to 56.52. 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 | UP | POSITIVE | The long term trend for SMAR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMAR is up. |
| ChartMill Relative Strength | 70.82 | POSITIVE | SMAR has a high relative strength, it outperformed 70.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SMAR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SMAR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SMAR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.96 | NEUTRAL | The RSI value for SMAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SMAR has a positive trend. |
| Stochastics (14,3) | 87.58 | OVERBOUGHT | The high Stochastics value suggests SMAR may be overbought. |
| Average True Range in percent/ATR (20) | 0.2 | LOW VOLATILITY | The low ATR as a percentage value for SMAR suggests low volalility. |
| Average Directional Index/ADX (14) | 42.51 | POSITIVE | The high ADX value value for SMAR 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 |
|---|---|---|---|
| 56.53 | 56.06 | 0.47 (0.83%) | 25.00% |
| An entry @56.53. This is a Buy Stop order right above the resistance zone. | An exit @56.06. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.47 points, which is 0.83%. | For a 0.21% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
56.47
+0.01 (+0.02%)
SMARTSHEET INC-CLASS A / SMAR FAQ
What is the technical rating for SMAR stock?
ChartMill assigns a technical rating of 7 / 10 to SMAR.
What is the trend direction for SMAR stock?
The current trend direction for SMARTSHEET INC-CLASS A (SMAR) is Bullish.
Can you provide the RSI signal for SMARTSHEET INC-CLASS A?
SMARTSHEET INC-CLASS A (SMAR) has an RSI value of 69.9579. This indicates that the stock is currently neutral.
What is the short term momentum for SMARTSHEET INC-CLASS A (SMAR) stock?
The short term momentum for SMARTSHEET INC-CLASS A (SMAR) is positive.
What is the buy/sell signal for SMARTSHEET INC-CLASS A (SMAR) stock?
The buy/sell signal for SMARTSHEET INC-CLASS A (SMAR) is buy as both the short term and long term trends are positive.