SMARTSHEET INC-CLASS A (SMAR) Stock Technical Analysis
NYSE:SMAR - New York Stock Exchange, Inc. - US83200N1037 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to SMAR. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SMAR is only an average performer.
The long and short term trends are both positive. This is looking good!
SMAR is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SMAR is leading the market.
SMAR has an average volume of 3260360 traded shares per day. 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 SMAR is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
SMAR is part of the Software industry. There are 283 other stocks in this industry, SMAR did better than 57% of them.
In the last month SMAR has a been trading in a tight range between 55.93 and 56.50.
Volume is considerably higher in the last couple of days.
Although SMAR has an excellent technical rating, the quality of the presented setup is not ideal 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
37.47
57.09
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.
We found 1 important resistance 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 worst case loss on the trade is limited to 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.02%
1 Week0.25%
2 Weeks0.48%
1 Month0.91%
3 Month-0.07%
6 Month16.67%
12 Month23.43%
2 Year30.69%
3 Year-9.24%
5 Year16.48%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%0.2%
ATR Inc-5.23%
Range Today0.03
ADR(20)0.1
ADR(20)%0.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.82
Mansfield0.87
10 Day High56.5
10 Day Low56.07
20 Day High56.5
20 Day Low55.93
52 Week High56.55
52 Week Low35.52
CS1 End56.31
CR1 Start56.51
Volume & EV
DER(3)-0.13%
DER(5)0.52%
Volume17.56M
Volume Incr147.22%
Vol(5)7.48M
Vol(50)3.26M