SMARTSHEET INC-CLASS A (SMAR) Technical Analysis
NYSE:SMAR • US83200N1037
Current stock price
SMAR Technical Rating and Analysis
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 part of the Software industry. There are 272 other stocks in this industry. SMAR outperforms 86% of them.
- SMAR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with 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.
- 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.
SMAR Weekly and Daily overview Charts
SMAR Setup Rating and Analysis
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.
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SMAR Support and Resistance Analysis
37.47
We found 2 important support areas.
- 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.
SMAR Technical Indicator Signal Analysis
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. |
SMAR Chart- and CandleStick Pattern Analysis
SMAR Example Setup
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%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.21%. |
- 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.
SMAR Technicals: Chart, Performance Metrics, Trend & Indicators
56.47
+0.01 (+0.02%)
SMARTSHEET INC-CLASS A / SMAR TA FAQ
What is the technical rating for SMAR stock?
ChartMill assigns a technical rating of 7 / 10 to SMAR.
Can you provide the trend direction for SMARTSHEET INC-CLASS A?
The current trend direction for SMARTSHEET INC-CLASS A (SMAR) is Bullish.
What is the RSI signal for SMAR stock?
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 SMAR stock?
The short term momentum for SMARTSHEET INC-CLASS A (SMAR) is positive.
Can you provide the support and resistance levels for SMARTSHEET INC-CLASS A?
SMARTSHEET INC-CLASS A (SMAR) has a support level at 56.31 and a resistance level at 56.51. Check the full technical report for our detailed analysis of SMAR support and resistance levels.