SMARTFINANCIAL INC (SMBK) Stock Technical Analysis
NYSE:SMBK - New York Stock Exchange, Inc. - US83190L2088 - Common Stock - Currency: USD
Overall SMBK gets a technical rating of 4 out of 10. SMBK has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month SMBK has a been trading in the 32.86 - 37.25 range, which is quite wide. It is currently trading near the lows of this range.
SMBK is part of the Banks industry. There are 393 other stocks in this industry. SMBK outperforms 78% of them.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the yearly performance of all stocks, we notice that SMBK is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
SMBK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SMBK is lagging the market.
Considerably lower volume is observed in the last couple of days.
SMBK has an average technical rating and also 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.
More info and screens
29.38
37.24
3 important support areas can be observed.
- A support zone ranging from 32.63 to 33.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.86 from a horizontal line in the daily time frame.
- Support @29.68 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 33.48 to 33.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @36.08 from a horizontal line in the daily time frame.
- A resistance zone ranging from 36.73 to 36.87. 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 SMBK is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SMBK is down. |
| ChartMill Relative Strength | 75.27 | POSITIVE | SMBK has a high relative strength, it outperformed 75.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SMBK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SMBK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SMBK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.59 | NEUTRAL | The RSI value for SMBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests SMBK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.8 | OVERSOLD | The low Stochastics value suggests SMBK may be oversold. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for SMBK suggests some volalility. |
| Average Directional Index/ADX (14) | 25.15 | POSITIVE | The high ADX value value for SMBK 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)
33.23
+0.29 (+0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.88%
1 Week-0.09%
2 Weeks-6.34%
1 Month-5.6%
3 Month7.92%
6 Month-8.26%
12 Month24.83%
2 Year45.94%
3 Year32.44%
5 Year141.32%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.87
ATR(20)%2.53%
ATR Inc-28%
Range Today0.38
ADR(20)0.81
ADR(20)%2.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.27
Mansfield-0.51
10 Day High35.67
10 Day Low32.86
20 Day High37.25
20 Day Low32.86
52 Week High37.72
52 Week Low26.31
CS1 End33.22
CR1 Start33.48
Volume & EV
DER(3)-2.38%
DER(5)-1.16%
Volume34.50K
Volume Incr-33.18%
Vol(5)37.32K
Vol(50)59.88K