GRANITESHARES 2X L SMCI ETF (SMCL) Technical Analysis
NASDAQ:SMCL • US38747R6606
Current stock price
SMCL Technical Rating and Analysis
Overall SMCL gets a technical rating of 0 out of 10. SMCL'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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 98% of all other stocks performed better in the past year than SMCL.
- SMCL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- SMCL has an average volume of 13003100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month SMCL has a been trading in the 1.29 - 4.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SMCL Weekly and Daily overview Charts
SMCL Setup Rating and Analysis
The technical rating of SMCL is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
SMCL Support and Resistance Analysis
1.52
We found 1 important support area.
- Support @1.54 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @4.48 from a trend line in the daily time frame.
SMCL 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 | DOWN | NEGATIVE | The long term trend for SMCL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SMCL is down. |
| ChartMill Relative Strength | 2.53 | NEGATIVE | SMCL has a low relative strength, it was outperformed by 97.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SMCL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SMCL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SMCL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.08 | NEUTRAL | The RSI value for SMCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests SMCL has a positive trend. |
| Stochastics (14,3) | 94.8 | OVERBOUGHT | The high Stochastics value suggests SMCL may be overbought. |
| Average True Range in percent/ATR (20) | 16.39 | HIGH VOLATILITY | The high ATR as a percentage value for SMCL suggests high volalility. |
| Average Directional Index/ADX (14) | 25.84 | POSITIVE | The high ADX value value for SMCL suggests a strong trend. |
SMCL Chart- and CandleStick Pattern Analysis
SMCL Technicals: Chart, Performance Metrics, Trend & Indicators
2.385
+0.21 (+9.91%)
GRANITESHARES 2X L SMCI ETF / SMCL TA FAQ
What is the ChartMill technical rating of GRANITESHARES 2X L SMCI ETF (SMCL) stock?
ChartMill assigns a technical rating of 0 / 10 to SMCL.
What is the trend direction for SMCL stock?
The current trend direction for GRANITESHARES 2X L SMCI ETF (SMCL) is Bearish.
What is the RSI signal for GRANITESHARES 2X L SMCI ETF (SMCL) stock?
GRANITESHARES 2X L SMCI ETF (SMCL) has an RSI value of 46.0817. This indicates that the stock is currently neutral.
What is the short term momentum for SMCL stock?
The short term momentum for GRANITESHARES 2X L SMCI ETF (SMCL) is negative.
What are the support and resistance levels for GRANITESHARES 2X L SMCI ETF (SMCL) stock?
GRANITESHARES 2X L SMCI ETF (SMCL) has a support level at 1.54 and a resistance level at 4.48. Check the full technical report for our detailed analysis of SMCL support and resistance levels.