GRANITESHARES 2X L SMCI ETF (SMCL) Stock Technical Analysis
NASDAQ:SMCL - Nasdaq - US38747R6606 - ETF - Currency: USD
Taking everything into account, SMCL scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SMCL is a bad performer.
100% of all other stocks performed better in the past year than SMCL.
The long and short term trends are both positive. This is looking good!
In the last month SMCL has a been trading in the 12.94 - 19.38 range, which is quite wide. It is currently trading near the high of this range.
SMCL has an average volume of 1694100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SMCL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
12.92
18.70
When analyzing the support we can see 2 important areas.
- Support @13.98 from a trend line in the daily time frame.
- Support @13.05 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @17.96 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 18.45 to 18.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 SMCL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMCL is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SMCL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SMCL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SMCL is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 58.23 | NEUTRAL | The RSI value for SMCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests SMCL has a positive trend. |
| Stochastics (14,3) | 74.22 | NEUTRAL | The Stochastics value for SMCL is a neutral value. |
| Average True Range in percent/ATR (20) | 9.65 | HIGH VOLATILITY | The high ATR as a percentage value for SMCL suggests high volalility. |
| Average Directional Index/ADX (14) | 15.16 | NEGATIVE | The low ADX value for SMCL suggests a weak or negative 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)
17.95
+1.02 (+6.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg6.02%
1 Week7.68%
2 Weeks22.28%
1 Month18.56%
3 Month103.28%
6 Month2.74%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.89
ATR(20)%9.65%
ATR Inc-10.55%
Range Today1.25
ADR(20)1.54
ADR(20)%8.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High19.38
10 Day Low12.94
20 Day High19.38
20 Day Low12.94
52 Week HighN/A
52 Week LowN/A
CS1 End13.56
CR1 Start17.74
Volume & EV
DER(3)-1.65%
DER(5)-1.74%
Volume830.50K
Volume Incr-2.8%
Vol(5)1.29M
Vol(50)1.69M