SMCRT Technical Analysis - SMARTCRAFT ASA

Technical Rating and Analysis

Taking everything into account, SMCRT scores 0 out of 10 in our technical rating. SMCRT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

86% of all other stocks performed better in the past year than SMCRT.

SMCRT is part of the Software industry. There are 101 other stocks in this industry, of which 71% are performing better than SMCRT.

SMCRT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SMCRT is lagging the market.

In the last month SMCRT has a been trading in the 21.90 - 27.60 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SMARTCRAFT ASA / SMCRT Weekly stock chart

SMARTCRAFT ASA / SMCRT Daily stock chart

Setup Rating and Analysis

SMCRT has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

22.71

28.48

When analyzing the support we notice one important area.

Support @22.94 from a horizontal line in the weekly time frame.

We can see 5 important resistance areas.

A resistance zone ranging from 23.60 to 23.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @24.40 from a horizontal line in the daily time frame.
A resistance zone ranging from 25.00 to 25.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 26.80 to 26.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @28.20 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 SMCRT.OL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SMCRT.OL is down.
ChartMill Relative Strength	14.34	NEGATIVE	SMCRT.OL has a low relative strength, it was outperformed by 85.66% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SMCRT.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SMCRT.OL is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SMCRT.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)	42.83	NEUTRAL	The RSI value for SMCRT.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests SMCRT.OL has a positive trend, although the MACD value is declining.
Stochastics (14,3)	22.88	NEUTRAL	The Stochastics value for SMCRT.OL is a neutral value.
Average True Range in percent/ATR (20)	5.75	HIGH VOLATILITY	The high ATR as a percentage value for SMCRT.OL suggests high volalility.
Average Directional Index/ADX (14)	20.8	NEUTRAL	The ADX value for SMCRT.OL suggests a possible start of a new trend.