DEFIANCE DLY TRG 2X LNG SMCI (SMCX) Stock Technical Analysis
NASDAQ:SMCX • US88636R1234
We assign a technical rating of 0 out of 10 to SMCX. SMCX'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.
- When comparing the yearly performance of all stocks, SMCX is a bad performer in the overall market: 97% of all stocks are doing better.
- SMCX 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.
- In the last month SMCX has a been trading in the 10.37 - 15.09 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- SMCX has an average volume of 3097760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, SMCX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
10.67
We found 1 important support area.
- Support @10.78 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @13.86 from a trend line 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 | DOWN | NEGATIVE | The long term trend for SMCX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SMCX is down. |
| ChartMill Relative Strength | 3.25 | NEGATIVE | SMCX has a low relative strength, it was outperformed by 96.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SMCX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SMCX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SMCX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.67 | NEUTRAL | The RSI value for SMCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SMCX has a negative trend. |
| Stochastics (14,3) | 16.24 | OVERSOLD | The low Stochastics value suggests SMCX may be oversold. |
| Average True Range in percent/ATR (20) | 14.96 | HIGH VOLATILITY | The high ATR as a percentage value for SMCX suggests high volalility. |
| Average Directional Index/ADX (14) | 13.93 | NEGATIVE | The low ADX value for SMCX suggests a weak or negative trend. |
10.93
-0.33 (-2.93%)
DEFIANCE DLY TRG 2X LNG SMCI / SMCX FAQ
What is the technical rating for SMCX stock?
ChartMill assigns a technical rating of 0 / 10 to SMCX.
Can you provide the trend direction for DEFIANCE DLY TRG 2X LNG SMCI?
The current trend direction for DEFIANCE DLY TRG 2X LNG SMCI (SMCX) is Bearish.
What is the RSI signal for DEFIANCE DLY TRG 2X LNG SMCI (SMCX) stock?
DEFIANCE DLY TRG 2X LNG SMCI (SMCX) has an RSI value of 42.6656. This indicates that the stock is currently neutral.
What is the buy/sell signal for SMCX stock?
The buy/sell signal for DEFIANCE DLY TRG 2X LNG SMCI (SMCX) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for DEFIANCE DLY TRG 2X LNG SMCI?
DEFIANCE DLY TRG 2X LNG SMCI (SMCX) has a support level at 10.78 and a resistance level at 13.86. Check the full technical report for our detailed analysis of SMCX support and resistance levels.