SHARPS COMPLIANCE CORP (SMED) Stock Technical Analysis
NASDAQ:SMED - Nasdaq - US8200171010 - Common Stock - Currency: USD
Taking everything into account, SMED scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SMED is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
SMED is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry. SMED outperforms 98% of them.
SMED is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SMED is lagging the market slightly.
Looking at the yearly performance, SMED did better than 98% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month SMED has a been trading in a tight range between 8.60 and 8.75.
Considerably lower volume is observed in the last couple of days.
Although SMED has an excellent technical rating, the quality of the presented setup is not ideal 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
8.57
8.85
We found 1 important support area.
- A support zone ranging from 8.66 to 8.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 8.76 to 8.76. 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 SMED is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMED is up. |
| ChartMill Relative Strength | 98.19 | POSITIVE | SMED has a high relative strength, it outperformed 98.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SMED is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SMED is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SMED is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 85.96 | OVERBOUGHT | The high RSI value suggests SMED may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests SMED has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 91.84 | OVERBOUGHT | The high Stochastics value suggests SMED may be overbought. |
| Average True Range in percent/ATR (20) | 0.35 | LOW VOLATILITY | The low ATR as a percentage value for SMED suggests low volalility. |
| Average Directional Index/ADX (14) | 75.58 | POSITIVE | The high ADX value value for SMED 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 8.77 | 8.64 | 0.13 (1.48%) | 25.00% |
| An entry @8.77. This is a Buy Stop order right above the resistance zone. | An exit @8.64. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.13 points, which is 1.48%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.37%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:SMED (8/22/2022, 8:00:03 PM)
8.75
+0.01 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.11%
1 Week0.57%
2 Weeks0.92%
1 Month1.39%
3 Month104.92%
6 Month39.33%
12 Month-7.99%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.35%
ATR Inc-70.27%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.19
Mansfield4.1
10 Day High8.75
10 Day Low8.65
20 Day High8.75
20 Day Low8.6
52 Week High9.66
52 Week Low2.83
CS1 End8.71
CR1 Start8.76
Volume & EV
DER(3)-2.73%
DER(5)-3.74%
Volume91.90K
Volume Incr-34.68%
Vol(5)150.72K
Vol(50)429.73K