SHARPS COMPLIANCE CORP (SMED) Stock Technical Analysis
USA - NASDAQ:SMED - US8200171010 - Common Stock
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.
SMED has an excellent technical rating, but the quality of the setup is only medium 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.
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8.57
When analyzing the support we notice one important 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.
When analyzing the resistance we notice one important 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. |
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%. | For a 0.37% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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%)
SHARPS COMPLIANCE CORP / SMED FAQ
What is the ChartMill technical rating of SHARPS COMPLIANCE CORP (SMED) stock?
ChartMill assigns a technical rating of 8 / 10 to SMED.
Can you provide the trend direction for SHARPS COMPLIANCE CORP?
The current trend direction for SHARPS COMPLIANCE CORP (SMED) is Bullish.
Can you provide the RSI signal for SHARPS COMPLIANCE CORP?
SHARPS COMPLIANCE CORP (SMED) has an RSI value of 85.9636. This indicates that the stock is currently overbought.
What is the buy/sell signal for SHARPS COMPLIANCE CORP (SMED) stock?
The buy/sell signal for SHARPS COMPLIANCE CORP (SMED) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for SHARPS COMPLIANCE CORP (SMED) stock?
SHARPS COMPLIANCE CORP (SMED) has a support level at 8.71 and a resistance level at 8.76. Check the full technical report for our detailed analysis of SMED support and resistance levels.