SMART FOR LIFE INC (SMFL)       0.3902  -0.01 (-1.51%)

0.3902  -0.01 (-1.51%)

US83204U1034 - Common Stock

Technical Rating

0

We assign a technical rating of 0 out of 10 to SMFL. SMFL'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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, SMFL is a bad performer in the overall market: 100% of all stocks are doing better.
SMFL is one of the lesser performing stocks in the Personal Products industry. 100% of 40 stocks in the same industry do better.
SMFL is currently trading near the lower end of its 52 week range, which is not a good sign. SMFL is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month SMFL has a been trading in the 0.38 - 0.49 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -7.10% -31.39% -21.43% 0.00% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 0 0.3074 - 2.39
SMFL Weekly chart
SMFL Daily chart

Support/Resistance Analysis


0.38

0.42
2 important support areas can be observed.
  • Support @0.39 from a horizontal line in the daily time frame.
  • A support zone ranging from 0.38 to 0.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
  • A resistance zone ranging from 0.40 to 0.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 0.41 to 0.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 0.42 to 0.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

Setup Analysis

Setup Rating

6

SMFL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.4. Right above this resistance zone may be a good entry point.


SMFL Daily chart

SMART FOR LIFE INC0.3902

NASDAQ:SMFL (12/2/2022, 7:02:40 PM)-0.01 (-1.51%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Staples
GICS Industry Personal Products
Performance
Today -1.51% 1 Week -5.98%
2 Weeks -11.32% 1 Month -7.1%
3 Month -31.39% 6 Month -21.43%
Volatility
ATR(14) 0.04 ATR(20)% 10.37%
ATR Inc -30.41% Range Today 0.04
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS N/A Mansfield -30
10 Day High 0.44 10 Day Low 0.38
20 Day High 0.49 20 Day Low 0.38
52 Week High 2.39 52 Week Low 0.31
CS1 End 0.39 CR1 Start 0.4
Volume & EV
DER(3) -16.98% DER(5) -16.02%
Volume 115.00K Volume Incr 26.71%
Vol(5) 77.92K Vol(50) 94.66K

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