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SMART FOR LIFE INC (SMFL) Stock Technical Analysis

NASDAQ:SMFL - Nasdaq - US83204U6082 - Common Stock - Currency: USD

0.78  -0.26 (-25%)

After market: 0.3977 -0.38 (-49.01%)

Technical Rating and Analysis

0

Overall SMFL gets a technical rating of 0 out of 10. SMFL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

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, SMFL is a bad performer in the overall market: 100% of all stocks are doing better.
SMFL is part of the Personal Care Products industry. There are 35 other stocks in this industry, of which 91% are performing better than SMFL.
SMFL is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so SMFL is lagging the market.
In the last month SMFL has a been trading in the 0.77 - 2.58 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
SMFL has an average volume of 5161850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
SMART FOR LIFE INC / SMFL Weekly stock chart
SMART FOR LIFE INC / SMFL Daily stock chart
Setup Rating and Analysis

3

The technical rating of SMFL is bad and it also does not present a quality setup 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.

Support and Resistance Analysis

0.77

1.09

We can see 2 important resistance areas.

  • Resistance @1.04 from a trend line in the daily time frame.
  • Resistance @1.08 from a trend line in the daily time frame.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for SMFL is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for SMFL is down.
ChartMill Relative Strength0.5NEGATIVESMFL has a low relative strength, it was outperformed by 99.5% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of SMFL is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of SMFL is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of SMFL is below a declining SMA(200).
Relative Strength Index/RSI (14)38.07NEUTRALThe RSI value for SMFL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.02POSITIVEThe MACD value suggests SMFL has a positive trend, although the MACD value is declining.
Stochastics (14,3)23.03NEUTRALThe Stochastics value for SMFL is a neutral value.
Average True Range in percent/ATR (20)39.84HIGH VOLATILITYThe high ATR as a percentage value for SMFL suggests high volalility.
Average Directional Index/ADX (14)22.27NEUTRALThe ADX value for SMFL suggests a possible start of a new trend.
Chart- and CandleStick Pattern Analysis
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)
SMART FOR LIFE INC / SMFL Daily stock chart

SMART FOR LIFE INC

NASDAQ:SMFL (9/18/2024, 8:00:03 PM)

After market: 0.3977 -0.38 (-49.01%)

0.78

-0.26 (-25%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryPersonal Care Products
Performance
% Chg-25%
1 Week-8.24%
2 Weeks-25.71%
1 Month-19.59%
3 Month-75.93%
6 Month-87.51%
12 Month-95.96%
2 Year-99.93%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%39.84%
ATR Inc-12.77%
Range Today0.24
ADR(20)0.26
ADR(20)%33.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.5
Mansfield-9
10 Day High1.56
10 Day Low0.77
20 Day High2.58
20 Day Low0.77
52 Week High39.2
52 Week Low0.77
CS1 EndN/A
CR1 Start1.04
Volume & EV
DER(3)-3.99%
DER(5)-1.11%
Volume5.56M
Volume Incr204.67%
Vol(5)20.63M
Vol(50)5.16M