SCOTTS MIRACLE-GRO CO (SMG) Stock Technical Analysis
NYSE:SMG - New York Stock Exchange, Inc. - US8101861065 - Common Stock - Currency: USD
Overall SMG gets a technical rating of 7 out of 10. SMG has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
SMG is one of the better performing stocks in the Chemicals industry, it outperforms 72% of 85 stocks in the same industry.
In the last month SMG has a been trading in the 60.23 - 69.33 range, which is quite wide. It is currently trading near the high of this range.
SMG has an average volume of 1260310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SMG did better than 73% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
SMG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SMG is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although SMG has an excellent technical rating, it does not present a decent entry opportunity 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
51.65
69.66
When analyzing the support we can see 3 important areas.
- A support zone ranging from 64.24 to 64.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 60.16 to 61.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.17 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 68.55 to 68.97. 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 | NEUTRAL | NEUTRAL | The long term trend for SMG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMG is up. |
| ChartMill Relative Strength | 73.68 | POSITIVE | SMG has a high relative strength, it outperformed 73.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SMG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SMG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SMG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.07 | NEUTRAL | The RSI value for SMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests SMG has a positive trend. |
| Stochastics (14,3) | 91.54 | OVERBOUGHT | The high Stochastics value suggests SMG may be overbought. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for SMG suggests some volalility. |
| Average Directional Index/ADX (14) | 24.03 | NEUTRAL | The ADX value for SMG suggests a possible start of a new 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)
68.54
-0.43 (-0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.62%
1 Week5.48%
2 Weeks12.64%
1 Month16.92%
3 Month33.32%
6 Month2.9%
12 Month9.3%
2 Year-2.14%
3 Year-22.95%
5 Year-56.78%
10 Year13.5%
15 Year42.05%
Volatility
ATR(14)1.78
ATR(20)%3.05%
ATR Inc-10.2%
Range Today1.19
ADR(20)1.93
ADR(20)%2.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.68
Mansfield-0.7
10 Day High69.33
10 Day Low60.92
20 Day High69.33
20 Day Low60.23
52 Week High93.9
52 Week Low45.61
CS1 End64.42
CR1 Start68.55
Volume & EV
DER(3)3.55%
DER(5)2.8%
Volume323.80K
Volume Incr-33.02%
Vol(5)741.96K
Vol(50)1.26M