SCOTTS MIRACLE-GRO CO (SMG)       82.27  -1.65 (-1.97%)

82.27  -1.65 (-1.97%)

US8101861065 - Common Stock - After market: 82 -0.27 (-0.33%)

Technical Rating

7

Taking everything into account, SMG scores 7 out of 10 in our technical rating. 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 long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month SMG has a been trading in the 53.34 - 85.00 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, SMG did better than 83% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
SMG is an average performer in the Chemicals industry, it outperforms 69% of 123 stocks in the same industry.
SMG is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Statistics

1 Month 3 Months 6 Months 12 Months 50.51% 63.23% 1.88% -38.08% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 83.69 39.055 - 145.26
SMG Weekly chart
SMG Daily chart

Support/Resistance Analysis


48.84

83.09
When analyzing the support we can see 2 important areas.
  • Support @51.33 from a trend line in the weekly time frame.
  • Support @49.33 from a trend line in the daily time frame.

Setup Analysis

Setup Rating

2

Although SMG has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.


SMG Daily chart

SCOTTS MIRACLE-GRO CO82.27

NYSE:SMG (2/3/2023, 7:08:20 PM)-1.65 (-1.97%)

After market: 82 -0.27 (-0.33%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Chemicals

Performance
Today -1.97% 1 Week 23.66%
2 Weeks 31.97% 1 Month 50.51%
3 Month 63.23% 6 Month 1.88%

Volatility
ATR(14) 4.48 ATR(20)% 4.75%
ATR Inc -1.18% Range Today 3.83

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 83.69 Mansfield 0.09
10 Day High 85 10 Day Low 60.3
20 Day High 85 20 Day Low 53.34
52 Week High 145.26 52 Week Low 39.06
CS1 End 51.33 CR1 Start N/A

Volume & EV
DER(3) 1.2% DER(5) 0.2%
Volume 1.17M Volume Incr 85.24%
Vol(5) 1.53M Vol(50) 875.93K

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