SCOTTS MIRACLE-GRO CO (SMG) Stock Technical Analysis
USA - NYSE:SMG - US8101861065 - Common Stock
55.49 USD
+0.09 (+0.16%)
55.49 USD
0 (0%)
We assign a technical rating of 0 out of 10 to SMG. SMG 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.
92% of all other stocks performed better in the past year than SMG.
SMG is one of the lesser performing stocks in the Chemicals industry. 77% of 82 stocks in the same industry do better.
SMG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
SMG is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, SMG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
53.65
67.89
When analyzing the support we notice one important area.
- A support zone ranging from 54.19 to 55.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 56.26 to 56.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 58.58 to 59.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 62.65 to 63.43. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @65.96 from a trend line in the daily time frame.
- Resistance @67.22 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for SMG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SMG is down. |
| ChartMill Relative Strength | 8.58 | NEGATIVE | SMG has a low relative strength, it was outperformed by 91.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SMG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SMG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SMG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.39 | NEUTRAL | The RSI value for SMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests SMG has a positive trend. |
| Stochastics (14,3) | 31.27 | NEUTRAL | The Stochastics value for SMG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for SMG suggests some volalility. |
| Average Directional Index/ADX (14) | 15.96 | NEGATIVE | The low ADX value for SMG suggests a weak or negative 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)
55.49
+0.09 (+0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.16%
1 Week2.12%
2 Weeks0.02%
1 Month-1%
3 Month-20.03%
6 Month4.54%
12 Month-36.03%
2 Year24.87%
3 Year20.87%
5 Year-63.02%
10 Year-16.13%
15 Year3.91%
Volatility
ATR(14)1.41
ATR(20)%2.6%
ATR Inc-31.51%
Range Today0.73
ADR(20)1.44
ADR(20)%2.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.58
3 months CRS9.42
6 months CRS37.1
Mansfield-2.24
10 Day High56.5
10 Day Low53.43
20 Day High59.25
20 Day Low53.43
52 Week High93.9
52 Week Low45.61
CS1 End55.03
CR1 Start56.26
Volume & EV
DER(3)1.61%
DER(5)0.81%
Volume323.10K
Volume Incr-50.6%
Vol(5)342.28K
Vol(50)655.09K
SCOTTS MIRACLE-GRO CO / SMG FAQ
What is the ChartMill technical rating of SCOTTS MIRACLE-GRO CO (SMG) stock?
ChartMill assigns a technical rating of 0 / 10 to SMG.
Can you provide the trend direction for SCOTTS MIRACLE-GRO CO?
The current trend direction for SCOTTS MIRACLE-GRO CO (SMG) is Bearish.
Can you provide the RSI signal for SCOTTS MIRACLE-GRO CO?
SCOTTS MIRACLE-GRO CO (SMG) has an RSI value of 42.3938. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SCOTTS MIRACLE-GRO CO?
The short term momentum for SCOTTS MIRACLE-GRO CO (SMG) is negative.
Can you provide the buy/sell signal for SCOTTS MIRACLE-GRO CO?
The buy/sell signal for SCOTTS MIRACLE-GRO CO (SMG) is sell as both the short term and long term trends are negative.