SCOTTS MIRACLE-GRO CO (SMG) Stock Technical Analysis
NYSE:SMG - New York Stock Exchange, Inc. - US8101861065 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to SMG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SMG is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
SMG is one of the better performing stocks in the Chemicals industry, it outperforms 79% of 85 stocks in the same industry.
In the last month SMG has a been trading in the 60.23 - 70.67 range, which is quite wide. It is currently trading near the high of this range.
SMG has an average volume of 1166140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SMG is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall good ranking is mostly due to the recent strong 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.
SMG has an excellent technical rating, but the quality of the setup is only medium 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
51.73
70.10
We found 3 important support areas.
- A support zone ranging from 65.42 to 65.81. 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 60.56 to 61.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.25 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 69.32 to 69.41. 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 | UP | POSITIVE | The long term trend for SMG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMG is up. |
| ChartMill Relative Strength | 80.02 | POSITIVE | SMG has a high relative strength, it outperformed 80.02% 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) | 68.04 | NEUTRAL | The RSI value for SMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests SMG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.17 | OVERBOUGHT | The high Stochastics value suggests SMG may be overbought. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for SMG suggests some volalility. |
| Average Directional Index/ADX (14) | 29.02 | POSITIVE | The high ADX value value for SMG suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 69.42 | 64.74 | 4.68 (6.74%) | 14.84% |
| An entry @69.42. This is a Buy Stop order right above the resistance zone. | An exit @64.74. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.68 points, which is 6.74%. | When investing 14.84% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
69.31
-0.1 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.14%
1 Week1.12%
2 Weeks6.66%
1 Month8.23%
3 Month35.4%
6 Month4.41%
12 Month9.06%
2 Year-1.04%
3 Year-22.08%
5 Year-56.29%
10 Year14.77%
15 Year43.65%
Volatility
ATR(14)1.73
ATR(20)%2.51%
ATR Inc8.65%
Range Today1.68
ADR(20)1.7
ADR(20)%2.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.02
Mansfield-0.57
10 Day High70.67
10 Day Low64.75
20 Day High70.67
20 Day Low60.23
52 Week High93.9
52 Week Low45.61
CS1 End65.81
CR1 Start69.32
Volume & EV
DER(3)-0.95%
DER(5)-1.02%
Volume692.30K
Volume Incr-33.62%
Vol(5)656.52K
Vol(50)1.17M