SCOTTS MIRACLE-GRO CO (SMG)

US8101861065 - Common Stock

66.55  +2.93 (+4.61%)

Technical Rating

0

Taking everything into account, SMG scores 0 out of 10 in our technical rating. 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.



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.
In the last month SMG has a been trading in the 61.97 - 72.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
83% of all other stocks performed better in the past year than SMG.
SMG is one of the lesser performing stocks in the Chemicals industry. 64% of 118 stocks in the same industry do better.

Statistics

1 Month 3 Months 6 Months 12 Months -0.42% -25.38% 14.12% -34.73% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 17.49 39.055 - 102.25
SMG Weekly chart
SMG Daily chart

Support/Resistance Analysis


62.56

85.25
When analyzing the support we notice one important area.
  • A support zone ranging from 63.19 to 63.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
  • A resistance zone ranging from 66.56 to 69.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @72.58 from a horizontal line in the daily time frame.
  • Resistance @84.41 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

8

Although the technical rating is bad, SMG does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 63.61, a Stop Loss order could be placed below this zone.


SMG Daily chart

SCOTTS MIRACLE-GRO CO

NYSE:SMG (6/2/2023, 2:12:52 PM)

66.55

+2.93 (+4.61%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg4.61%
1 Week-4.62%
2 Weeks-7.23%
1 Month-0.42%
3 Month-25.38%
6 Month14.12%
12 Month-34.73%
Volatility
ATR(14)2.77
ATR(20)%4.46%
ATR Inc17.93%
Range Today1.62
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.49
Mansfield-0.96
10 Day High70.86
10 Day Low61.97
20 Day High72.59
20 Day Low61.97
52 Week High102.25
52 Week Low39.06
CS1 End63.61
CR1 Start66.56
Volume & EV
DER(3)-2.06%
DER(5)-1.68%
Volume247.29K
Volume Incr-33.69%
Vol(5)517.84K
Vol(50)728.86K
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