SCOTTS MIRACLE-GRO CO (SMG) Stock Technical Analysis
NYSE:SMG • US8101861065
We assign a technical rating of 8 out of 10 to SMG. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SMG is only an average performer.
- The long and short term trends are both positive. This is looking good!
- SMG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SMG is lagging the market slightly.
- In the last month SMG has a been trading in the 58.08 - 68.50 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, SMG turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
- SMG is part of the Chemicals industry. There are 83 other stocks in this industry, SMG did better than 50% of them.
Besides having an excellent technical rating, SMG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 65.39, a Stop Loss order could be placed below this zone.
More info and screens
53.39
4 important support areas can be observed.
- A support zone ranging from 64.38 to 65.39. 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 61.80 to 62.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @57.69 from a horizontal line in the daily time frame.
- A support zone ranging from 53.93 to 54.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 66.78 to 67.20. 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 | 65.96 | NEUTRAL | SMG is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of SMG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.92 | NEUTRAL | The RSI value for SMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests SMG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.76 | OVERBOUGHT | The high Stochastics value suggests SMG may be overbought. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for SMG suggests some volalility. |
| Average Directional Index/ADX (14) | 14.83 | NEGATIVE | The low ADX value for SMG suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 67.21 | 64.37 | 2.84 (4.23%) | 23.67% |
| An entry @67.21. This is a Buy Stop order right above the resistance zone. | An exit @64.37. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.84 points, which is 4.23%. | For a 1.00% total portfolio risk, you can invest 23.67% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SMG. Please evaluate whether better entry and exit points can be found.
- 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.
66.77
-0.43 (-0.64%)
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 8 / 10 to SMG.
What is the trend direction for SMG stock?
The current trend direction for SCOTTS MIRACLE-GRO CO (SMG) is Bullish.
Can you provide the RSI signal for SCOTTS MIRACLE-GRO CO?
SCOTTS MIRACLE-GRO CO (SMG) has an RSI value of 64.9156. This indicates that the stock is currently neutral.
What is the MACD signal for SCOTTS MIRACLE-GRO CO (SMG) stock?
The MACD indicator for SCOTTS MIRACLE-GRO CO (SMG) has a value of 0.149822, indicating a bearish trend.
What is the support and resistance level for SMG stock?
SCOTTS MIRACLE-GRO CO (SMG) has a support level at 65.39 and a resistance level at 66.78. Check the full technical report for our detailed analysis of SMG support and resistance levels.