SCOTTS MIRACLE-GRO CO (SMG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SMG - US8101861065 - Common Stock
We assign a technical rating of 5 out of 10 to SMG. Recently some decent action could be observed, but in the medium term time frame this is still negative. SMG was also a bad performer in the overall market in the last year.
SMG has an average technical rating and it also does not offer a high quality setup 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.
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51.85
When analyzing the support we can see 3 important areas.
- Support @58.50 from a trend line in the weekly time frame.
- A support zone ranging from 55.53 to 56.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.37 to 53.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 58.67 to 59.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @65.88 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 | NEUTRAL | NEUTRAL | The long term trend for SMG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMG is up. |
| ChartMill Relative Strength | 26.22 | NEGATIVE | SMG has a low relative strength, it was outperformed by 73.78% 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 | NEGATIVE | The current price of SMG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.43 | NEUTRAL | The RSI value for SMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests SMG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.91 | NEUTRAL | The Stochastics value for SMG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for SMG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.02 | NEGATIVE | The low ADX value for SMG suggests a weak or negative trend. |
58.66
+0.64 (+1.1%)
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 5 / 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 60.4253. 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 positive.