VANECK SEMICONDUCTOR ETF (SMH) Stock Technical Analysis
USA - NASDAQ:SMH - US92189F6768 - ETF
Taking everything into account, SMH scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SMH is showing a nice and steady performance.
Although SMH has an excellent technical rating, it 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.
More info and screens
282.52
We found 4 important support areas.
- A support zone ranging from 348.11 to 348.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @335.98 from a trend line in the daily time frame.
- Support @319.80 from a trend line in the daily time frame.
- Support @285.37 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 359.60 to 368.62. This zone is formed by a combination of multiple trend lines and important moving averages 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 SMH is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SMH is neutral. |
| ChartMill Relative Strength | 87.09 | POSITIVE | SMH has a high relative strength, it outperformed 87.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SMH is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SMH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SMH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.16 | NEUTRAL | The RSI value for SMH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.98 | NEGATIVE | The MACD value suggests SMH has a negative trend. |
| Stochastics (14,3) | 50.77 | NEUTRAL | The Stochastics value for SMH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for SMH suggests some volalility. |
| Average Directional Index/ADX (14) | 15.97 | NEGATIVE | The low ADX value for SMH suggests a weak or negative trend. |
348.12
-2.97 (-0.85%)
VANECK SEMICONDUCTOR ETF / SMH FAQ
What is the ChartMill technical rating of VANECK SEMICONDUCTOR ETF (SMH) stock?
ChartMill assigns a technical rating of 9 / 10 to SMH.
What is the current trend direction of VANECK SEMICONDUCTOR ETF (SMH) stock?
The current trend direction for VANECK SEMICONDUCTOR ETF (SMH) is Bullish.
What is the RSI signal for SMH stock?
VANECK SEMICONDUCTOR ETF (SMH) has an RSI value of 51.1626. This indicates that the stock is currently neutral.
What is the MACD signal for VANECK SEMICONDUCTOR ETF (SMH) stock?
The MACD indicator for VANECK SEMICONDUCTOR ETF (SMH) has a value of -1.97891, indicating a bearish trend.
What is the short term momentum for SMH stock?
The short term momentum for VANECK SEMICONDUCTOR ETF (SMH) is neutral.