VANECK SEMICONDUCTOR ETF (SMH) Stock Technical Analysis
NASDAQ:SMH - Nasdaq - US92189F6768 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to SMH. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SMH is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
SMH is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
SMH has an average volume of 8509040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, SMH turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
SMH is part of the Automobile Components industry. There are 81 other stocks in this industry, SMH did better than 62% of them.
SMH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SMH is lagging the market slightly.
Although SMH has an excellent technical rating, it does not present a decent entry opportunity 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
183.48
263.89
We found 2 important support areas.
- A support zone ranging from 237.43 to 237.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @185.33 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @246.02 from a trend line in the daily time frame.
- Resistance @253.22 from a trend line in the weekly time frame.
- A resistance zone ranging from 259.34 to 261.28. 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 SMH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMH is up. |
| ChartMill Relative Strength | 62.68 | NEUTRAL | SMH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SMH is above 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) | 65.43 | NEUTRAL | The RSI value for SMH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests SMH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.98 | NEUTRAL | The Stochastics value for SMH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for SMH suggests some volalility. |
| Average Directional Index/ADX (14) | 25.41 | POSITIVE | The high ADX value value for SMH 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)
244.97
+7.53 (+3.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg3.17%
1 Week-0.42%
2 Weeks3.18%
1 Month16.29%
3 Month5.24%
6 Month1.17%
12 Month1.87%
2 Year69.73%
3 Year100.32%
5 Year247.4%
10 Year719.16%
15 Year1686.8%
Volatility
ATR(14)6.18
ATR(20)%2.44%
ATR Inc27.5%
Range Today5.03
ADR(20)4.79
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.68
Mansfield-0.17
10 Day High249.44
10 Day Low234.59
20 Day High249.44
20 Day Low203.89
52 Week High283.07
52 Week Low170.11
CS1 End237.43
CR1 Start246.02
Volume & EV
DER(3)0.46%
DER(5)0.17%
Volume8.86M
Volume Incr-9.69%
Vol(5)6.03M
Vol(50)8.51M