SMH Technical Analysis - VANECK SEMICONDUCTOR ETF

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to SMH. 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.

The long and short term trends are both positive. This is looking good!

SMH is part of the Automobile Components industry. There are 81 other stocks in this industry. SMH outperforms 71% of them.

SMH is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month SMH has a been trading in the 281.74 - 323.14 range, which is quite wide. It is currently trading near the high of this range.

SMH has an average volume of 7720810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, SMH did better than 81% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VANECK SEMICONDUCTOR ETF / SMH Weekly stock chart

VANECK SEMICONDUCTOR ETF / SMH Daily stock chart

Setup Rating and Analysis

Although SMH has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

193.01

326.89

3 important support areas can be observed.

A support zone ranging from 300.13 to 300.58. 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 285.37 to 294.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @194.96 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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	81.87	POSITIVE	SMH has a high relative strength, it outperformed 81.87% off all stocks 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)	74.89	OVERBOUGHT	The high RSI value suggests SMH may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	2.21	POSITIVE	The MACD value suggests SMH has a positive trend.
Stochastics (14,3)	95.06	OVERBOUGHT	The high Stochastics value suggests SMH may be overbought.
Average True Range in percent/ATR (20)	1.65	LOW VOLATILITY	The low ATR as a percentage value for SMH suggests low volalility.
Average Directional Index/ADX (14)	19.78	NEGATIVE	The low ADX value for SMH suggests a weak or negative trend.