VANECK SEMICONDUCTOR ETF (SMH) Stock Technical Analysis
NASDAQ:SMH - Nasdaq - US92189F6768 - ETF - Currency: USD
Overall SMH gets a technical rating of 8 out of 10. 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 part of the Automobile Components industry. There are 81 other stocks in this industry. SMH outperforms 73% of them.
SMH is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SMH is performing more or less in line with the market.
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 7927270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SMH is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, SMH also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 261.28, a Stop Loss order could be placed below this zone.
More info and screens
185.72
269.84
We found 3 important support areas.
- A support zone ranging from 261.08 to 261.28. 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 237.43 to 237.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @187.60 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @267.17 from a horizontal line in the daily 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 | 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 | 76.19 | POSITIVE | SMH has a high relative strength, it outperformed 76.19% 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) | 64.89 | NEUTRAL | The RSI value for SMH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests SMH has a negative trend. |
| Stochastics (14,3) | 84.96 | OVERBOUGHT | The high Stochastics value suggests SMH may be overbought. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for SMH suggests some volalility. |
| Average Directional Index/ADX (14) | 32.55 | 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)
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 |
|---|---|---|---|
| 267.18 | 261.07 | 6.11 (2.29%) | 25.00% |
| An entry @267.18. This is a Buy Stop order right above the resistance zone. | An exit @261.07. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.11 points, which is 2.29%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.57%. |
- The distance between exit and entry is rather small compared to the average daily movement of SMH. 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.
261.92
+1.65 (+0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg0.63%
1 Week1.92%
2 Weeks3.64%
1 Month8.77%
3 Month23.45%
6 Month5.44%
12 Month0.47%
2 Year72.03%
3 Year157.13%
5 Year242.83%
10 Year859.94%
15 Year1920.99%
Volatility
ATR(14)5.73
ATR(20)%2.28%
ATR Inc15.74%
Range Today5.54
ADR(20)5.19
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.19
Mansfield0.45
10 Day High265.53
10 Day Low255
20 Day High265.53
20 Day Low234.59
52 Week High283.07
52 Week Low170.11
CS1 End261.28
CR1 Start267.17
Volume & EV
DER(3)1.05%
DER(5)-0.12%
Volume10.42M
Volume Incr14.45%
Vol(5)8.80M
Vol(50)7.93M