Overall SMH gets a technical rating of 9 out of 10. 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, the quality of the presented setup is not ideal 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
321.84
We found 2 important support areas.
- A support zone ranging from 344.78 to 359.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 325.09 to 326.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 365.87 to 374.11. 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 | 88.73 | POSITIVE | SMH has a high relative strength, it outperformed 88.73% 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) | 57.87 | NEUTRAL | The RSI value for SMH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests SMH has a positive trend. |
| Stochastics (14,3) | 70.17 | NEUTRAL | The Stochastics value for SMH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for SMH suggests some volalility. |
| Average Directional Index/ADX (14) | 11.57 | NEGATIVE | The low ADX value for SMH suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 374.12 | 338.05 | 36.07 (9.64%) | 10.37% |
| An entry @374.12. This is a Buy Stop order right above the resistance zone. | An exit @338.05. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 36.07 points, which is 9.64%. | When investing 10.37% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
365.86
+1.69 (+0.46%)
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 57.8678. 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 0.330371, indicating a bearish trend.
What is the short term momentum for SMH stock?
The short term momentum for VANECK SEMICONDUCTOR ETF (SMH) is positive.