VANECK SEMICONDUCTOR ETF (SMH) Stock Technical Analysis
NASDAQ:SMH - Nasdaq - US92189F6768 - ETF - Currency: USD
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.
Both the short term and long term trends are positive. This is a very positive sign.
SMH is one of the better performing stocks in the Automobile Components industry, it outperforms 78% of 80 stocks in the same industry.
SMH is currently trading near its 52 week high, which is a good sign. 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 279.19 - 297.38 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SMH has an average volume of 8056350 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 85% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
SMH has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 285.37, a Stop Loss order could be placed below this zone.
More info and screens
189.09
299.23
When analyzing the support we can see 2 important areas.
- A support zone ranging from 283.94 to 285.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @191.00 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 288.01 to 290.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @296.27 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 | 85.2 | POSITIVE | SMH has a high relative strength, it outperformed 85.2% 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) | 53.58 | NEUTRAL | The RSI value for SMH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.63 | NEGATIVE | The MACD value suggests SMH has a negative trend. |
| Stochastics (14,3) | 48.27 | NEUTRAL | The Stochastics value for SMH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for SMH suggests low volalility. |
| Average Directional Index/ADX (14) | 19.18 | NEGATIVE | The low ADX value for SMH suggests a weak or negative 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 |
|---|---|---|---|
| 290.33 | 283.93 | 6.40 (2.20%) | 25.00% |
| An entry @290.33. This is a Buy Stop order right above the resistance zone. | An exit @283.93. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.40 points, which is 2.20%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.55%. |
- 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.
286.62
-0.48 (-0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-0.17%
1 Week-3.25%
2 Weeks0%
1 Month0.42%
3 Month28.3%
6 Month16.99%
12 Month27.47%
2 Year83.47%
3 Year167.16%
5 Year226.88%
10 Year1056.89%
15 Year2261.93%
Volatility
ATR(14)5.52
ATR(20)%1.92%
ATR Inc4.05%
Range Today4.46
ADR(20)4.77
ADR(20)%1.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.2
Mansfield0.82
10 Day High297.38
10 Day Low279.19
20 Day High297.38
20 Day Low279.19
52 Week High297.38
52 Week Low170.11
CS1 End285.37
CR1 Start288.01
Volume & EV
DER(3)1.19%
DER(5)0.46%
Volume6.12M
Volume Incr17.45%
Vol(5)8.47M
Vol(50)8.06M