VANECK SEMICONDUCTOR ETF (SMH)

US92189F6768 - ETF

224.99  +0.1 (+0.04%)

After market: 224.7 -0.29 (-0.13%)

Technical Rating and Analysis

10

We assign a technical rating of 10 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.

Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that SMH is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by SMH over the past year are nicely spread over this period.
SMH is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SMH is lagging the market slightly.
In the last month SMH has a been trading in the 212.82 - 239.14 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 9286470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
SMH Weekly chart
SMH Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, SMH also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 223.69, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

150.92

227.24

5 important support areas can be observed.

  • A support zone ranging from 222.12 to 223.69. 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 217.79 to 217.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @198.96 from a trend line in the daily time frame.
  • Support @159.39 from a trend line in the weekly time frame.
  • Support @152.44 from a trend line in the weekly time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.93
Mansfield2.12
10 Day High230.05
10 Day Low212.82
20 Day High239.14
20 Day Low212.82
52 Week High239.14
52 Week Low118.57
Performance
1 Week-0.58%
2 Weeks2.52%
1 Month6.15%
3 Month28.66%
6 Month55.19%
12 Month70.97%
2 Year66.79%
3 Year84.76%
5 Year323.19%
10 Year886.58%
15 Year2306.31%
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)
Technical Indicators
MACD(12,26,9)-0.85
RSI(14)59.42
LBB215.88
UBB230.26
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
230.06222.117.95 (3.46%)25.00%
An entry @230.06. This is a Buy Stop order right above the 10 day high.An exit @222.11. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 7.95 points, which is 3.46%.For a 0.86% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • 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.
SMH Daily chart

VANECK SEMICONDUCTOR ETF

NASDAQ:SMH (3/28/2024, 7:06:09 PM)

After market: 224.7 -0.29 (-0.13%)

224.99

+0.1 (+0.04%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.04%
1 Week-0.58%
2 Weeks2.52%
1 Month6.15%
3 Month28.66%
6 Month55.19%
12 Month70.97%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)5.48
ATR(20)%2.89%
ATR Inc
Range Today2.2
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High230.05
10 Day Low212.82
20 Day High239.14
20 Day Low212.82
52 Week High239.14
52 Week Low118.57
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume3.76M
Volume Incr-45.65%
Vol(5)5.61M
Vol(50)9.29M