SMITH-MIDLAND CORP (SMID) Stock Technical Analysis
NASDAQ:SMID - Nasdaq - US8321561032 - Common Stock - Currency: USD
Overall SMID gets a technical rating of 8 out of 10. In the past year, SMID was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
Warning: SMID has an average volume of 15586 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, we notice that SMID is one of the better performing stocks in the market, outperforming 82% of all stocks.
SMID is part of the Construction Materials industry. There are 12 other stocks in this industry. SMID outperforms 81% of them.
In the last month SMID has a been trading in the 28.11 - 34.98 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
SMID is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SMID is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SMID has an excellent technical rating, it does not present a decent entry opportunity 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
28.34
34.86
We found 3 important support areas.
- A support zone ranging from 31.74 to 32.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.50 to 30.90. 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 28.63 to 28.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 34.51 to 34.51. 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 | NEUTRAL | NEUTRAL | The long term trend for SMID is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMID is up. |
| ChartMill Relative Strength | 82.67 | POSITIVE | SMID has a high relative strength, it outperformed 82.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SMID is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SMID is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SMID is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.65 | NEUTRAL | The RSI value for SMID is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.55 | POSITIVE | The MACD value suggests SMID has a positive trend. |
| Stochastics (14,3) | 90.72 | OVERBOUGHT | The high Stochastics value suggests SMID may be overbought. |
| Average True Range in percent/ATR (20) | 5.19 | HIGH VOLATILITY | The high ATR as a percentage value for SMID suggests high volalility. |
| Average Directional Index/ADX (14) | 22.19 | NEUTRAL | The ADX value for SMID suggests a possible start of a new 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)
34.5
+0.31 (+0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryConstruction Materials
Performance
% Chg0.91%
1 Week13.08%
2 Weeks17.71%
1 Month18.07%
3 Month24.91%
6 Month-21.98%
12 Month33.41%
2 Year44.29%
3 Year73.63%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.76
ATR(20)%5.19%
ATR Inc4.94%
Range Today1.28
ADR(20)1.76
ADR(20)%5.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.67
Mansfield-0.88
10 Day High34.98
10 Day Low28.92
20 Day High34.98
20 Day Low28.11
52 Week High51.96
52 Week Low25.03
CS1 End32.1
CR1 Start33.49
Volume & EV
DER(3)2.35%
DER(5)4.93%
Volume6.70K
Volume Incr227.88%
Vol(5)50.92K
Vol(50)15.59K