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SCHMITT INDUSTRIES INC (SMIT) Stock Technical Analysis

USA - NASDAQ:SMIT - US8068702005 - Common Stock

0.4195 USD
+0.04 (+10.39%)
Last: 1/13/2023, 8:00:03 PM
0.4075 USD
-0.01 (-2.86%)
After Hours: 1/13/2023, 8:00:03 PM
Technical Rating and Analysis

0

Taking everything into account, SMIT scores 0 out of 10 in our technical rating. SMIT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, SMIT is a bad performer in the overall market: 100% of all stocks are doing better.
SMIT is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, of which 93% are performing better than SMIT.
SMIT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month SMIT has a been trading in the 0.21 - 0.87 range, which is quite wide. It is currently trading near the lows of this range.

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Weekly and Daily overview Charts
SCHMITT INDUSTRIES INC / SMIT Weekly stock chart
SCHMITT INDUSTRIES INC / SMIT Daily stock chart
Setup Rating and Analysis

5

Although the technical rating is bad, SMIT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.

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Support and Resistance Analysis

0.42

0.42

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Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for SMIT is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for SMIT is down.
ChartMill Relative Strength0.63NEGATIVESMIT has a low relative strength, it was outperformed by 99.37% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNMIXEDThe current price of SMIT is above a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of SMIT is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of SMIT is below a declining SMA(200).
Relative Strength Index/RSI (14)43.01NEUTRALThe RSI value for SMIT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.04POSITIVEThe MACD value suggests SMIT has a positive trend.
Stochastics (14,3)50.87NEUTRALThe Stochastics value for SMIT is a neutral value.
Average True Range in percent/ATR (20)31.03HIGH VOLATILITYThe high ATR as a percentage value for SMIT suggests high volalility.
Average Directional Index/ADX (14)21.38NEUTRALThe ADX value for SMIT suggests a possible start of a new trend.
Chart- and CandleStick Pattern Analysis
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)

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SCHMITT INDUSTRIES INC / SMIT Daily stock chart

SCHMITT INDUSTRIES INC

NASDAQ:SMIT (1/13/2023, 8:00:03 PM)

After market: 0.4075 -0.01 (-2.86%)

0.4195

+0.04 (+10.39%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg10.39%
1 Week42.25%
2 Weeks62.53%
1 Month-50.06%
3 Month-74.1%
6 Month-90.48%
12 Month-91.85%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%31.03%
ATR Inc-60.47%
Range Today0.06
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.63
3 months CRSN/A
6 months CRSN/A
Mansfield-8.71
10 Day High0.54
10 Day Low0.23
20 Day High0.87
20 Day Low0.21
52 Week High5.48
52 Week Low0.21
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-13.81%
DER(5)-4.51%
Volume152.50K
Volume Incr-53.61%
Vol(5)192.98K
Vol(50)200.49K

SCHMITT INDUSTRIES INC / SMIT FAQ

What is the ChartMill technical rating of SCHMITT INDUSTRIES INC (SMIT) stock?

ChartMill assigns a technical rating of 0 / 10 to SMIT.


What is the trend direction for SMIT stock?

The current trend direction for SCHMITT INDUSTRIES INC (SMIT) is Bearish.


Can you provide the RSI signal for SCHMITT INDUSTRIES INC?

SCHMITT INDUSTRIES INC (SMIT) has an RSI value of 43.0089. This indicates that the stock is currently neutral.


Can you provide the MACD signal for SCHMITT INDUSTRIES INC?

The MACD indicator for SCHMITT INDUSTRIES INC (SMIT) has a value of 0.0407258, indicating a bearish trend.