STANDARD MOTOR PRODS (SMP) Stock Technical Analysis
NYSE:SMP - New York Stock Exchange, Inc. - US8536661056 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to SMP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SMP is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
SMP 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 SMP is lagging the market slightly.
Looking at the yearly performance, SMP did better than 80% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
SMP is an average performer in the Automobile Components industry, it outperforms 69% of 80 stocks in the same industry.
In the last month SMP has a been trading in the 29.45 - 34.13 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although SMP 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
29.55
34.66
When analyzing the support we can see 2 important areas.
- A support zone ranging from 31.63 to 31.70. 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 29.85 to 30.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- Resistance @34.32 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 SMP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMP is up. |
| ChartMill Relative Strength | 80.19 | POSITIVE | SMP has a high relative strength, it outperformed 80.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SMP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SMP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SMP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.33 | NEUTRAL | The RSI value for SMP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests SMP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.22 | OVERBOUGHT | The high Stochastics value suggests SMP may be overbought. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for SMP suggests some volalility. |
| Average Directional Index/ADX (14) | 32.48 | POSITIVE | The high ADX value value for SMP suggests a strong 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 |
|---|---|---|---|
| 34.33 | 31.62 | 2.71 (7.89%) | 12.67% |
| An entry @34.33. This is a Buy Stop order right above the resistance zone. | An exit @31.62. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.71 points, which is 7.89%. | When investing 12.67% 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.
33.16
+0.25 (+0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg0.76%
1 Week-0.36%
2 Weeks6.93%
1 Month6.76%
3 Month39.21%
6 Month6.25%
12 Month6.15%
2 Year-13.13%
3 Year-27.5%
5 Year-27.09%
10 Year-9.32%
15 Year238.37%
Volatility
ATR(14)0.9
ATR(20)%2.59%
ATR Inc11.19%
Range Today1.05
ADR(20)0.84
ADR(20)%2.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.19
Mansfield0.13
10 Day High34.13
10 Day Low30.42
20 Day High34.13
20 Day Low29.45
52 Week High35.92
52 Week Low21.38
CS1 End31.7
CR1 Start34.32
Volume & EV
DER(3)0.74%
DER(5)-0.48%
Volume159.50K
Volume Incr-12.11%
Vol(5)144.22K
Vol(50)162.25K