STANDARD MOTOR PRODS (SMP) Stock Technical Analysis
NYSE:SMP - US8536661056 - Common Stock
38.81 USD
-0.09 (-0.23%)
38.81 USD
0 (0%)
Overall SMP gets a technical rating of 9 out of 10. Both in the recent history as in the last year, SMP has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
SMP 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.
SMP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Looking at the yearly performance, SMP did better than 83% 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.
Besides having an excellent technical rating, SMP also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
29.55
40.59
When analyzing the support we can see 4 important areas.
- A support zone ranging from 37.44 to 37.74. 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 32.56 to 32.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 30.59 to 31.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @29.85 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @38.88 from a horizontal line in the weekly time frame.
- Resistance @40.19 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 | 83.01 | POSITIVE | SMP has a high relative strength, it outperformed 83.01% 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) | 61.83 | NEUTRAL | The RSI value for SMP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests SMP has a negative trend. |
| Stochastics (14,3) | 66.06 | NEUTRAL | The Stochastics value for SMP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for SMP suggests some volalility. |
| Average Directional Index/ADX (14) | 34.3 | 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 |
|---|---|---|---|
| 38.89 | 37.43 | 1.46 (3.75%) | 25.00% |
| An entry @38.89. This is a Buy Stop order right above the resistance zone. | An exit @37.43. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.46 points, which is 3.75%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.94%. |
- The distance between exit and entry is rather small compared to the average daily movement of SMP. 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.
38.81
-0.09 (-0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-0.23%
1 Week-0.15%
2 Weeks1.62%
1 Month27.54%
3 Month28.09%
6 Month36.03%
12 Month20.12%
2 Year4.81%
3 Year5.75%
5 Year-14.59%
10 Year9.63%
15 Year351.28%
Volatility
ATR(14)1.09
ATR(20)%3.61%
ATR Inc-8.61%
Range Today0.64
ADR(20)1.36
ADR(20)%3.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.01
Mansfield1.53
10 Day High39.51
10 Day Low37.28
20 Day High40.18
20 Day Low30.28
52 Week High40.18
52 Week Low21.38
CS1 End37.74
CR1 Start38.88
Volume & EV
DER(3)2.55%
DER(5)1.66%
Volume139.90K
Volume Incr-23.93%
Vol(5)180.38K
Vol(50)192.63K