STANDARD MOTOR PRODS (SMP) Stock Technical Analysis
NYSE:SMP • US8536661056
We assign a technical rating of 10 out of 10 to SMP. 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.
- 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 SMP is one of the better performing stocks in the market, outperforming 85% of all stocks.
- 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.
- SMP is an average performer in the Automobile Components industry, it outperforms 60% of 41 stocks in the same industry.
SMP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
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35.67
When analyzing the support we can see 4 important areas.
- Support @41.30 from a trend line in the daily time frame.
- A support zone ranging from 38.41 to 38.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @37.13 from a horizontal line in the daily time frame.
- Support @36.03 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 44.66 to 45.15. 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 | 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 | 85.06 | POSITIVE | SMP has a high relative strength, it outperformed 85.06% 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) | 67.57 | NEUTRAL | The RSI value for SMP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SMP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.66 | NEUTRAL | The Stochastics value for SMP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for SMP suggests some volalility. |
| Average Directional Index/ADX (14) | 40.92 | POSITIVE | The high ADX value value for SMP suggests a strong trend. |
44.65
+0.47 (+1.06%)
STANDARD MOTOR PRODS / SMP FAQ
What is the ChartMill technical rating of STANDARD MOTOR PRODS (SMP) stock?
ChartMill assigns a technical rating of 10 / 10 to SMP.
What is the current trend direction of STANDARD MOTOR PRODS (SMP) stock?
The current trend direction for STANDARD MOTOR PRODS (SMP) is Bullish.
What is the RSI signal for SMP stock?
STANDARD MOTOR PRODS (SMP) has an RSI value of 67.5702. This indicates that the stock is currently neutral.
Can you provide the short term momentum for STANDARD MOTOR PRODS?
The short term momentum for STANDARD MOTOR PRODS (SMP) is positive.
What is the buy/sell signal for SMP stock?
The buy/sell signal for STANDARD MOTOR PRODS (SMP) is buy as both the short term and long term trends are positive.