SIMPLY GOOD FOODS CO/THE (SMPL) Technical Analysis
NASDAQ:SMPL • US82900L1026
Taking everything into account, SMPL scores 0 out of 10 in our technical rating. SMPL 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, SMPL is a bad performer in the overall market: 91% of all stocks are doing better.
- SMPL is one of the lesser performing stocks in the Food Products industry. 71% of 88 stocks in the same industry do better.
- SMPL 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.
- SMPL has an average volume of 2231660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month SMPL has a been trading in the 15.30 - 18.51 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, SMPL does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for SMPL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
16.22
We can see 3 important resistance areas.
- A resistance zone ranging from 16.49 to 16.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 17.06 to 17.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.76 from a trend 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 | DOWN | NEGATIVE | The long term trend for SMPL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SMPL is down. |
| ChartMill Relative Strength | 9.48 | NEGATIVE | SMPL has a low relative strength, it was outperformed by 90.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SMPL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SMPL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SMPL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.58 | NEUTRAL | The RSI value for SMPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests SMPL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.05 | NEUTRAL | The Stochastics value for SMPL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for SMPL suggests some volalility. |
| Average Directional Index/ADX (14) | 35.2 | POSITIVE | The high ADX value value for SMPL suggests a strong trend. |
SMPL Technicals: Chart, Performance Metrics, Trend & Indicators
16.38
+0.12 (+0.74%)
SIMPLY GOOD FOODS CO/THE / SMPL FAQ
What is the ChartMill technical rating of SIMPLY GOOD FOODS CO/THE (SMPL) stock?
ChartMill assigns a technical rating of 0 / 10 to SMPL.
Can you provide the trend direction for SIMPLY GOOD FOODS CO/THE?
The current trend direction for SIMPLY GOOD FOODS CO/THE (SMPL) is Bearish.
What is the RSI signal for SMPL stock?
SIMPLY GOOD FOODS CO/THE (SMPL) has an RSI value of 38.5784. This indicates that the stock is currently neutral.
What is the MACD signal for SMPL stock?
The MACD indicator for SIMPLY GOOD FOODS CO/THE (SMPL) has a value of 0.0914164, indicating a bearish trend.
What is the support and resistance level for SMPL stock?
SIMPLY GOOD FOODS CO/THE (SMPL) has a resistance level at 16.49. Check the full technical report for our detailed analysis of SMPL support and resistance levels.