NUSCALE POWER CORP (SMR) Stock Technical Analysis
NYSE:SMR - US67079K1007 - Common Stock
37.24 USD
+2.59 (+7.47%)
37.8 USD
+0.56 (+1.5%)
Taking everything into account, SMR scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month SMR has a been trading in the 30.62 - 48.55 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, SMR did better than 98% of all other stocks. We also observe that the gains produced by SMR over the past year are nicely spread over this period.
SMR is one of the better performing stocks in the Electrical Equipment industry, it outperforms 96% of 92 stocks in the same industry.
SMR has an average volume of 12726500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SMR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SMR is lagging the market.
Besides having an excellent technical rating, SMR also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 37.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.04, a Stop Loss order could be placed below this zone.
More info and screens
32.31
37.65
We found 2 important support areas.
- A support zone ranging from 34.64 to 35.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.64 to 32.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 37.25 to 37.28. This zone is formed by a combination of multiple trend lines and important moving averages 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 SMR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SMR is neutral. |
| ChartMill Relative Strength | 98.86 | POSITIVE | SMR has a high relative strength, it outperformed 98.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SMR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SMR is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SMR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.79 | NEUTRAL | The RSI value for SMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests SMR has a positive trend. |
| Stochastics (14,3) | 58.8 | NEUTRAL | The Stochastics value for SMR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.88 | HIGH VOLATILITY | The high ATR as a percentage value for SMR suggests high volalility. |
| Average Directional Index/ADX (14) | 21.74 | NEUTRAL | The ADX value for SMR suggests a possible start of a new 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 |
|---|---|---|---|
| 37.29 | 34.63 | 2.66 (7.13%) | 14.02% |
| An entry @37.29. This is a Buy Stop order right above the resistance zone. | An exit @34.63. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.66 points, which is 7.13%. | When investing 14.02% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SMR. 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.
37.24
+2.59 (+7.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg7.47%
1 Week3.73%
2 Weeks6.46%
1 Month-14.15%
3 Month8.38%
6 Month138.26%
12 Month433.52%
2 Year660%
3 Year218.84%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.62
ATR(20)%7.88%
ATR Inc73.05%
Range Today5.89
ADR(20)2.9
ADR(20)%7.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.86
Mansfield3.9
10 Day High38.49
10 Day Low30.62
20 Day High48.56
20 Day Low30.62
52 Week High53.5
52 Week Low7.02
CS1 End35.04
CR1 Start37.25
Volume & EV
DER(3)1.15%
DER(5)-0.37%
Volume20.74M
Volume Incr-6.87%
Vol(5)12.01M
Vol(50)12.73M