SMARTRENT INC (SMRT) Stock Technical Analysis
NYSE:SMRT • US83193G1076
Taking everything into account, SMRT scores 1 out of 10 in our technical rating. SMRT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month SMRT has a been trading in the 1.56 - 1.81 range, which is quite wide. It is currently trading near the lows of this range.
- SMRT has an average volume of 1310610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, SMRT outperforms 68% of them, which is more or less in line with the market.
- SMRT is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 49% of 124 stocks in the same industry.
- SMRT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SMRT is lagging the market.
Although the technical rating is bad, SMRT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.59, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SMRT 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.
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1.57
When analyzing the support we notice one important area.
- A support zone ranging from 1.59 to 1.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.67 to 1.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.76 from a horizontal line in the daily time frame.
- Resistance @2.02 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for SMRT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SMRT is down. |
| ChartMill Relative Strength | 68.4 | NEUTRAL | SMRT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SMRT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SMRT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SMRT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.98 | NEUTRAL | The RSI value for SMRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SMRT has a negative trend. |
| Stochastics (14,3) | 28.76 | NEUTRAL | The Stochastics value for SMRT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.84 | MEDIUM VOLATILITY | The ATR as a percentage value for SMRT suggests some volalility. |
| Average Directional Index/ADX (14) | 14.6 | NEGATIVE | The low ADX value for SMRT suggests a weak or negative trend. |
1.6
-0.04 (-2.44%)
SMARTRENT INC / SMRT FAQ
What is the technical rating for SMRT stock?
ChartMill assigns a technical rating of 1 / 10 to SMRT.
Can you provide the trend direction for SMARTRENT INC?
The current trend direction for SMARTRENT INC (SMRT) is Bearish.
Can you provide the RSI signal for SMARTRENT INC?
SMARTRENT INC (SMRT) has an RSI value of 38.9769. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SMARTRENT INC?
The short term momentum for SMARTRENT INC (SMRT) is negative.