SMARTRENT INC (SMRT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SMRT - US83193G1076 - Common Stock
Taking everything into account, SMRT scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, SMRT has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although SMRT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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1.30
We found 4 important support areas.
- Support @1.68 from a horizontal line in the daily time frame.
- A support zone ranging from 1.47 to 1.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.36 from a horizontal line in the daily time frame.
- Support @1.31 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.96 to 1.98. 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 SMRT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMRT is up. |
| ChartMill Relative Strength | 85.48 | POSITIVE | SMRT has a high relative strength, it outperformed 85.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SMRT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SMRT is above the rising 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) | 78.83 | OVERBOUGHT | The high RSI value suggests SMRT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SMRT has a positive trend. |
| Stochastics (14,3) | 83.85 | OVERBOUGHT | The high Stochastics value suggests SMRT may be overbought. |
| Average True Range in percent/ATR (20) | 4.71 | MEDIUM VOLATILITY | The ATR as a percentage value for SMRT suggests some volalility. |
| Average Directional Index/ADX (14) | 33.79 | POSITIVE | The high ADX value value for SMRT suggests a strong trend. |
1.89
-0.08 (-4.06%)
SMARTRENT INC / SMRT FAQ
What is the technical rating for SMRT stock?
ChartMill assigns a technical rating of 9 / 10 to SMRT.
What is the current trend direction of SMARTRENT INC (SMRT) stock?
The current trend direction for SMARTRENT INC (SMRT) is Bullish.
Can you provide the RSI signal for SMARTRENT INC?
SMARTRENT INC (SMRT) has an RSI value of 78.8343. This indicates that the stock is currently overbought.
What is the short term momentum for SMARTRENT INC (SMRT) stock?
The short term momentum for SMARTRENT INC (SMRT) is positive.
What are the support and resistance levels for SMARTRENT INC (SMRT) stock?
SMARTRENT INC (SMRT) has a support level at 1.68. Check the full technical report for our detailed analysis of SMRT support and resistance levels.