SMARTRENT INC (SMRT) Stock Technical Analysis
USA - NYSE:SMRT - US83193G1076 - Common Stock
Overall SMRT gets a technical rating of 6 out of 10. Although SMRT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, 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 1.39, a Stop Loss order could be placed below this zone.
More info and screens
1.24
We found 2 important support areas.
- A support zone ranging from 1.35 to 1.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.25 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.46 to 1.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.50 to 1.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.59 from a horizontal 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 | 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 | 61.36 | NEUTRAL | SMRT is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of SMRT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SMRT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.07 | NEUTRAL | The RSI value for SMRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SMRT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.01 | NEUTRAL | The Stochastics value for SMRT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.3 | HIGH VOLATILITY | The high ATR as a percentage value for SMRT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.88 | NEUTRAL | The ADX value for SMRT suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 1.47 | 1.34 | 0.13 (8.84%) | 11.31% |
| An entry @1.47. This is a Buy Stop order right above the resistance zone. | An exit @1.34. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.13 points, which is 8.84%. | For a 1.00% total portfolio risk, you can invest 11.31% of your capital in this trade. |
- 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.
1.45
-0.03 (-2.03%)
SMARTRENT INC / SMRT FAQ
What is the technical rating for SMRT stock?
ChartMill assigns a technical rating of 6 / 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 51.0695. This indicates that the stock is currently neutral.
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 1.39 and a resistance level at 1.46. Check the full technical report for our detailed analysis of SMRT support and resistance levels.