SMARTRENT INC (SMRT) Stock Technical Analysis
NYSE:SMRT - New York Stock Exchange, Inc. - US83193G1076 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to SMRT. SMRT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
95% of all other stocks performed better in the past year than SMRT.
SMRT is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 90% of 125 stocks in the same industry do better.
SMRT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SMRT is lagging the market.
SMRT has an average volume of 2136760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SMRT has a been trading in the 0.74 - 0.99 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, 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 0.88, 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.77
1.29
2 important support areas can be observed.
- A support zone ranging from 0.87 to 0.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.78 to 0.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.92 to 0.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.96 to 0.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.19 from a trend line in the weekly time frame.
- Resistance @1.28 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 | DOWN | NEGATIVE | The long term trend for SMRT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SMRT is neutral. |
| ChartMill Relative Strength | 5.15 | NEGATIVE | SMRT has a low relative strength, it was outperformed by 94.85% 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) | DOWN | MIXED | The current price of SMRT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SMRT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.76 | 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) | 56.79 | NEUTRAL | The Stochastics value for SMRT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.6 | HIGH VOLATILITY | The high ATR as a percentage value for SMRT suggests high volalility. |
| Average Directional Index/ADX (14) | 11.77 | NEGATIVE | The low ADX value for SMRT suggests a weak or negative 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)
0.8846
-0.02 (-1.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-1.74%
1 Week-3.46%
2 Weeks4.77%
1 Month17.79%
3 Month-25.03%
6 Month-51.66%
12 Month-63.14%
2 Year-76.9%
3 Year-80.43%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%7.6%
ATR Inc-4.34%
Range Today0.05
ADR(20)0.07
ADR(20)%7.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.15
Mansfield-4.42
10 Day High0.99
10 Day Low0.81
20 Day High0.99
20 Day Low0.74
52 Week High2.56
52 Week Low0.67
CS1 End0.88
CR1 Start0.92
Volume & EV
DER(3)7.7%
DER(5)4.23%
Volume1.88M
Volume Incr-9.66%
Vol(5)1.92M
Vol(50)2.14M