SANARA MEDTECH INC (SMTI) Stock Technical Analysis
NASDAQ:SMTI - Nasdaq - US79957L1008 - Common Stock - Currency: USD
Overall SMTI gets a technical rating of 4 out of 10. In the past year, SMTI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, SMTI is a bad performer in the overall market: 79% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month SMTI has a been trading in the 23.53 - 32.00 range, which is quite wide. It is currently trading near the high of this range.
SMTI is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, SMTI did better than 51% of them.
SMTI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SMTI is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SMTI has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
29.38
35.96
We can see 5 important resistance areas.
- Resistance @29.69 from a horizontal line in the weekly time frame.
- Resistance @31.92 from a horizontal line in the daily time frame.
- Resistance @32.52 from a trend line in the daily time frame.
- Resistance @34.95 from a trend line in the weekly time frame.
- Resistance @35.60 from a horizontal line in the daily 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 SMTI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMTI is up. |
| ChartMill Relative Strength | 21.05 | NEGATIVE | SMTI has a low relative strength, it was outperformed by 78.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SMTI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SMTI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SMTI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.76 | NEUTRAL | The RSI value for SMTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.78 | POSITIVE | The MACD value suggests SMTI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.26 | OVERBOUGHT | The high Stochastics value suggests SMTI may be overbought. |
| Average True Range in percent/ATR (20) | 4.96 | MEDIUM VOLATILITY | The ATR as a percentage value for SMTI suggests some volalility. |
| Average Directional Index/ADX (14) | 30.46 | POSITIVE | The high ADX value value for SMTI suggests a strong 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)
29.68
-0.72 (-2.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-2.37%
1 Week19.68%
2 Weeks22.85%
1 Month12.81%
3 Month-5.78%
6 Month-15.25%
12 Month-8.48%
2 Year-17.92%
3 Year-13.34%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.53
ATR(20)%4.96%
ATR Inc24.6%
Range Today1.42
ADR(20)1.37
ADR(20)%4.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.05
Mansfield-1.55
10 Day High32
10 Day Low24.01
20 Day High32
20 Day Low23.53
52 Week High39.08
52 Week Low23.53
CS1 EndN/A
CR1 Start29.69
Volume & EV
DER(3)-0.1%
DER(5)1.02%
Volume31.93K
Volume Incr9.7%
Vol(5)52.17K
Vol(50)47.56K