SANARA MEDTECH INC (SMTI) Stock Technical Analysis
USA - NASDAQ:SMTI - US79957L1008 - Common Stock
28.26 USD
-1.04 (-3.55%)
28.6 USD
+0.34 (+1.2%)
Taking everything into account, SMTI scores 1 out of 10 in our technical rating. SMTI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, SMTI is a bad performer in the overall market: 71% of all stocks are doing better.
In the last month SMTI has a been trading in the 28.00 - 35.00 range, which is quite wide. It is currently trading near the lows of this range.
Warning: SMTI has an average volume of 28899 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
SMTI is part of the Health Care Equipment & Supplies industry. There are 191 other stocks in this industry, SMTI did better than 56% 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.
The technical rating of SMTI is bad and it also does not present a 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
23.92
35.96
When analyzing the support we notice one important area.
- A support zone ranging from 24.16 to 24.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 31.09 to 31.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 31.97 to 32.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 34.30 to 34.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The short term trend for SMTI is down. |
| ChartMill Relative Strength | 29.51 | NEGATIVE | SMTI has a low relative strength, it was outperformed by 70.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SMTI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SMTI is below 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) | 34.33 | NEUTRAL | The RSI value for SMTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests SMTI has a negative trend. |
| Stochastics (14,3) | 5.78 | OVERSOLD | The low Stochastics value suggests SMTI may be oversold. |
| Average True Range in percent/ATR (20) | 5.17 | HIGH VOLATILITY | The high ATR as a percentage value for SMTI suggests high volalility. |
| Average Directional Index/ADX (14) | 15.37 | NEGATIVE | The low ADX value for SMTI 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)
28.26
-1.04 (-3.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-3.55%
1 Week-5.36%
2 Weeks-9.39%
1 Month-14.08%
3 Month7.41%
6 Month-3.98%
12 Month-15.11%
2 Year2.8%
3 Year-4.46%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.52
ATR(20)%5.17%
ATR Inc15.34%
Range Today1.07
ADR(20)1.39
ADR(20)%4.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.51
Mansfield-1.97
10 Day High35
10 Day Low28
20 Day High35
20 Day Low28
52 Week High39.08
52 Week Low23.53
CS1 End24.16
CR1 Start31.09
Volume & EV
DER(3)3.91%
DER(5)6.75%
Volume29.30K
Volume Incr-1.51%
Vol(5)23.10K
Vol(50)28.90K