SMARTKEM INC (SMTK) Technical Analysis
NASDAQ:SMTK • US83193D2036
Current stock price
SMTK Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to SMTK. SMTK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than SMTK.
- SMTK is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, of which 95% are performing better than SMTK.
- SMTK is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SMTK is lagging the market.
- In the last month SMTK has a been trading in the 0.22 - 0.34 range, which is quite wide. It is currently trading near the lows of this range.
- SMTK has an average volume of 1003080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
SMTK Weekly and Daily overview Charts
SMTK Setup Rating and Analysis
Although the technical rating is bad, SMTK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for SMTK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
SMTK Support and Resistance Analysis
0.24
We found 1 important support area.
- Support @0.24 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.27 to 0.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.31 from a horizontal line in the daily time frame.
- Resistance @0.40 from a trend line in the daily time frame.
SMTK Technical Indicator Signal Analysis
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 SMTK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SMTK is down. |
| ChartMill Relative Strength | 0.65 | NEGATIVE | SMTK has a low relative strength, it was outperformed by 99.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SMTK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SMTK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SMTK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.12 | NEUTRAL | The RSI value for SMTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SMTK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 27.12 | NEUTRAL | The Stochastics value for SMTK is a neutral value. |
| Average True Range in percent/ATR (20) | 13.49 | HIGH VOLATILITY | The high ATR as a percentage value for SMTK suggests high volalility. |
| Average Directional Index/ADX (14) | 42.74 | POSITIVE | The high ADX value value for SMTK suggests a strong trend. |
SMTK Chart- and CandleStick Pattern Analysis
SMTK Technicals: Chart, Performance Metrics, Trend & Indicators
0.2585
0 (-1.34%)
SMARTKEM INC / SMTK TA FAQ
Can you provide the ChartMill technical rating for SMARTKEM INC?
ChartMill assigns a technical rating of 0 / 10 to SMTK.
What is the trend direction for SMTK stock?
The current trend direction for SMARTKEM INC (SMTK) is Bearish.
What is the RSI signal for SMTK stock?
SMARTKEM INC (SMTK) has an RSI value of 32.1163. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for SMARTKEM INC?
The buy/sell signal for SMARTKEM INC (SMTK) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for SMARTKEM INC (SMTK) stock?
SMARTKEM INC (SMTK) has a support level at 0.24 and a resistance level at 0.27. Check the full technical report for our detailed analysis of SMTK support and resistance levels.