SMARTKEM INC (SMTK) Stock Technical Analysis
NASDAQ:SMTK - Nasdaq - US83193D2036 - Common Stock - Currency: USD
We assign a technical rating of 1 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, SMTK is a bad performer in the overall market: 100% of all stocks are doing better.
SMTK is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry, of which 97% are performing better than SMTK.
SMTK is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month SMTK has a been trading in the 0.78 - 1.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
SMTK has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.96, a Stop Loss order could be placed below this zone.
More info and screens
0.94
1.07
When analyzing the support we notice one important area.
- A support zone ranging from 0.95 to 0.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.05 to 1.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 0.86 | NEGATIVE | SMTK has a low relative strength, it was outperformed by 99.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SMTK is below the rising 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) | 42.88 | NEUTRAL | The RSI value for SMTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SMTK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.96 | NEUTRAL | The Stochastics value for SMTK is a neutral value. |
| Average True Range in percent/ATR (20) | 10.57 | HIGH VOLATILITY | The high ATR as a percentage value for SMTK suggests high volalility. |
| Average Directional Index/ADX (14) | 22.07 | NEUTRAL | The ADX value for SMTK suggests a possible start of a new 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)
0.96
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0%
1 Week-8.54%
2 Weeks-3.02%
1 Month4.34%
3 Month-58.44%
6 Month-71.76%
12 Month-83.65%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%10.57%
ATR Inc-54.94%
Range Today0.04
ADR(20)0.1
ADR(20)%10.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.86
Mansfield-7.16
10 Day High1.23
10 Day Low0.78
20 Day High1.23
20 Day Low0.78
52 Week High7.8
52 Week Low0.78
CS1 End0.96
CR1 Start1.05
Volume & EV
DER(3)-15.89%
DER(5)-17.92%
Volume39.50K
Volume Incr-85.69%
Vol(5)54.68K
Vol(50)201.79K