We assign a technical rating of 0 out of 10 to SMTK. SMTK 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 98% of all other stocks performed better in the past year than SMTK.
- SMTK is part of the Semiconductors & Semiconductor Equipment industry. There are 113 other stocks in this industry, of which 94% are performing better than SMTK.
- SMTK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month SMTK has a been trading in the 0.80 - 1.67 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of SMTK is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.85
We can see 4 important resistance areas.
- Resistance @1.16 from a trend line in the daily time frame.
- Resistance @1.30 from a trend line in the daily time frame.
- Resistance @1.66 from a trend line in the weekly time frame.
- Resistance @1.73 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 | 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 | 2.54 | NEGATIVE | SMTK has a low relative strength, it was outperformed by 97.46% 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) | 31.53 | NEUTRAL | The RSI value for SMTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SMTK has a negative trend. |
| Stochastics (14,3) | 13.33 | OVERSOLD | The low Stochastics value suggests SMTK may be oversold. |
| Average True Range in percent/ATR (20) | 19.35 | HIGH VOLATILITY | The high ATR as a percentage value for SMTK suggests high volalility. |
| Average Directional Index/ADX (14) | 24.53 | NEUTRAL | The ADX value for SMTK suggests a possible start of a new trend. |
0.8563
-0.16 (-16.05%)
SMARTKEM INC / SMTK 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 31.527. 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 resistance level at 1.16. Check the full technical report for our detailed analysis of SMTK support and resistance levels.