Smtc Corp (SMTX) Stock Technical Analysis
USA - NASDAQ:SMTX -
Overall SMTX gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SMTX is showing a nice and steady performance.
Although SMTX has an excellent technical rating, the quality of the presented setup is not ideal 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.
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4.00
We found 2 important support areas.
- A support zone ranging from 5.83 to 6.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.04 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.05 to 6.05. 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 | UP | POSITIVE | The long term trend for SMTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMTX is up. |
| ChartMill Relative Strength | 87.65 | POSITIVE | SMTX has a high relative strength, it outperformed 87.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SMTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SMTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SMTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.49 | OVERBOUGHT | The high RSI value suggests SMTX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SMTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 93.62 | OVERBOUGHT | The high Stochastics value suggests SMTX may be overbought. |
| Average True Range in percent/ATR (20) | 0.51 | LOW VOLATILITY | The low ATR as a percentage value for SMTX suggests low volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.06 | 5.94 | 0.12 (1.98%) | 25.00% |
| An entry @6.06. This is a Buy Stop order right above the resistance zone. | An exit @5.94. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.12 points, which is 1.98%. | For a 0.50% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
6.04
+0.03 (+0.5%)
Smtc Corp / SMTX FAQ
What is the ChartMill technical rating of Smtc Corp (SMTX) stock?
ChartMill assigns a technical rating of 9 / 10 to SMTX.
Can you provide the trend direction for Smtc Corp?
The current trend direction for Smtc Corp (SMTX) is Bullish.
What is the RSI signal for SMTX stock?
Smtc Corp (SMTX) has an RSI value of 77.485. This indicates that the stock is currently overbought.
What is the MACD signal for SMTX stock?
The MACD indicator for Smtc Corp (SMTX) has a value of -0.000563466, indicating a bearish trend.
What is the buy/sell signal for SMTX stock?
The buy/sell signal for Smtc Corp (SMTX) is buy as both the short term and long term trends are positive.