SMWB Technical Analysis - SIMILARWEB LTD

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to SMWB. Both in the recent history as in the last year, SMWB has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

SMWB is part of the Software industry. There are 280 other stocks in this industry. SMWB outperforms 73% of them.

SMWB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.

Looking at the yearly performance, SMWB did better than 84% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

SMWB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SMWB is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SIMILARWEB LTD / SMWB Weekly stock chart

Setup Rating and Analysis

Although SMWB has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.91

10.51

3 important support areas can be observed.

A support zone ranging from 9.70 to 9.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 7.21 to 7.29. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Support @6.98 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 10.40 to 10.41. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The long term trend for SMWB is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SMWB is up.
ChartMill Relative Strength	84.08	POSITIVE	SMWB has a high relative strength, it outperformed 84.08% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SMWB is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SMWB is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of SMWB is above a declining SMA(200).
Relative Strength Index/RSI (14)	63.66	NEUTRAL	The RSI value for SMWB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests SMWB has a positive trend, although the MACD value is declining.
Stochastics (14,3)	63.5	NEUTRAL	The Stochastics value for SMWB is a neutral value.
Average True Range in percent/ATR (20)	4.71	MEDIUM VOLATILITY	The ATR as a percentage value for SMWB suggests some volalility.
Average Directional Index/ADX (14)	27.78	POSITIVE	The high ADX value value for SMWB suggests a strong trend.