SIMILARWEB LTD (SMWB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SMWB - IL0011751653 - Common Stock
We assign a technical rating of 0 out of 10 to SMWB. SMWB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
SMWB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.47, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SMWB 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.
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3 important support areas can be observed.
- Support @7.47 from a trend line in the weekly time frame.
- A support zone ranging from 7.21 to 7.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.84 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 7.71 to 7.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.16 to 8.24. This zone is formed by a combination of multiple trend lines and important moving averages 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 SMWB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SMWB is down. |
| ChartMill Relative Strength | 9.72 | NEGATIVE | SMWB has a low relative strength, it was outperformed by 90.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SMWB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SMWB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SMWB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.11 | NEUTRAL | The RSI value for SMWB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests SMWB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.55 | NEUTRAL | The Stochastics value for SMWB is a neutral value. |
| Average True Range in percent/ATR (20) | 5.86 | HIGH VOLATILITY | The high ATR as a percentage value for SMWB suggests high volalility. |
| Average Directional Index/ADX (14) | 15.43 | NEGATIVE | The low ADX value for SMWB suggests a weak or negative trend. |
7.57
-0.2 (-2.57%)
SIMILARWEB LTD / SMWB FAQ
What is the technical rating for SMWB stock?
ChartMill assigns a technical rating of 0 / 10 to SMWB.
What is the current trend direction of SIMILARWEB LTD (SMWB) stock?
The current trend direction for SIMILARWEB LTD (SMWB) is Bearish.
What is the RSI signal for SMWB stock?
SIMILARWEB LTD (SMWB) has an RSI value of 42.1147. This indicates that the stock is currently neutral.
What is the buy/sell signal for SIMILARWEB LTD (SMWB) stock?
The buy/sell signal for SIMILARWEB LTD (SMWB) is sell as both the short term and long term trends are negative.
What is the support and resistance level for SMWB stock?
SIMILARWEB LTD (SMWB) has a support level at 7.47 and a resistance level at 7.71. Check the full technical report for our detailed analysis of SMWB support and resistance levels.