SIMILARWEB LTD (SMWB) Stock Technical Analysis
NYSE:SMWB - New York Stock Exchange, Inc. - IL0011751653 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to SMWB. Although SMWB has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
SMWB 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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
SMWB is one of the better performing stocks in the Software industry, it outperforms 71% of 281 stocks in the same industry.
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.
When comparing the yearly performance of all stocks, we notice that SMWB is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Besides having an excellent technical rating, SMWB also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 8.30, a Stop Loss order could be placed below this zone.
More info and screens
7.18
9.39
We found 3 important support areas.
- A support zone ranging from 8.19 to 8.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.65 from a trend line in the daily time frame.
- A support zone ranging from 7.25 to 7.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.85 to 8.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.20 to 9.30. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for SMWB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMWB is up. |
| ChartMill Relative Strength | 84.05 | POSITIVE | SMWB has a high relative strength, it outperformed 84.05% 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) | UP | MIXED | The current price of SMWB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.03 | NEUTRAL | The RSI value for SMWB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SMWB has a negative trend. |
| Stochastics (14,3) | 53.33 | NEUTRAL | The Stochastics value for SMWB is a neutral value. |
| Average True Range in percent/ATR (20) | 5.07 | HIGH VOLATILITY | The high ATR as a percentage value for SMWB suggests high volalility. |
| Average Directional Index/ADX (14) | 25.39 | POSITIVE | The high ADX value value for SMWB suggests a strong 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)
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 |
|---|---|---|---|
| 8.91 | 8.18 | 0.73 (8.19%) | 12.21% |
| An entry @8.91. This is a Buy Stop order right above the resistance zone. | An exit @8.18. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.73 points, which is 8.19%. | When investing 12.21% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
8.68
-0.16 (-1.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.81%
1 Week-3.34%
2 Weeks5.85%
1 Month10.71%
3 Month13.76%
6 Month-46.45%
12 Month40.91%
2 Year20.72%
3 Year4.2%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%5.07%
ATR Inc-2.81%
Range Today0.47
ADR(20)0.44
ADR(20)%5.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.05
Mansfield-1.9
10 Day High9.26
10 Day Low8.11
20 Day High9.26
20 Day Low7.68
52 Week High17.64
52 Week Low5.71
CS1 End8.3
CR1 Start8.85
Volume & EV
DER(3)-0.24%
DER(5)1.82%
Volume210.60K
Volume Incr-35.79%
Vol(5)340.96K
Vol(50)593.72K