SIMILARWEB LTD (SMWB) Stock Technical Analysis
NYSE:SMWB - New York Stock Exchange, Inc. - IL0011751653 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to SMWB. In the past year, SMWB was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
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.
In the last month SMWB has a been trading in the 7.07 - 8.84 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Looking at the yearly performance, SMWB did better than 78% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
SMWB is an average performer in the Software industry, it outperforms 60% of 282 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SMWB has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
7.07
8.93
2 important support areas can be observed.
- A support zone ranging from 7.26 to 7.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @7.14 from a trend line in the weekly 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 SMWB is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMWB is up. |
| ChartMill Relative Strength | 78.19 | POSITIVE | SMWB has a high relative strength, it outperformed 78.19% 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) | 67.8 | NEUTRAL | The RSI value for SMWB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests SMWB has a positive trend. |
| Stochastics (14,3) | 91.61 | OVERBOUGHT | The high Stochastics value suggests SMWB may be overbought. |
| Average True Range in percent/ATR (20) | 4.73 | MEDIUM VOLATILITY | The ATR as a percentage value for SMWB suggests some volalility. |
| Average Directional Index/ADX (14) | 15.67 | NEGATIVE | The low ADX value for SMWB suggests a weak or negative 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)
8.84
+0.34 (+4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg4%
1 Week14.21%
2 Weeks21.93%
1 Month16.93%
3 Month27.38%
6 Month-39.08%
12 Month22.95%
2 Year22.95%
3 Year6.12%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%4.73%
ATR Inc1.88%
Range Today0.5
ADR(20)0.38
ADR(20)%4.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.19
Mansfield-1.56
10 Day High8.84
10 Day Low7.07
20 Day High8.84
20 Day Low7.07
52 Week High17.64
52 Week Low5.71
CS1 End7.29
CR1 Start7.9
Volume & EV
DER(3)4.79%
DER(5)3.72%
Volume372.19K
Volume Incr16.39%
Vol(5)591.13K
Vol(50)604.75K