SMX Technical Analysis - SMX SECURITY MATTERS PLC-A

Technical Rating and Analysis

Overall SMX gets a technical rating of 0 out of 10. SMX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

100% of all other stocks performed better in the past year than SMX.

SMX is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 95% of 124 stocks in the same industry do better.

SMX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month SMX has a been trading in the 1.22 - 1.91 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

SMX has an average volume of 5171170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SMX SECURITY MATTERS PLC-A / SMX Weekly stock chart

SMX SECURITY MATTERS PLC-A / SMX Daily stock chart

Setup Rating and Analysis

SMX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 1.22, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.20

1.31

When analyzing the support we notice one important area.

A support zone ranging from 1.21 to 1.22. This zone is formed by a combination of multiple trend lines in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	DOWN	NEGATIVE	The long term trend for SMX is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SMX is down.
ChartMill Relative Strength	0.07	NEGATIVE	SMX has a low relative strength, it was outperformed by 99.93% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SMX is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SMX is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SMX is below a declining SMA(200).
Relative Strength Index/RSI (14)	34.16	NEUTRAL	The RSI value for SMX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.21	POSITIVE	The MACD value suggests SMX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	14.01	OVERSOLD	The low Stochastics value suggests SMX may be oversold.
Average True Range in percent/ATR (20)	13.96	HIGH VOLATILITY	The high ATR as a percentage value for SMX suggests high volalility.
Average Directional Index/ADX (14)	10.24	NEGATIVE	The low ADX value for SMX suggests a weak or negative trend.