SMX SECURITY MATTERS PLC (SMX) Stock Technical Analysis
NASDAQ:SMX • IE000UPDVNX9
Overall SMX gets a technical rating of 0 out of 10. SMX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, SMX is a bad performer in the overall market: 79% of all stocks are doing better.
- SMX is part of the Electronic Equipment, Instruments & Components industry. There are 122 other stocks in this industry, of which 73% are performing better than SMX.
- 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 40.48 - 103.27 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 2430530 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.
Although the technical rating is bad, SMX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
40.36
We found 1 important support area.
- Support @40.77 from a horizontal line 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 | 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 | 21.88 | NEGATIVE | SMX has a low relative strength, it was outperformed by 78.12% 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) | 37.93 | NEUTRAL | The RSI value for SMX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 10.04 | POSITIVE | The MACD value suggests SMX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 9.35 | OVERSOLD | The low Stochastics value suggests SMX may be oversold. |
| Average True Range in percent/ATR (20) | 38.86 | HIGH VOLATILITY | The high ATR as a percentage value for SMX suggests high volalility. |
| Average Directional Index/ADX (14) | 9.53 | NEGATIVE | The low ADX value for SMX suggests a weak or negative trend. |
41.91
-4.71 (-10.1%)
SMX SECURITY MATTERS PLC / SMX FAQ
What is the technical rating for SMX stock?
ChartMill assigns a technical rating of 0 / 10 to SMX.
What is the trend direction for SMX stock?
The current trend direction for SMX SECURITY MATTERS PLC (SMX) is Bearish.
What is the RSI signal for SMX stock?
SMX SECURITY MATTERS PLC (SMX) has an RSI value of 37.9332. This indicates that the stock is currently neutral.
What is the buy/sell signal for SMX stock?
The buy/sell signal for SMX SECURITY MATTERS PLC (SMX) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for SMX SECURITY MATTERS PLC (SMX) stock?
SMX SECURITY MATTERS PLC (SMX) has a support level at 40.77. Check the full technical report for our detailed analysis of SMX support and resistance levels.