Taking everything into account, SMX scores 1 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, SMX is a bad performer in the overall market: 100% of all stocks are doing better.
- SMX is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, of which 92% 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 14.83 - 198.00 range, which is quite wide. It is currently trading near the lows of this range.
- SMX has an average volume of 4322000 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.
SMX has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
20.44
When analyzing the support we notice one important area.
- A support zone ranging from 20.65 to 20.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 23.89 to 24.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @40.69 from a trend 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 | 0.4 | NEGATIVE | SMX has a low relative strength, it was outperformed by 99.6% 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) | UP | MIXED | The current price of SMX is below the rising 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) | 40.52 | NEUTRAL | The RSI value for SMX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.33 | NEGATIVE | The MACD value suggests SMX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.59 | OVERSOLD | The low Stochastics value suggests SMX may be oversold. |
| Average True Range in percent/ATR (20) | 92.77 | HIGH VOLATILITY | The high ATR as a percentage value for SMX suggests high volalility. |
| Average Directional Index/ADX (14) | 21.26 | NEUTRAL | The ADX value for SMX suggests a possible start of a new trend. |
23.88
-0.47 (-1.93%)
SMX SECURITY MATTERS PLC / SMX FAQ
What is the technical rating for SMX stock?
ChartMill assigns a technical rating of 1 / 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 40.5249. 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 20.84 and a resistance level at 23.89. Check the full technical report for our detailed analysis of SMX support and resistance levels.