SOLARMAX TECHNOLOGY INC (SMXT) Stock Technical Analysis
NASDAQ:SMXT • US83419H1032
We assign a technical rating of 0 out of 10 to SMXT. SMXT'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, SMXT is a bad performer in the overall market: 92% of all stocks are doing better.
- SMXT is one of the lesser performing stocks in the Electrical Equipment industry. 76% of 92 stocks in the same industry do better.
- SMXT 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 SMXT has a been trading in the 0.66 - 1.06 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.
- SMXT has an average volume of 1313390 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, SMXT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.74, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SMXT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.70
2 important support areas can be observed.
- A support zone ranging from 0.73 to 0.74. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @0.71 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.89 to 0.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.93 from a trend line in the daily time frame.
- Resistance @1.02 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 SMXT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SMXT is down. |
| ChartMill Relative Strength | 8.03 | NEGATIVE | SMXT has a low relative strength, it was outperformed by 91.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SMXT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SMXT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SMXT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.75 | NEUTRAL | The RSI value for SMXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SMXT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.55 | OVERSOLD | The low Stochastics value suggests SMXT may be oversold. |
| Average True Range in percent/ATR (20) | 14.83 | HIGH VOLATILITY | The high ATR as a percentage value for SMXT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.38 | NEUTRAL | The ADX value for SMXT suggests a possible start of a new trend. |
0.7367
+0.01 (+1.88%)
SOLARMAX TECHNOLOGY INC / SMXT FAQ
What is the technical rating for SMXT stock?
ChartMill assigns a technical rating of 0 / 10 to SMXT.
What is the current trend direction of SOLARMAX TECHNOLOGY INC (SMXT) stock?
The current trend direction for SOLARMAX TECHNOLOGY INC (SMXT) is Bearish.
What is the RSI signal for SOLARMAX TECHNOLOGY INC (SMXT) stock?
SOLARMAX TECHNOLOGY INC (SMXT) has an RSI value of 42.7526. This indicates that the stock is currently neutral.
What is the MACD signal for SMXT stock?
The MACD indicator for SOLARMAX TECHNOLOGY INC (SMXT) has a value of -0.0149123, indicating a bearish trend.
Can you provide the support and resistance levels for SOLARMAX TECHNOLOGY INC?
SOLARMAX TECHNOLOGY INC (SMXT) has a support level at 0.74 and a resistance level at 0.89. Check the full technical report for our detailed analysis of SMXT support and resistance levels.