SOLARMAX TECHNOLOGY INC (SMXT) Technical Analysis
NASDAQ:SMXT • US83419H1032
Current stock price
SMXT Technical Rating and Analysis
Taking everything into account, SMXT scores 0 out of 10 in our technical rating. 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.
- 94% of all other stocks performed better in the past year than SMXT.
- SMXT is part of the Electrical Equipment industry. There are 91 other stocks in this industry, of which 84% are performing better than SMXT.
- 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 0.48 - 0.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
SMXT Weekly and Daily overview Charts
SMXT Setup Rating and Analysis
The technical rating of SMXT is bad and it also does not present a quality setup 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
SMXT Support and Resistance Analysis
0.60
5 important resistance areas can be observed.
- A resistance zone ranging from 0.63 to 0.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.67 to 0.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.71 to 0.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.78 from a trend line in the weekly time frame.
- Resistance @1.02 from a horizontal line in the daily time frame.
SMXT 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 SMXT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SMXT is down. |
| ChartMill Relative Strength | 6.84 | NEGATIVE | SMXT has a low relative strength, it was outperformed by 93.16% 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) | 42.37 | 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) | 36.23 | NEUTRAL | The Stochastics value for SMXT is a neutral value. |
| Average True Range in percent/ATR (20) | 13.26 | HIGH VOLATILITY | The high ATR as a percentage value for SMXT suggests high volalility. |
| Average Directional Index/ADX (14) | 14.81 | NEGATIVE | The low ADX value for SMXT suggests a weak or negative trend. |
SMXT Chart- and CandleStick Pattern Analysis
SMXT Technicals: Chart, Performance Metrics, Trend & Indicators
0.6026
+0 (+0.6%)
SOLARMAX TECHNOLOGY INC / SMXT TA 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 SMXT stock?
SOLARMAX TECHNOLOGY INC (SMXT) has an RSI value of 42.365. This indicates that the stock is currently neutral.
What is the buy/sell signal for SOLARMAX TECHNOLOGY INC (SMXT) stock?
The buy/sell signal for SOLARMAX TECHNOLOGY INC (SMXT) is sell as both the short term and long term trends are negative.
What is the support and resistance level for SMXT stock?
SOLARMAX TECHNOLOGY INC (SMXT) has a resistance level at 0.63. Check the full technical report for our detailed analysis of SMXT support and resistance levels.