SOLARMAX TECHNOLOGY INC (SMXT) Stock Technical Analysis
NASDAQ:SMXT - US83419H1032 - Common Stock
1.26 USD
+0.02 (+1.61%)
1.24 USD
-0.02 (-1.59%)
Overall SMXT gets a technical rating of 7 out of 10. In the last year, SMXT was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
In the last month SMXT has a been trading in the 0.87 - 2.50 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
SMXT has an average volume of 7115070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SMXT is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
SMXT is an average performer in the Electrical Equipment industry, it outperforms 47% of 93 stocks in the same industry.
SMXT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SMXT is lagging the market.
Although SMXT has an excellent technical rating, it does not offer a high 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
0.96
1.62
When analyzing the support we notice one important area.
- Support @0.97 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.27 to 1.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.60 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 | NEUTRAL | NEUTRAL | The long term trend for SMXT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMXT is up. |
| ChartMill Relative Strength | 71.3 | POSITIVE | SMXT has a high relative strength, it outperformed 71.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SMXT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SMXT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SMXT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.69 | NEUTRAL | The RSI value for SMXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SMXT has a positive trend. |
| Stochastics (14,3) | 75.01 | NEUTRAL | The Stochastics value for SMXT is a neutral value. |
| Average True Range in percent/ATR (20) | 15.67 | HIGH VOLATILITY | The high ATR as a percentage value for SMXT suggests high volalility. |
| Average Directional Index/ADX (14) | 29.84 | POSITIVE | The high ADX value value for SMXT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.26
+0.02 (+1.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg1.61%
1 Week12.5%
2 Weeks31.33%
1 Month27.27%
3 Month10.53%
6 Month8.62%
12 Month14.55%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%15.67%
ATR Inc-59.1%
Range Today0.05
ADR(20)0.16
ADR(20)%12.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.3
Mansfield-0.52
10 Day High1.29
10 Day Low0.89
20 Day High2.5
20 Day Low0.87
52 Week High2.7
52 Week Low0.6
CS1 End0.97
CR1 Start1.27
Volume & EV
DER(3)-1.56%
DER(5)0.58%
Volume361.16K
Volume Incr-96.9%
Vol(5)538.43K
Vol(50)7.12M