SOLARMAX TECHNOLOGY INC (SMXT) Technical Analysis
NASDAQ:SMXT • US83419H1032
Current stock price
SMXT Technical Rating and Analysis
Overall SMXT gets a technical rating of 1 out of 10. SMXT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, SMXT is a bad performer in the overall market: 82% of all stocks are doing better.
- SMXT is one of the lesser performing stocks in the Electrical Equipment industry. 71% of 91 stocks in the same industry do better.
- SMXT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SMXT is lagging the market.
- 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.
- In the last month SMXT has a been trading in the 0.61 - 0.84 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SMXT Weekly and Daily overview Charts
SMXT Setup Rating and Analysis
SMXT has a poor technical rating and the quality of the setup is also not perfect 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
0.67
2 important support areas can be observed.
- A support zone ranging from 0.72 to 0.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.68 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.83 to 0.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.94 from a trend line in the daily time frame.
- Resistance @1.00 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for SMXT is neutral. |
| ChartMill Relative Strength | 18.26 | NEGATIVE | SMXT has a low relative strength, it was outperformed by 81.74% 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) | DOWN | MIXED | The current price of SMXT is above 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) | 59.08 | NEUTRAL | The RSI value for SMXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SMXT has a positive trend. |
| Stochastics (14,3) | 80.2 | OVERBOUGHT | The high Stochastics value suggests SMXT may be overbought. |
| Average True Range in percent/ATR (20) | 7.1 | HIGH VOLATILITY | The high ATR as a percentage value for SMXT suggests high volalility. |
| Average Directional Index/ADX (14) | 11.75 | 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
0.8219
+0.05 (+6.88%)
SOLARMAX TECHNOLOGY INC / SMXT TA FAQ
What is the technical rating for SMXT stock?
ChartMill assigns a technical rating of 1 / 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 59.075. 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 0.0147182, 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 0.83. Check the full technical report for our detailed analysis of SMXT support and resistance levels.