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 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
0.74
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.87 to 0.88. 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 0.92 to 0.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.07 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 | 8.25 | NEGATIVE | SMXT has a low relative strength, it was outperformed by 91.75% 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) | 24.03 | OVERSOLD | The low RSI value suggests SMXT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SMXT has a negative trend. |
| Stochastics (14,3) | 6.46 | OVERSOLD | The low Stochastics value suggests SMXT may be oversold. |
| Average True Range in percent/ATR (20) | 6.27 | HIGH VOLATILITY | The high ATR as a percentage value for SMXT suggests high volalility. |
| Average Directional Index/ADX (14) | 25.13 | POSITIVE | The high ADX value value for SMXT suggests a strong trend. |
0.7503
-0.04 (-4.74%)
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 trend direction for SMXT stock?
The current trend direction for SOLARMAX TECHNOLOGY INC (SMXT) is Bearish.
Can you provide the RSI signal for SOLARMAX TECHNOLOGY INC?
SOLARMAX TECHNOLOGY INC (SMXT) has an RSI value of 24.0255. This indicates that the stock is currently oversold.
What is the short term momentum for SOLARMAX TECHNOLOGY INC (SMXT) stock?
The short term momentum for SOLARMAX TECHNOLOGY INC (SMXT) is negative.
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.