SOLARMAX TECHNOLOGY INC (SMXT) Technical Analysis
NASDAQ:SMXT • US83419H1032
Current stock price
SMXT Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to SMXT. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, SMXT is a bad performer in the overall market: 91% of all stocks are doing better.
- SMXT is part of the Electrical Equipment industry. There are 92 other stocks in this industry, of which 78% 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 - 0.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
SMXT Weekly and Daily overview Charts
SMXT Setup Rating and Analysis
SMXT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. 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
SMXT Support and Resistance Analysis
0.59
We can see 6 important resistance areas.
- Resistance @0.63 from a horizontal line in the daily time frame.
- Resistance @0.65 from a trend line in the weekly time frame.
- A resistance zone ranging from 0.68 to 0.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.77 from a trend line in the weekly time frame.
- Resistance @0.89 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 | DOWN | NEGATIVE | The short term trend for SMXT is down. |
| ChartMill Relative Strength | 9.53 | NEGATIVE | SMXT has a low relative strength, it was outperformed by 90.47% 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) | 44.53 | NEUTRAL | The RSI value for SMXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SMXT has a positive trend. |
| Stochastics (14,3) | 45.12 | NEUTRAL | The Stochastics value for SMXT is a neutral value. |
| Average True Range in percent/ATR (20) | 10.45 | HIGH VOLATILITY | The high ATR as a percentage value for SMXT suggests high volalility. |
| Average Directional Index/ADX (14) | 15.11 | 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
0.5995
+0 (+0.67%)
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 44.5269. 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.