SOLARMAX TECHNOLOGY INC (SMXT) Stock Technical Analysis
USA - NASDAQ:SMXT - US83419H1032 - Common Stock
1.07 USD
-0.04 (-3.6%)
1.06 USD
-0.01 (-0.93%)
Overall SMXT gets a technical rating of 2 out of 10. Although SMXT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
SMXT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SMXT has a been trading in the 1.05 - 1.29 range, which is quite wide. It is currently trading near the lows of this range.
SMXT has an average volume of 7116550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SMXT did better than 86% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
SMXT is part of the Electrical Equipment industry. There are 92 other stocks in this industry, SMXT did better than 59% of them.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, SMXT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.91
1.63
2 important support areas can be observed.
- Support @1.00 from a trend line in the weekly time frame.
- A support zone ranging from 0.92 to 0.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @1.07 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.09 to 1.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.22 from a horizontal line in the weekly time frame.
- Resistance @1.61 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 | 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 | 86.33 | POSITIVE | SMXT has a high relative strength, it outperformed 86.33% 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) | 44.56 | 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. |
| Stochastics (14,3) | 23.05 | NEUTRAL | The Stochastics value for SMXT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.03 | HIGH VOLATILITY | The high ATR as a percentage value for SMXT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.89 | NEUTRAL | The ADX value for SMXT suggests a possible start of a new 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)
1.07
-0.04 (-3.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-3.6%
1 Week0%
2 Weeks-1.83%
1 Month-15.08%
3 Month0.94%
6 Month-4.46%
12 Month61.36%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%6.03%
ATR Inc-24.33%
Range Today0.06
ADR(20)0.06
ADR(20)%6.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.33
Mansfield-2.11
10 Day High1.16
10 Day Low1.06
20 Day High1.29
20 Day Low1.06
52 Week High2.7
52 Week Low0.6
CS1 End1
CR1 Start1.07
Volume & EV
DER(3)-20.19%
DER(5)-15.51%
Volume180.00K
Volume Incr0.06%
Vol(5)338.76K
Vol(50)7.12M