EVOLVE TRANSITION INFRASTRUC (SNMP) Technical Analysis
NYSEARCA:SNMP • US30053M2035
Current stock price
SNMP Technical Rating and Analysis
Overall SNMP gets a technical rating of 2 out of 10. Although SNMP 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 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.
- SNMP is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SNMP is lagging the market.
- Warning: SNMP has an average volume of 18986 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- SNMP is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. SNMP outperforms 99% of them.
- In the last month SNMP has a been trading in the 1.22 - 1.41 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Looking at the yearly performance, SNMP did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
SNMP Weekly and Daily overview Charts
SNMP Setup Rating and Analysis
Although the technical rating is bad, SNMP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.29, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SNMP 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
SNMP Support and Resistance Analysis
1.26
We found 1 important support area.
- A support zone ranging from 1.27 to 1.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.33 to 1.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.84 from a horizontal line in the daily time frame.
- Resistance @1.88 from a horizontal line in the daily time frame.
SNMP 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 SNMP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SNMP is neutral. |
| ChartMill Relative Strength | 99.84 | POSITIVE | SNMP has a high relative strength, it outperformed 99.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SNMP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SNMP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SNMP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.06 | NEUTRAL | The RSI value for SNMP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SNMP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.95 | NEUTRAL | The Stochastics value for SNMP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.21 | HIGH VOLATILITY | The high ATR as a percentage value for SNMP suggests high volalility. |
| Average Directional Index/ADX (14) | 26.05 | POSITIVE | The high ADX value value for SNMP suggests a strong trend. |
SNMP Chart- and CandleStick Pattern Analysis
SNMP Technicals: Chart, Performance Metrics, Trend & Indicators
1.33
-0.04 (-2.86%)
EVOLVE TRANSITION INFRASTRUC / SNMP TA FAQ
What is the technical rating for SNMP stock?
ChartMill assigns a technical rating of 2 / 10 to SNMP.
What is the current trend direction of EVOLVE TRANSITION INFRASTRUC (SNMP) stock?
The current trend direction for EVOLVE TRANSITION INFRASTRUC (SNMP) is Bearish.
Can you provide the RSI signal for EVOLVE TRANSITION INFRASTRUC?
EVOLVE TRANSITION INFRASTRUC (SNMP) has an RSI value of 48.0608. This indicates that the stock is currently neutral.
Can you provide the short term momentum for EVOLVE TRANSITION INFRASTRUC?
The short term momentum for EVOLVE TRANSITION INFRASTRUC (SNMP) is neutral.