SMITH & NEPHEW PLC -SPON ADR (SNN) Stock Technical Analysis
NYSE:SNN • US83175M2052
Taking everything into account, SNN scores 10 out of 10 in our technical rating. SNN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, SNN did better than 83% of all other stocks. We also observe that the gains produced by SNN over the past year are nicely spread over this period.
- SNN is part of the Health Care Equipment & Supplies industry. There are 186 other stocks in this industry. SNN outperforms 89% of them.
- SNN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SNN is lagging the market slightly.
- In the last month SNN has a been trading in the 32.08 - 36.25 range, which is quite wide. It is currently trading near the high of this range.
Although SNN has an excellent technical rating, it does not present a decent entry opportunity 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
23.53
We found 3 important support areas.
- A support zone ranging from 32.45 to 32.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.89 from a horizontal line in the daily time frame.
- Support @23.77 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for SNN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SNN is up. |
| ChartMill Relative Strength | 83.96 | POSITIVE | SNN has a high relative strength, it outperformed 83.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SNN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SNN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.99 | NEUTRAL | The RSI value for SNN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests SNN has a positive trend. |
| Stochastics (14,3) | 92.67 | OVERBOUGHT | The high Stochastics value suggests SNN may be overbought. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for SNN suggests low volalility. |
| Average Directional Index/ADX (14) | 22.57 | NEUTRAL | The ADX value for SNN suggests a possible start of a new trend. |
36.18
+0.65 (+1.83%)
SMITH & NEPHEW PLC -SPON ADR / SNN FAQ
Can you provide the ChartMill technical rating for SMITH & NEPHEW PLC -SPON ADR?
ChartMill assigns a technical rating of 10 / 10 to SNN.
What is the trend direction for SNN stock?
The current trend direction for SMITH & NEPHEW PLC -SPON ADR (SNN) is Bullish.
What is the RSI signal for SNN stock?
SMITH & NEPHEW PLC -SPON ADR (SNN) has an RSI value of 69.9942. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for SMITH & NEPHEW PLC -SPON ADR?
The buy/sell signal for SMITH & NEPHEW PLC -SPON ADR (SNN) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SNN stock?
SMITH & NEPHEW PLC -SPON ADR (SNN) has a support level at 32.77. Check the full technical report for our detailed analysis of SNN support and resistance levels.