SMITH & NEPHEW PLC -SPON ADR (SNN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SNN - US83175M2052 - ADR
Taking everything into account, SNN scores 4 out of 10 in our technical rating. Although SNN 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.
SNN has an average technical rating and it also does not offer a high 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.
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23.53
When analyzing the support we can see 3 important areas.
- A support zone ranging from 31.98 to 33.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.34 from a horizontal line in the daily time frame.
- Support @23.77 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 35.64 to 36.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 36.80 to 37.18. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for SNN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SNN is neutral. |
| ChartMill Relative Strength | 73.69 | POSITIVE | SNN has a high relative strength, it outperformed 73.69% 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) | DOWN | NEGATIVE | The current price of SNN is below a declining 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) | 48.46 | NEUTRAL | The RSI value for SNN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests SNN has a positive trend. |
| Stochastics (14,3) | 64.12 | NEUTRAL | The Stochastics value for SNN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for SNN suggests low volalility. |
| Average Directional Index/ADX (14) | 22.59 | NEUTRAL | The ADX value for SNN suggests a possible start of a new trend. |
33.48
+0.75 (+2.29%)
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 4 / 10 to SNN.
What is the current trend direction of SMITH & NEPHEW PLC -SPON ADR (SNN) stock?
The current trend direction for SMITH & NEPHEW PLC -SPON ADR (SNN) is Bearish.
What is the RSI signal for SNN stock?
SMITH & NEPHEW PLC -SPON ADR (SNN) has an RSI value of 48.4585. This indicates that the stock is currently neutral.
What is the MACD signal for SNN stock?
The MACD indicator for SMITH & NEPHEW PLC -SPON ADR (SNN) has a value of 0.143733, indicating a bearish trend.
Can you provide the short term momentum for SMITH & NEPHEW PLC -SPON ADR?
The short term momentum for SMITH & NEPHEW PLC -SPON ADR (SNN) is neutral.