SMITH & NEPHEW PLC -SPON ADR (SNN) Stock Technical Analysis
NYSE:SNN - US83175M2052 - ADR
37.64 USD
+0.29 (+0.78%)
38.18 USD
+0.54 (+1.43%)
We assign a technical rating of 9 out of 10 to SNN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SNN is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
SNN is part of the Health Care Equipment & Supplies industry. There are 190 other stocks in this industry. SNN outperforms 82% of them.
SNN is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the yearly performance of all stocks, we notice that SNN is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month SNN has a been trading in a tight range between 35.73 and 37.80.
Considerably lower volume is observed in the last couple of days.
SNN has an excellent technical rating, but the quality of the setup is only medium 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
38.03
When analyzing the support we can see 6 important areas.
- A support zone ranging from 36.87 to 37.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.71 from a trend line in the daily time frame.
- A support zone ranging from 30.34 to 30.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @28.92 from a trend line in the weekly time frame.
- Support @25.20 from a trend line in the weekly time frame.
- Support @23.77 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 37.65 to 37.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 80.49 | POSITIVE | SNN has a high relative strength, it outperformed 80.49% 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) | 68.92 | NEUTRAL | The RSI value for SNN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests SNN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 75.97 | NEUTRAL | The Stochastics value for SNN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.34 | LOW VOLATILITY | The low ATR as a percentage value for SNN suggests low volalility. |
| Average Directional Index/ADX (14) | 43.79 | POSITIVE | The high ADX value value for SNN suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 37.66 | 36.86 | 0.80 (2.12%) | 25.00% |
| An entry @37.66. This is a Buy Stop order right above the resistance zone. | An exit @36.86. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.80 points, which is 2.12%. | For a 0.53% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
37.64
+0.29 (+0.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.78%
1 Week1.05%
2 Weeks0.61%
1 Month6.03%
3 Month24.39%
6 Month26.05%
12 Month19.57%
2 Year51.96%
3 Year62.1%
5 Year-3.73%
10 Year7.54%
15 Year107.27%
Volatility
ATR(14)0.49
ATR(20)%1.34%
ATR Inc-2.78%
Range Today0.22
ADR(20)0.38
ADR(20)%1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.49
Mansfield2.03
10 Day High37.8
10 Day Low36.53
20 Day High37.8
20 Day Low35.73
52 Week High37.8
52 Week Low23.69
CS1 End37.44
CR1 Start37.65
Volume & EV
DER(3)2.12%
DER(5)1.64%
Volume541.40K
Volume Incr-48.37%
Vol(5)502.00K
Vol(50)941.73K