SRM ENTERTAINMENT INC (SRM) Stock Technical Analysis
NASDAQ:SRM - Nasdaq - US85237B1017 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to SRM. In the last year, SRM was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
SRM is part of the Leisure Products industry. There are 30 other stocks in this industry. SRM outperforms 96% of them.
In the last month SRM has a been trading in the 0.40 - 0.78 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that SRM is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this relatively good performance is mostly due to a recent big move.
SRM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SRM is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SRM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.73
0.80
When analyzing the support we notice one important area.
- A support zone ranging from 0.74 to 0.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @0.79 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 | NEUTRAL | NEUTRAL | The long term trend for SRM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SRM is up. |
| ChartMill Relative Strength | 91.85 | POSITIVE | SRM has a high relative strength, it outperformed 91.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SRM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SRM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SRM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 76.73 | OVERBOUGHT | The high RSI value suggests SRM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SRM has a positive trend. |
| Stochastics (14,3) | 76.02 | NEUTRAL | The Stochastics value for SRM is a neutral value. |
| Average True Range in percent/ATR (20) | 8.48 | HIGH VOLATILITY | The high ATR as a percentage value for SRM suggests high volalility. |
| Average Directional Index/ADX (14) | 51.02 | POSITIVE | The high ADX value value for SRM 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)
0.7526
+0.14 (+22.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryLeisure Products
Performance
% Chg22.57%
1 Week29.31%
2 Weeks73.25%
1 Month87.03%
3 Month99.1%
6 Month3.71%
12 Month-31.58%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%8.48%
ATR Inc150.47%
Range Today0.16
ADR(20)0.06
ADR(20)%8.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.85
Mansfield0.62
10 Day High0.78
10 Day Low0.41
20 Day High0.78
20 Day Low0.4
52 Week High1.66
52 Week Low0.26
CS1 End0.75
CR1 Start0.79
Volume & EV
DER(3)12.23%
DER(5)4.25%
Volume1.46M
Volume Incr17.79%
Vol(5)573.27K
Vol(50)471.51K