SMITH & WESSON BRANDS INC (SWBI) Technical Analysis
NASDAQ:SWBI • US8317541063
Current stock price
SWBI Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to SWBI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SWBI is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that SWBI is one of the better performing stocks in the market, outperforming 92% of all stocks.
- SWBI is part of the Leisure Products industry. There are 32 other stocks in this industry. SWBI outperforms 96% of them.
- SWBI is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SWBI is leading the market.
- SWBI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
SWBI Weekly and Daily overview Charts
SWBI Setup Rating and Analysis
Besides having an excellent technical rating, SWBI also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 14.19. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for SWBI 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
SWBI Support and Resistance Analysis
7.85
We found 5 important support areas.
- A support zone ranging from 13.79 to 13.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.35 from a trend line in the daily time frame.
- Support @9.35 from a trend line in the weekly time frame.
- Support @8.61 from a trend line in the daily time frame.
- Support @7.93 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.19 to 14.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
SWBI 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 | UP | POSITIVE | The long term trend for SWBI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SWBI is up. |
| ChartMill Relative Strength | 92.08 | POSITIVE | SWBI has a high relative strength, it outperformed 92.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SWBI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SWBI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SWBI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.38 | OVERBOUGHT | The high RSI value suggests SWBI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests SWBI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.67 | OVERBOUGHT | The high Stochastics value suggests SWBI may be overbought. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for SWBI suggests some volalility. |
| Average Directional Index/ADX (14) | 49.75 | POSITIVE | The high ADX value value for SWBI suggests a strong trend. |
SWBI Chart- and CandleStick Pattern Analysis
SWBI Example Setup
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 |
|---|---|---|---|
| 14.26 | 13.78 | 0.48 (3.37%) | 25.00% |
| An entry @14.26. This is a Buy Stop order right above the resistance zone. | An exit @13.78. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.48 points, which is 3.37%. | For a 0.84% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SWBI. Please evaluate whether better entry and exit points can be found.
- 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.
SWBI Technicals: Chart, Performance Metrics, Trend & Indicators
14.18
-0.01 (-0.07%)
SMITH & WESSON BRANDS INC / SWBI TA FAQ
What is the technical rating for SWBI stock?
ChartMill assigns a technical rating of 10 / 10 to SWBI.
Can you provide the trend direction for SMITH & WESSON BRANDS INC?
The current trend direction for SMITH & WESSON BRANDS INC (SWBI) is Bullish.
What is the RSI signal for SWBI stock?
SMITH & WESSON BRANDS INC (SWBI) has an RSI value of 72.3787. This indicates that the stock is currently overbought.
What is the MACD signal for SWBI stock?
The MACD indicator for SMITH & WESSON BRANDS INC (SWBI) has a value of 0.0498522, indicating a bearish trend.
What is the support and resistance level for SWBI stock?
SMITH & WESSON BRANDS INC (SWBI) has a support level at 13.79 and a resistance level at 14.19. Check the full technical report for our detailed analysis of SWBI support and resistance levels.