SMITH & WESSON BRANDS INC (SWBI) Stock Technical Analysis
NASDAQ:SWBI - Nasdaq - US8317541063 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to SWBI. SWBI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
92% of all other stocks performed better in the past year than SWBI.
SWBI is one of the lesser performing stocks in the Leisure Products industry. 79% of 30 stocks in the same industry do better.
SWBI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month SWBI has a been trading in the 8.42 - 10.93 range, which is quite wide. It is currently trading near the lows of this range.
SWBI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 8.53, a Stop Loss order could be placed below this zone.
More info and screens
8.39
11.27
When analyzing the support we notice one important area.
- A support zone ranging from 8.47 to 8.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- A resistance zone ranging from 8.91 to 8.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.17 to 9.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.02 from a trend line in the weekly time frame.
- A resistance zone ranging from 10.40 to 10.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.89 from a horizontal line in the daily time frame.
- Resistance @11.16 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for SWBI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SWBI is down. |
| ChartMill Relative Strength | 8.09 | NEGATIVE | SWBI has a low relative strength, it was outperformed by 91.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SWBI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SWBI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SWBI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.22 | NEUTRAL | The RSI value for SWBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SWBI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.16 | OVERSOLD | The low Stochastics value suggests SWBI may be oversold. |
| Average True Range in percent/ATR (20) | 4.02 | MEDIUM VOLATILITY | The ATR as a percentage value for SWBI suggests some volalility. |
| Average Directional Index/ADX (14) | 27.42 | POSITIVE | The high ADX value value for SWBI 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)
8.54
-0.11 (-1.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryLeisure Products
Performance
% Chg-1.27%
1 Week-4.04%
2 Weeks-2.06%
1 Month-20.19%
3 Month-6.56%
6 Month-14.08%
12 Month-39.09%
2 Year-32.91%
3 Year-41.31%
5 Year-53.53%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%4.02%
ATR Inc-49.13%
Range Today0.15
ADR(20)0.27
ADR(20)%3.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.09
Mansfield-3.09
10 Day High8.98
10 Day Low8.47
20 Day High10.93
20 Day Low8.42
52 Week High16.85
52 Week Low8.38
CS1 End8.53
CR1 Start8.91
Volume & EV
DER(3)0.7%
DER(5)0.54%
Volume975.90K
Volume Incr-26.21%
Vol(5)926.04K
Vol(50)765.05K