SMARTSHEET INC-CLASS A (SMAR) Stock Technical Analysis
NYSE:SMAR - New York Stock Exchange, Inc. - US83200N1037 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to SMAR. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SMAR is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
SMAR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
SMAR has an average volume of 3260360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SMAR is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
SMAR is an average performer in the Software industry, it outperforms 53% of 286 stocks in the same industry.
In the last month SMAR has a been trading in a tight range between 55.93 and 56.50.
Volume is considerably higher in the last couple of days.
Although SMAR has an excellent technical rating, the quality of the presented setup is not ideal 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
37.47
57.09
When analyzing the support we can see 2 important areas.
- A support zone ranging from 55.70 to 56.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.85 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 56.51 to 56.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.8
Mansfield0.87
10 Day High56.5
10 Day Low56.07
20 Day High56.5
20 Day Low55.93
52 Week High56.55
52 Week Low35.52
Performance
1 Week0.25%
2 Weeks0.48%
1 Month0.91%
3 Month-0.07%
6 Month16.67%
12 Month23.43%
2 Year30.69%
3 Year-9.24%
5 Year16.48%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)69.96
LBB55.96
UBB56.53
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 |
|---|---|---|---|
| 56.53 | 56.06 | 0.47 (0.83%) | 25.00% |
| An entry @56.53. This is a Buy Stop order right above the resistance zone. | An exit @56.06. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.47 points, which is 0.83%. | For a 0.21% 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.
SMARTSHEET INC-CLASS A
NYSE:SMAR (1/21/2025, 9:31:57 PM)
After market: 56.49 +0.02 (+0.04%)56.47
+0.01 (+0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.02%
1 Week0.25%
2 Weeks0.48%
1 Month0.91%
3 Month-0.07%
6 Month16.67%
12 Month23.43%
2 Year30.69%
3 Year-9.24%
5 Year16.48%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%0.2%
ATR Inc-5.23%
Range Today0.03
ADR(20)0.1
ADR(20)%0.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.8
Mansfield0.87
10 Day High56.5
10 Day Low56.07
20 Day High56.5
20 Day Low55.93
52 Week High56.55
52 Week Low35.52
CS1 End56.31
CR1 Start56.51
Volume & EV
DER(3)-0.13%
DER(5)0.52%
Volume17.56M
Volume Incr147.22%
Vol(5)7.48M
Vol(50)3.26M