SMARTSHEET INC-CLASS A (SMAR)

US83200N1037 - Common Stock

55.87  -0.07 (-0.13%)

After market: 55.87 0 (0%)

Technical Rating and Analysis

8

Taking everything into account, SMAR scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SMAR is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SMAR did better than 79% of all other stocks.
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 4763260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SMAR is part of the Software industry. There are 279 other stocks in this industry, SMAR did better than 57% of them.
In the last month SMAR has a been trading in a tight range between 55.70 and 56.55.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
SMAR Weekly chart
SMAR Daily chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, SMAR also presents 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 55.86, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

36.10

57.09

We found 3 important support areas.

  • A support zone ranging from 55.28 to 55.86. 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.
  • Support @36.46 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 55.89 to 56.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.9
Mansfield0.8
10 Day High56.09
10 Day Low55.74
20 Day High56.55
20 Day Low55.7
52 Week High56.55
52 Week Low35.52
Performance
1 Week0.02%
2 Weeks-0.16%
1 Month-0.78%
3 Month12.44%
6 Month40.8%
12 Month33.88%
2 Year81.75%
3 Year-12.7%
5 Year17.79%
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)-0.11
RSI(14)55.52
LBB55.76
UBB56.03
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.

ENTRYEXITDISTANCECAPITAL
56.1055.730.38 (0.67%)25.00%
An entry @56.10. This is a Buy Stop order right above the 10 day high.An exit @55.73. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.38 points, which is 0.67%.For a 0.17% 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.
SMAR Daily chart

SMARTSHEET INC-CLASS A

NYSE:SMAR (11/21/2024, 8:04:00 PM)

After market: 55.87 0 (0%)

55.87

-0.07 (-0.13%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.13%
1 Week0.02%
2 Weeks-0.16%
1 Month-0.78%
3 Month12.44%
6 Month40.8%
12 Month33.88%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.18
ATR(20)%0.32%
ATR Inc
Range Today0.16
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High56.09
10 Day Low55.74
20 Day High56.55
20 Day Low55.7
52 Week High56.55
52 Week Low35.52
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume3.44M
Volume Incr-29.45%
Vol(5)2.36M
Vol(50)4.76M