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SMART FOR LIFE INC (SMFL) Stock Technical Analysis

NASDAQ:SMFL - Nasdaq - US83204U6082 - Common Stock - Currency: USD

0.78  -0.26 (-25%)

After market: 0.3977 -0.38 (-49.01%)

Technical Rating and Analysis

0

We assign a technical rating of 0 out of 10 to SMFL. SMFL 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.
100% of all other stocks performed better in the past year than SMFL.
SMFL is part of the Personal Care Products industry. There are 37 other stocks in this industry, of which 94% are performing better than SMFL.
SMFL is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month SMFL has a been trading in the 0.77 - 2.58 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
SMFL has an average volume of 5161850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
SMART FOR LIFE INC / SMFL Weekly stock chart
SMART FOR LIFE INC / SMFL Daily stock chart
Setup Rating and Analysis

3

The technical rating of SMFL is bad and it also does not present a quality setup 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.

Support and Resistance Analysis

0.77

1.09

When analyzing the resistance we notice 2 important areas.

  • Resistance @1.04 from a trend line in the daily time frame.
  • Resistance @1.08 from a trend line in the daily time frame.
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
CRS0.5
Mansfield-9
10 Day High1.56
10 Day Low0.77
20 Day High2.58
20 Day Low0.77
52 Week High39.2
52 Week Low0.77
Performance
1 Week-8.24%
2 Weeks-25.71%
1 Month-19.59%
3 Month-75.93%
6 Month-87.51%
12 Month-95.96%
2 Year-99.93%
3 YearN/A
5 YearN/A
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)0.02
RSI(14)38.07
LBB0.77
UBB1.27
SMART FOR LIFE INC / SMFL Daily stock chart

SMART FOR LIFE INC

NASDAQ:SMFL (9/18/2024, 8:00:03 PM)

After market: 0.3977 -0.38 (-49.01%)

0.78

-0.26 (-25%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryPersonal Care Products
Performance
% Chg-25%
1 Week-8.24%
2 Weeks-25.71%
1 Month-19.59%
3 Month-75.93%
6 Month-87.51%
12 Month-95.96%
2 Year-99.93%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%39.84%
ATR Inc-12.77%
Range Today0.24
ADR(20)0.26
ADR(20)%33.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.5
Mansfield-9
10 Day High1.56
10 Day Low0.77
20 Day High2.58
20 Day Low0.77
52 Week High39.2
52 Week Low0.77
CS1 EndN/A
CR1 Start1.04
Volume & EV
DER(3)-3.99%
DER(5)-1.11%
Volume5.56M
Volume Incr204.67%
Vol(5)20.63M
Vol(50)5.16M