BIT:SMH - Euronext Milan - IE00BMC38736 - ETF - Currency: EUR
We assign a technical rating of 0 out of 10 to SMH. SMH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, SMH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 28.92, a Stop Loss order could be placed below this zone.
27.88
We found 3 important support areas.
4 important resistance areas can be observed.
BIT:SMH (4/24/2025, 7:00:00 PM)
31.245
+1.02 (+3.36%)