NASDAQ:SMH - Nasdaq - US92189F6768 - ETF - Currency: USD
Overall SMH gets a technical rating of 0 out of 10. 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 182.50, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SMH in the last couple of days, which is a good sign.
178.14
We found 1 important support area.
We can see 3 important resistance areas.
198.91
+7.01 (+3.65%)