EVOLVE TRANSITION INFRASTRUC (SNMP) Stock Technical Analysis
NYSEARCA:SNMP - NYSE Arca - US30053M2035 - Currency: USD
We assign a technical rating of 2 out of 10 to SNMP. Although SNMP is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
SNMP is currently trading near the lower end of its 52 week range, which is not a good sign. SNMP is lagging the S&P500 Index which is trading in the middle of its 52 week range.
Warning: SNMP has an average volume of 18986 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
SNMP is part of the Oil, Gas & Consumable Fuels industry. There are 212 other stocks in this industry. SNMP outperforms 100% of them.
In the last month SNMP has a been trading in the 1.22 - 1.41 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Looking at the yearly performance, SNMP did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Although the technical rating is bad, SNMP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.29, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SNMP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.26
1.90
When analyzing the support we notice one important area.
- A support zone ranging from 1.27 to 1.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.33 to 1.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.84 from a horizontal line in the daily time frame.
- Resistance @1.88 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.84
Mansfield0.07
10 Day High1.38
10 Day Low1.3
20 Day High1.41
20 Day Low1.22
52 Week High13.81
52 Week Low0.04
Performance
1 Week1.23%
2 Weeks0.76%
1 Month-1.48%
3 Month-8.28%
6 Month-55.22%
12 Month1008.33%
2 Year119.11%
3 Year15.65%
5 Year-53.82%
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)0.01
RSI(14)48.06
LBB1.28
UBB1.38
1.33
-0.04 (-2.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.86%
1 Week1.23%
2 Weeks0.76%
1 Month-1.48%
3 Month-8.28%
6 Month-55.22%
12 Month1008.33%
2 Year119.11%
3 Year15.65%
5 Year-53.82%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%5.21%
ATR Inc-28.56%
Range Today0.06
ADR(20)0.07
ADR(20)%4.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.84
Mansfield0.07
10 Day High1.38
10 Day Low1.3
20 Day High1.41
20 Day Low1.22
52 Week High13.81
52 Week Low0.04
CS1 End1.29
CR1 Start1.33
Volume & EV
DER(3)14%
DER(5)2.05%
Volume17.90K
Volume Incr2.57%
Vol(5)15.56K
Vol(50)18.99K