We assign a technical rating of 7 out of 10 to SWBI. In the last year, SWBI was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although SWBI has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
7.85
3 important support areas can be observed.
- Support @8.66 from a trend line in the weekly time frame.
- Support @8.25 from a trend line in the daily time frame.
- Support @7.93 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @10.97 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for SWBI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SWBI is up. |
| ChartMill Relative Strength | 66.57 | NEUTRAL | SWBI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SWBI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SWBI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SWBI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.95 | NEUTRAL | The RSI value for SWBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests SWBI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.46 | OVERBOUGHT | The high Stochastics value suggests SWBI may be overbought. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for SWBI suggests some volalility. |
| Average Directional Index/ADX (14) | 37.41 | POSITIVE | The high ADX value value for SWBI suggests a strong trend. |
10.83
-0.17 (-1.55%)
SMITH & WESSON BRANDS INC / SWBI FAQ
What is the technical rating for SWBI stock?
ChartMill assigns a technical rating of 7 / 10 to SWBI.
What is the trend direction for SWBI stock?
The current trend direction for SMITH & WESSON BRANDS INC (SWBI) is Bearish.
What is the RSI signal for SWBI stock?
SMITH & WESSON BRANDS INC (SWBI) has an RSI value of 69.9519. This indicates that the stock is currently neutral.
What is the short term momentum for SMITH & WESSON BRANDS INC (SWBI) stock?
The short term momentum for SMITH & WESSON BRANDS INC (SWBI) is positive.