Technical Analysis for SMXT - Solarmax Technology Inc.

Grade Last Price % Change Price Change
C 1.06 1.44% 0.02
SMXT closed down 0.95 percent on Wednesday, November 20, 2024, on 38 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 1.44%
Bollinger Band Squeeze Range Contraction 1.44%
Doji - Bearish? Reversal 1.44%
BB Squeeze + Upper Band Touch Range Contraction 1.44%
Upper Bollinger Band Touch Strength 1.44%
20 DMA Support Bullish 0.48%
Bollinger Band Squeeze Range Contraction 0.48%
Outside Day Range Expansion 0.48%
Crossed Above 20 DMA Bullish 6.55%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 6.55%

   Recent Intraday Alerts

Alert Time
10 DMA Support 4 minutes ago
20 DMA Support about 2 hours ago
10 DMA Resistance about 5 hours ago
Down 5% about 5 hours ago
Down 3% about 5 hours ago

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Profile

Solarmax Technology Inc. Description

SolarMax is an integrated solar and renewable energy company. A solar energy system retains the direct current (DC) electricity from the sun and converts it to alternating current (AC) electricity that can be used to power residential homes and commercial businesses. The solar business is based on the ability of the users of solar energy systems to save on energy costs and reduce their carbon imprint as compared with power purchased from the local electricity utility company. SolarMax was founded in 2008 to engage in the solar business in the United States and commenced operations in China in 2016. SolarMax's United States operations primarily consist of the sale and installation of photovoltaic and battery backup systems for residential and commercial customers and sales of LED systems and services to government and commercial users. SolarMax's China operations consist primarily of identifying and procuring solar farm projects for resale to third parties and performing EPC services primarily for solar farm projects. All of SolarMax's revenues for 2022 and 2023 has been generated by its United States operations.


Classification

Sector: Technology
Industry: Solar
Keywords: Electricity Renewable Energy Photovoltaics Infrastructure Renewable Energy Technology Bright Green Environmentalism Photovoltaic Power Station Energy Costs Solar Energy System Solar Energy Systems

Is SMXT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 15.88
52 Week Low 0.6
Average Volume 231,015
200-Day Moving Average 0.00
50-Day Moving Average 0.88
20-Day Moving Average 0.98
10-Day Moving Average 1.02
Average True Range 0.12
RSI (14) 53.49
ADX 23.67
+DI 30.49
-DI 12.49
Chandelier Exit (Long, 3 ATRs) 0.92
Chandelier Exit (Short, 3 ATRs) 1.14
Upper Bollinger Bands 1.10
Lower Bollinger Band 0.86
Percent B (%b) 0.75
BandWidth 25.02
MACD Line 0.01
MACD Signal Line 0.00
MACD Histogram 0.0149
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.25
Resistance 3 (R3) 1.26 1.21 1.22
Resistance 2 (R2) 1.21 1.15 1.20 1.20
Resistance 1 (R1) 1.12 1.12 1.17 1.11 1.19
Pivot Point 1.07 1.07 1.09 1.06 1.07
Support 1 (S1) 0.98 1.01 1.03 0.97 0.89
Support 2 (S2) 0.93 0.98 0.92 0.88
Support 3 (S3) 0.84 0.93 0.87
Support 4 (S4) 0.83