Covering sell-side analysts have recently weighed in on shares of Standard Motor Products, Inc. (NYSE:SMP). At the time of writing, the First Call consensus price target for the company is $53.33. The current consensus recommendation provided by brokerage research firms is 2.3. This recommendation lands on a scale between 1 and 5. Sell-siders giving shares a rating of 1 or 2 would be indicating a Buy. A rating of 4 or 5 would represent a Sell recommendation. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Sell or Strong Sell ratings are extremely rare and when present, investors should approach the equity very cautiously.
Session activity on Standard Motor Products, Inc.(NYSE:SMP) stock is placing it on the active mover list. After a recent spot-check, the stock has touched $48.43 which represents a change from the open of 0.19%.
Company shares have been seen trading -14.34% off of the 52 week high and 13.95% away from the 52 week low. Narrowing in, the stock is at a distance of -14.34% from the 50 day high and 12.42% off of the 50 day low.
After a recent technical review, shares of Standard Motor Products (NYSE:SMP) have a 200-day moving average of 48.63. The 50-day is 50.68, and the 7-day is sitting at 47.45. Using a wider time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations. In some cases, MA’s may be used as strong reference points for spotting support and resistance levels. Employing the use of the moving average for technical equity analysis is still highly popular among traders and investors. The moving average can be used as a reference point to assist with the discovery of buying and selling opportunities.
Standard Motor Products (NYSE:SMP)’s Williams Percent Range or 14 day Williams %R currently sits at -50. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.
Standard Motor Products (NYSE:SMP) currently has a 14-day Commodity Channel Index (CCI) of -5.6. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.
Currently, the 14-day ADX for Standard Motor Products (NYSE:SMP) is sitting at 16.36. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.
The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSI is currently at 44.79, the 7-day stands at 51.72, and the 3-day is sitting at 75.11.
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