Structural Monitoring Systems

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Daily trading performance for SMN has continued a short term downtrend

Daily trading performance for SMN has continued a short term downtrend

[BEARISH]: Structural Monitoring Systemssellers are keener than buyers and are driving the price down. There has been 4 consecutive days of price decline for SMN adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -4.1 & the greatest daily negative change this year has been -34.4. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -34.4%. This quarter, the largest downswing rally has been 5 days giving a total rally downward movement of -34.4%. The loss ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.2x. Over the last month the average daily downward movement has been -2.000000%

Trading for Structural Monitoring Systems highlights the commitment of sellers to carry positions overnight.

[BEARISH]: Structural Monitoring Systems sellers in control. There has been 3 consecutive days of prices closing in the lower part of the trading range for Structural Monitoring Systems adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 4 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the closing price in the lower range giving a confirmation ratio of 25%. Currently this quarter, closing price has spent 4 days in the lower price range compared to 1 days in the upper range giving a ratio of 4x.

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