SMX Soars 11.88% on Reverse Stock Split and Sustainability Breakthroughs: Is This the Catalyst for a New Bull Run?

Summary
• SMX surges 11.88% intraday, trading at $0.8728 after a 10.9:1 reverse stock split effective October 23.
• Recent partnerships with Singapore’s ASTAR and the launch of the Plastic Cycle Token (PCT) signal a shift in recycling infrastructure.
• Turnover jumps 512% as institutional interest in SMX’s molecular marking technology intensifies.

SMX’s dramatic intraday rally reflects a confluence of structural corporate action and strategic momentum. The reverse stock split, coupled with Singapore’s adoption of SMX’s plastic passport program, has ignited speculative fervor. With the stock trading near its 52-week low of $0.75, the move suggests a re-rating of SMX’s role in global sustainability frameworks.

Reverse Stock Split and Singapore Partnership Ignite Volatility
SMX’s 11.88% intraday surge is directly tied to its reverse stock split announcement and Singapore’s adoption of its molecular marking technology. The 10.9:1 consolidation reduces shares outstanding from 15.5M to 1M, signaling a strategic pivot to attract institutional investors. Simultaneously, Singapore’s national plastic passport program—powered by SMX’s PCT framework—positions the company as a linchpin in ASEAN’s $4.2B plastics recycling market. The split’s effective date (October 23) and Singapore’s implementation timeline (Q1 2026) have created a short-term catalyst, with traders betting on liquidity improvement and regulatory validation.

Technical Divergence and Strategic Entry Points in a Volatile Setup
• 200-day MA: $2.3297 (well above current price of $0.8728)
• RSI: 28.57 (oversold territory)
• MACD: -0.2266 (bearish but flattening)
• Bollinger Bands: Price at $0.8728, near lower band ($0.9363)

SMX’s technical profile suggests a short-term rebound from oversold RSI levels, but the 200-day MA remains a critical resistance. Traders should monitor the $1.3170 middle Bollinger Band as a near-term target. The absence of options liquidity forces a focus on cash-secured puts or ETFs, though no leveraged ETFs are available. A bullish case hinges on closing above $1.0 (intraday high), validating Singapore’s partnership as a catalyst. A breakdown below $0.79 (intraday low) would signal renewed bearish momentum.

Backtest SMX Stock Performance
I attempted to generate the “12 % intraday-surge” event list directly from the raw price file, but the event-date calculator expects a file that already contains a column (or flag) with the event dates pre-identified. Because our current file only has generic technical fields, the calculator returned an error (“code_result not found”).To move forward we have two practical options:1. Simplified definition • Use daily close-to-close jumps ≥ 12 % (instead of intraday high ≥ 12 % versus the prior close) as the trigger. • I can compute those dates from the existing price file and run the event back-test right away.2. Precise intraday definition (requires an extra data pull) • Retrieve a dataset that explicitly contains daily High and previous-day Close. • From that file we can extract the true intraday ≥ 12 % spikes and then back-test.Please let me know which path you prefer—or share any specific dates you already have—so I can proceed with the back-test.

Position for SMX’s Post-Split Rebound: Key Levels to Watch
SMX’s reverse stock split and Singapore partnership create a high-conviction trade for long-term investors. The stock’s technical divergence—oversold RSI vs. bearish MACD—suggests a volatile but potentially profitable setup. Immediate focus should be on the $1.0 intraday high as a breakout threshold. For context, sector leader Waste Management (WM) rose 1.38% today, indicating broader industrial sector resilience. Aggressive bulls may consider a cash-secured put strategy if liquidity improves post-split, while conservative investors should wait for a confirmed breakout above $1.3170. Watch for $1.0 retest and Singapore’s Q1 2026 deployment timeline to validate SMX’s market thesis.