SUMMIT MIDSTREAM CORP (SMC) Stock Technical Analysis
NYSE:SMC - New York Stock Exchange, Inc. - US86614G1013 - Common Stock - Currency: USD
Overall SMC gets a technical rating of 0 out of 10. SMC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, SMC is a bad performer in the overall market: 91% of all stocks are doing better.
SMC is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry, of which 87% are performing better than SMC.
SMC is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SMC is lagging the market.
In the last month SMC has a been trading in the 23.95 - 26.88 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
The technical rating of SMC is bad and it also does not present a quality setup 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
23.42
26.86
When analyzing the support we notice one important area.
- Support @23.66 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 25.10 to 25.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 26.18 to 26.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for SMC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SMC is neutral. |
| ChartMill Relative Strength | 9.74 | NEGATIVE | SMC has a low relative strength, it was outperformed by 90.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SMC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SMC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SMC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.05 | NEUTRAL | The RSI value for SMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SMC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.81 | NEUTRAL | The Stochastics value for SMC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for SMC suggests some volalility. |
| Average Directional Index/ADX (14) | 15.73 | NEGATIVE | The low ADX value for SMC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
24.32
-1.16 (-4.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-4.55%
1 Week-4.36%
2 Weeks-7.1%
1 Month-3.84%
3 Month-13.39%
6 Month-41.45%
12 Month-35.7%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%3.61%
ATR Inc24.03%
Range Today1.3
ADR(20)0.84
ADR(20)%3.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.74
Mansfield-3.28
10 Day High26.43
10 Day Low24.14
20 Day High26.88
20 Day Low23.95
52 Week High45.89
52 Week Low23.53
CS1 End23.66
CR1 Start25.1
Volume & EV
DER(3)-0.77%
DER(5)-0.04%
Volume65.90K
Volume Incr-68.51%
Vol(5)47.80K
Vol(50)106.89K