SUMMIT MIDSTREAM CORP (SMC) Stock Technical Analysis
NYSE:SMC - New York Stock Exchange, Inc. - US86614G1013 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to SMC. 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, SMC is a bad performer in the overall market: 100% of all stocks are doing better.
SMC is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 93% of 210 stocks in the same industry do better.
SMC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month SMC has a been trading in the 23.53 - 26.88 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although the technical rating is bad, SMC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
23.42
26.73
We found 2 important support areas.
- Support @24.44 from a horizontal line in the weekly time frame.
- Support @23.66 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 25.59 to 26.47. 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 | 0 | NEGATIVE | SMC has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SMC is above the rising 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) | 49.51 | NEUTRAL | The RSI value for SMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests SMC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.48 | NEUTRAL | The Stochastics value for SMC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for SMC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.06 | NEUTRAL | The ADX value for SMC suggests a possible start of a new 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)
25.27
+0.3 (+1.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.2%
1 Week3.4%
2 Weeks4.16%
1 Month0.8%
3 Month-15.34%
6 Month-41.07%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.87
ATR(20)%3.69%
ATR Inc-16.05%
Range Today0.48
ADR(20)0.89
ADR(20)%3.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High26.88
10 Day Low23.95
20 Day High26.88
20 Day Low23.53
52 Week High45.89
52 Week Low23.53
CS1 End24.44
CR1 Start25.59
Volume & EV
DER(3)1.82%
DER(5)2.07%
Volume52.10K
Volume Incr-57.38%
Vol(5)72.68K
Vol(50)108.26K