SUMMIT MIDSTREAM CORP (SMC) Stock Technical Analysis
USA - NYSE:SMC - US86614G1013 - Common Stock
We assign a technical rating of 4 out of 10 to SMC. In the past year, SMC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
SMC has an average technical rating and the quality of the presented setup is also not ideal 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
20.19
4 important support areas can be observed.
- A support zone ranging from 21.99 to 22.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.59 from a trend line in the daily time frame.
- A support zone ranging from 21.20 to 21.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.39 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 23.77 to 23.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.41 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for SMC is up. |
| ChartMill Relative Strength | 23.18 | NEGATIVE | SMC has a low relative strength, it was outperformed by 76.82% 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) | UP | POSITIVE | The current price of SMC is above the rising 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) | 61.83 | NEUTRAL | The RSI value for SMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests SMC has a positive trend. |
| Stochastics (14,3) | 79.3 | NEUTRAL | The Stochastics value for SMC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.09 | MEDIUM VOLATILITY | The ATR as a percentage value for SMC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.47 | NEGATIVE | The low ADX value for SMC suggests a weak or negative trend. |
23.76
+0.26 (+1.11%)
SUMMIT MIDSTREAM CORP / SMC FAQ
What is the ChartMill technical rating of SUMMIT MIDSTREAM CORP (SMC) stock?
ChartMill assigns a technical rating of 4 / 10 to SMC.
Can you provide the trend direction for SUMMIT MIDSTREAM CORP?
The current trend direction for SUMMIT MIDSTREAM CORP (SMC) is Bearish.
What is the RSI signal for SMC stock?
SUMMIT MIDSTREAM CORP (SMC) has an RSI value of 61.8254. This indicates that the stock is currently neutral.
What is the MACD signal for SUMMIT MIDSTREAM CORP (SMC) stock?
The MACD indicator for SUMMIT MIDSTREAM CORP (SMC) has a value of 0.219866, indicating a bearish trend.
What is the short term momentum for SMC stock?
The short term momentum for SUMMIT MIDSTREAM CORP (SMC) is positive.