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 0 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 negative, as is the long term trend. There should be more interesting stocks out there.
100% of all other stocks performed better in the past year than SMC.
SMC is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, of which 91% are performing better than SMC.
In the last month SMC has a been trading in the 24.39 - 30.24 range, which is quite wide. It is currently trading near the lows of this range.
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
24.80
30.24
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.67 to 29.94. 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 | DOWN | NEGATIVE | The short term trend for SMC is down. |
| 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) | 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) | 35.67 | NEUTRAL | The RSI value for SMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests SMC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.37 | OVERSOLD | The low Stochastics value suggests SMC may be oversold. |
| Average True Range in percent/ATR (20) | 4.92 | MEDIUM VOLATILITY | The ATR as a percentage value for SMC suggests some volalility. |
| Average Directional Index/ADX (14) | 38.77 | POSITIVE | The high ADX value value for SMC suggests a strong 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)
25.05
+0.51 (+2.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.08%
1 Week-0.36%
2 Weeks-7.05%
1 Month-11.45%
3 Month-36.84%
6 Month-33.75%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.19
ATR(20)%4.92%
ATR Inc-38.22%
Range Today0.58
ADR(20)1.18
ADR(20)%4.69%
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 High27.59
10 Day Low24.39
20 Day High30.24
20 Day Low24.39
52 Week HighN/A
52 Week LowN/A
CS1 EndN/A
CR1 Start29.6
Volume & EV
DER(3)-3.18%
DER(5)-0.33%
Volume42.80K
Volume Incr4.17%
Vol(5)67.14K
Vol(50)98.64K