SUMMIT MIDSTREAM PARTNERS LP (SMLP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SMLP - US8661424098
We assign a technical rating of 10 out of 10 to SMLP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SMLP is showing a nice and steady performance.
Although SMLP has an excellent technical rating, it does not present a decent entry opportunity 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
13.46
We found 3 important support areas.
- A support zone ranging from 33.99 to 34.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.49 from a trend line in the weekly time frame.
- Support @13.60 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for SMLP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMLP is up. |
| ChartMill Relative Strength | 98.35 | POSITIVE | SMLP has a high relative strength, it outperformed 98.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SMLP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SMLP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SMLP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.23 | OVERBOUGHT | The high RSI value suggests SMLP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SMLP has a positive trend. |
| Stochastics (14,3) | 85.76 | OVERBOUGHT | The high Stochastics value suggests SMLP may be overbought. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for SMLP suggests some volalility. |
| Average Directional Index/ADX (14) | 15.62 | NEGATIVE | The low ADX value for SMLP suggests a weak or negative trend. |
NYSE:SMLP (7/31/2024, 8:04:00 PM)
38.05
+1.34 (+3.65%)
SUMMIT MIDSTREAM PARTNERS LP / SMLP FAQ
What is the technical rating for SMLP stock?
ChartMill assigns a technical rating of 10 / 10 to SMLP.
What is the trend direction for SMLP stock?
The current trend direction for SUMMIT MIDSTREAM PARTNERS LP (SMLP) is Bullish.
Can you provide the RSI signal for SUMMIT MIDSTREAM PARTNERS LP?
SUMMIT MIDSTREAM PARTNERS LP (SMLP) has an RSI value of 70.2255. This indicates that the stock is currently overbought.
Can you provide the MACD signal for SUMMIT MIDSTREAM PARTNERS LP?
The MACD indicator for SUMMIT MIDSTREAM PARTNERS LP (SMLP) has a value of 0.0349727, indicating a bearish trend.
Can you provide the support and resistance levels for SUMMIT MIDSTREAM PARTNERS LP?
SUMMIT MIDSTREAM PARTNERS LP (SMLP) has a support level at 34.53. Check the full technical report for our detailed analysis of SMLP support and resistance levels.