SUMMIT MIDSTREAM PARTNERS LP (SMLP) Stock Technical Analysis
NYSE:SMLP - New York Stock Exchange, Inc. - US8661424098 - Currency: USD
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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SMLP did better than 98% of all other stocks.
SMLP is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry. SMLP outperforms 98% of them.
SMLP is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SMLP is leading the market.
In the last month SMLP has a been trading in the 33.30 - 38.05 range, which is quite wide. It is currently trading near the high of this range.
Although SMLP has an excellent technical rating, it does not offer a high 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
13.46
38.43
When analyzing the support we can see 3 important 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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.35
Mansfield5
10 Day High38.05
10 Day Low35.35
20 Day High38.05
20 Day Low33.3
52 Week High38.05
52 Week Low13
Performance
1 Week3.59%
2 Weeks5.02%
1 Month7.88%
3 Month11.85%
6 Month133.01%
12 Month152.82%
2 Year154.52%
3 Year1.98%
5 Year-67.73%
10 Year-94.83%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)70.23
LBB35.44
UBB37.79
NYSE:SMLP (7/31/2024, 8:04:00 PM)
38.05
+1.34 (+3.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.65%
1 Week3.59%
2 Weeks5.02%
1 Month7.88%
3 Month11.85%
6 Month133.01%
12 Month152.82%
2 Year154.52%
3 Year1.98%
5 Year-67.73%
10 Year-94.83%
15 YearN/A
Volatility
ATR(14)1.06
ATR(20)%3.09%
ATR Inc9.89%
Range Today1.57
ADR(20)1.18
ADR(20)%3.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.35
Mansfield5
10 Day High38.05
10 Day Low35.35
20 Day High38.05
20 Day Low33.3
52 Week High38.05
52 Week Low13
CS1 End34.53
CR1 StartN/A
Volume & EV
DER(3)13.61%
DER(5)12.65%
Volume74.80K
Volume Incr10.13%
Vol(5)34.52K
Vol(50)32.12K