SUMMIT FINANCIAL GROUP INC (SMMF) Technical Analysis
NASDAQ:SMMF • US86606G1013
Current stock price
SMMF Technical Rating and Analysis
Overall SMMF gets a technical rating of 3 out of 10. Although SMMF is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month SMMF has a been trading in the 24.87 - 28.32 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: SMMF has an average volume of 29052 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- When comparing the yearly performance of all stocks, we notice that SMMF is one of the better performing stocks in the market, outperforming 75% of all stocks.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- SMMF is an average performer in the Banks industry, it outperforms 63% of 380 stocks in the same industry.
- SMMF is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SMMF is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
SMMF Weekly and Daily overview Charts
SMMF Setup Rating and Analysis
The technical rating of SMMF is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
SMMF Support and Resistance Analysis
24.57
We found 1 important support area.
- A support zone ranging from 24.82 to 25.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 26.22 to 26.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 27.45 to 27.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.47 from a horizontal line in the daily time frame.
- Resistance @30.51 from a horizontal line in the weekly time frame.
SMMF Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for SMMF is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SMMF is neutral. |
| ChartMill Relative Strength | 75.16 | POSITIVE | SMMF has a high relative strength, it outperformed 75.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SMMF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SMMF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SMMF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.8 | NEUTRAL | The RSI value for SMMF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SMMF has a negative trend. |
| Stochastics (14,3) | 37.87 | NEUTRAL | The Stochastics value for SMMF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for SMMF suggests some volalility. |
| Average Directional Index/ADX (14) | 18.69 | NEGATIVE | The low ADX value for SMMF suggests a weak or negative trend. |
SMMF Chart- and CandleStick Pattern Analysis
SMMF Technicals: Chart, Performance Metrics, Trend & Indicators
25.7
-0.66 (-2.5%)
SUMMIT FINANCIAL GROUP INC / SMMF TA FAQ
Can you provide the ChartMill technical rating for SUMMIT FINANCIAL GROUP INC?
ChartMill assigns a technical rating of 3 / 10 to SMMF.
Can you provide the trend direction for SUMMIT FINANCIAL GROUP INC?
The current trend direction for SUMMIT FINANCIAL GROUP INC (SMMF) is Bearish.
What is the RSI signal for SMMF stock?
SUMMIT FINANCIAL GROUP INC (SMMF) has an RSI value of 42.8045. This indicates that the stock is currently neutral.
What is the support and resistance level for SMMF stock?
SUMMIT FINANCIAL GROUP INC (SMMF) has a support level at 25.64 and a resistance level at 26.22. Check the full technical report for our detailed analysis of SMMF support and resistance levels.