SUMMIT FINANCIAL GROUP INC (SMMF) Stock Technical Analysis
NASDAQ:SMMF - Nasdaq - US86606G1013 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to SMMF. 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.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
SMMF is an average performer in the Banks industry, it outperforms 67% of 394 stocks in the same industry.
SMMF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SMMF is lagging the market.
Volume is considerably higher in the last couple of days.
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
24.57
30.82
When analyzing the support we notice one important 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.
We can see 4 important resistance 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.
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. |
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)
25.7
-0.66 (-2.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.5%
1 Week-6.24%
2 Weeks2.47%
1 Month-0.89%
3 Month-9.09%
6 Month18.27%
12 Month41.21%
2 Year-6.14%
3 Year7.85%
5 Year3.84%
10 Year144.76%
15 Year326.91%
Volatility
ATR(14)0.71
ATR(20)%2.49%
ATR Inc22.61%
Range Today1.06
ADR(20)0.61
ADR(20)%2.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.16
Mansfield-0.41
10 Day High28.32
10 Day Low25.36
20 Day High28.32
20 Day Low24.87
52 Week High31.49
52 Week Low17.06
CS1 End25.64
CR1 Start26.22
Volume & EV
DER(3)-0.57%
DER(5)-0.75%
Volume278.10K
Volume Incr178.74%
Vol(5)71.90K
Vol(50)29.05K