SUMMIT THERAPEUTICS INC (SMMT) Technical Analysis
NASDAQ:SMMT • US86627T1088
Current stock price
SMMT Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to SMMT. Both in the recent history as in the last year, SMMT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- SMMT has an average volume of 2794290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that SMMT is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- SMMT is an average performer in the Biotechnology industry, it outperforms 61% of 516 stocks in the same industry.
- SMMT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SMMT is lagging the market.
- In the last month SMMT has a been trading in the 15.84 - 29.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SMMT Weekly and Daily overview Charts
SMMT Setup Rating and Analysis
Although SMMT 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
SMMT Support and Resistance Analysis
15.38
2 important support areas can be observed.
- Support @16.83 from a trend line in the daily time frame.
- Support @15.54 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @25.15 from a horizontal line in the weekly time frame.
- Resistance @25.84 from a trend line in the weekly time frame.
SMMT 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 | UP | POSITIVE | The long term trend for SMMT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMMT is up. |
| ChartMill Relative Strength | 81.34 | POSITIVE | SMMT has a high relative strength, it outperformed 81.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SMMT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SMMT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SMMT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.81 | OVERBOUGHT | The high RSI value suggests SMMT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.58 | POSITIVE | The MACD value suggests SMMT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.51 | NEUTRAL | The Stochastics value for SMMT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.55 | HIGH VOLATILITY | The high ATR as a percentage value for SMMT suggests high volalility. |
| Average Directional Index/ADX (14) | 50.42 | POSITIVE | The high ADX value value for SMMT suggests a strong trend. |
SMMT Chart- and CandleStick Pattern Analysis
SMMT Technicals: Chart, Performance Metrics, Trend & Indicators
24.58
-1.8 (-6.82%)
SUMMIT THERAPEUTICS INC / SMMT TA FAQ
Can you provide the ChartMill technical rating for SUMMIT THERAPEUTICS INC?
ChartMill assigns a technical rating of 9 / 10 to SMMT.
Can you provide the trend direction for SUMMIT THERAPEUTICS INC?
The current trend direction for SUMMIT THERAPEUTICS INC (SMMT) is Bullish.
What is the RSI signal for SUMMIT THERAPEUTICS INC (SMMT) stock?
SUMMIT THERAPEUTICS INC (SMMT) has an RSI value of 70.8084. This indicates that the stock is currently overbought.
Can you provide the MACD signal for SUMMIT THERAPEUTICS INC?
The MACD indicator for SUMMIT THERAPEUTICS INC (SMMT) has a value of 0.584401, indicating a bearish trend.
What is the buy/sell signal for SMMT stock?
The buy/sell signal for SUMMIT THERAPEUTICS INC (SMMT) is buy as both the short term and long term trends are positive.