We assign a technical rating of 1 out of 10 to SMMT. SMMT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, SMMT is a bad performer in the overall market: 83% of all stocks are doing better.
- SMMT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- SMMT has an average volume of 2587830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- SMMT is part of the Biotechnology industry. There are 528 other stocks in this industry, SMMT did better than 44% of them.
- In the last month SMMT has a been trading in the 16.27 - 20.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of SMMT is bad and it also does not present a 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
16.03
When analyzing the support we can see 3 important areas.
- Support @17.18 from a trend line in the weekly time frame.
- Support @16.64 from a horizontal line in the daily time frame.
- A support zone ranging from 16.19 to 16.19. 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 17.80 to 17.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 19.16 to 19.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 19.68 to 19.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.86 from a trend 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 SMMT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SMMT is down. |
| ChartMill Relative Strength | 17.63 | NEGATIVE | SMMT has a low relative strength, it was outperformed by 82.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SMMT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SMMT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SMMT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.59 | NEUTRAL | The RSI value for SMMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests SMMT has a negative trend. |
| Stochastics (14,3) | 24.77 | NEUTRAL | The Stochastics value for SMMT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.97 | MEDIUM VOLATILITY | The ATR as a percentage value for SMMT suggests some volalility. |
| Average Directional Index/ADX (14) | 12.54 | NEGATIVE | The low ADX value for SMMT suggests a weak or negative trend. |
17.27
-0.38 (-2.15%)
SUMMIT THERAPEUTICS INC / SMMT FAQ
Can you provide the ChartMill technical rating for SUMMIT THERAPEUTICS INC?
ChartMill assigns a technical rating of 1 / 10 to SMMT.
Can you provide the trend direction for SUMMIT THERAPEUTICS INC?
The current trend direction for SUMMIT THERAPEUTICS INC (SMMT) is Bearish.
Can you provide the RSI signal for SUMMIT THERAPEUTICS INC?
SUMMIT THERAPEUTICS INC (SMMT) has an RSI value of 45.5912. This indicates that the stock is currently neutral.
What is the short term momentum for SMMT stock?
The short term momentum for SUMMIT THERAPEUTICS INC (SMMT) is negative.
Can you provide the support and resistance levels for SUMMIT THERAPEUTICS INC?
SUMMIT THERAPEUTICS INC (SMMT) has a support level at 17.18 and a resistance level at 17.8. Check the full technical report for our detailed analysis of SMMT support and resistance levels.