SUMMIT THERAPEUTICS INC (SMMT) Stock Technical Analysis
USA - NASDAQ:SMMT - US86627T1088 - Common Stock
20.035 USD
-0.95 (-4.55%)
20.0394 USD
+0 (+0.02%)
We assign a technical rating of 1 out of 10 to SMMT. SMMT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, SMMT is a bad performer in the overall market: 87% of all stocks are doing better.
SMMT is one of the lesser performing stocks in the Biotechnology industry. 65% of 534 stocks in the same industry do better.
SMMT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SMMT has a been trading in the 18.08 - 25.49 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
SMMT has an average volume of 4356820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
17.19
28.01
When analyzing the support we can see 3 important areas.
- Support @20.01 from a trend line in the weekly time frame.
- Support @19.21 from a trend line in the weekly time frame.
- A support zone ranging from 17.36 to 17.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 21.38 to 21.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.99 to 22.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.93 from a horizontal line in the daily time frame.
- Resistance @23.54 from a trend line in the daily time frame.
- Resistance @27.73 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 | DOWN | NEGATIVE | The long term trend for SMMT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SMMT is neutral. |
| ChartMill Relative Strength | 13.66 | NEGATIVE | SMMT has a low relative strength, it was outperformed by 86.34% 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) | UP | MIXED | The current price of SMMT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.67 | NEUTRAL | The RSI value for SMMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SMMT has a negative trend. |
| Stochastics (14,3) | 24.7 | NEUTRAL | The Stochastics value for SMMT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.45 | HIGH VOLATILITY | The high ATR as a percentage value for SMMT suggests high volalility. |
| Average Directional Index/ADX (14) | 19.19 | NEGATIVE | The low ADX value for SMMT 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)
20.035
-0.95 (-4.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-4.55%
1 Week-12.63%
2 Weeks-9.55%
1 Month4.9%
3 Month-30.12%
6 Month-14.62%
12 Month-5.76%
2 Year932.73%
3 Year1738.07%
5 Year512.69%
10 Year98.37%
15 YearN/A
Volatility
ATR(14)1.64
ATR(20)%7.45%
ATR Inc73.61%
Range Today2.9
ADR(20)1.39
ADR(20)%6.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.66
Mansfield-1.7
10 Day High25.49
10 Day Low18.08
20 Day High25.49
20 Day Low18.08
52 Week High36.91
52 Week Low15.55
CS1 End20.01
CR1 Start21.38
Volume & EV
DER(3)1.49%
DER(5)1.5%
Volume9.38M
Volume Incr24.56%
Vol(5)4.85M
Vol(50)4.36M