SUMMIT THERAPEUTICS INC (SMMT) Stock Technical Analysis
NASDAQ:SMMT - US86627T1088 - Common Stock
24.805 USD
-2.18 (-8.06%)
25.05 USD
+0.25 (+0.99%)
Overall SMMT gets a technical rating of 9 out of 10. In the last year, SMMT was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month SMMT has a been trading in the 24.16 - 30.98 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that SMMT is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, SMMT also shows a nice and consistent pattern of rising prices.
SMMT is part of the Biotechnology industry. There are 547 other stocks in this industry. SMMT outperforms 88% of them.
SMMT has an average volume of 3357610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Although SMMT has an excellent technical rating, it does not present a decent entry opportunity 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
16.81
28.59
When analyzing the support we can see 5 important areas.
- A support zone ranging from 24.80 to 24.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.85 from a trend line in the weekly time frame.
- A support zone ranging from 19.48 to 19.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.83 from a horizontal line in the weekly time frame.
- Support @16.98 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 24.82 to 25.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 26.94 to 26.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @27.50 from a trend line in the daily time frame.
- Resistance @28.31 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 | UP | POSITIVE | The long term trend for SMMT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SMMT is neutral. |
| ChartMill Relative Strength | 94.16 | POSITIVE | SMMT has a high relative strength, it outperformed 94.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SMMT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SMMT is below 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) | 42.71 | NEUTRAL | The RSI value for SMMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests SMMT has a negative trend. |
| Stochastics (14,3) | 33.14 | NEUTRAL | The Stochastics value for SMMT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.2 | HIGH VOLATILITY | The high ATR as a percentage value for SMMT suggests high volalility. |
| Average Directional Index/ADX (14) | 19.84 | 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)
24.805
-2.18 (-8.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-8.06%
1 Week-4.12%
2 Weeks-7.69%
1 Month-6.96%
3 Month36.18%
6 Month19.89%
12 Month91.1%
2 Year1431.17%
3 Year1967.08%
5 Year618.99%
10 Year108.45%
15 YearN/A
Volatility
ATR(14)1.77
ATR(20)%7.2%
ATR Inc120.07%
Range Today2.11
ADR(20)1.66
ADR(20)%6.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.16
Mansfield0.41
10 Day High30.05
10 Day Low24.26
20 Day High30.98
20 Day Low24.16
52 Week High36.91
52 Week Low11.76
CS1 End24.8
CR1 Start24.82
Volume & EV
DER(3)-0.88%
DER(5)-0.36%
Volume5.95M
Volume Incr23.98%
Vol(5)3.50M
Vol(50)3.36M