Taking everything into account, SMMT scores 0 out of 10 in our technical rating. 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.
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
We can see 3 important resistance areas.
- A resistance zone ranging from 17.55 to 18.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @19.18 from a trend line in the daily time frame.
- Resistance @27.44 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 | DOWN | NEGATIVE | The short term trend for SMMT is down. |
| ChartMill Relative Strength | 13.53 | NEGATIVE | SMMT has a low relative strength, it was outperformed by 86.47% 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) | 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) | 31.73 | NEUTRAL | The RSI value for SMMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests SMMT has a negative trend. |
| Stochastics (14,3) | 13.02 | OVERSOLD | The low Stochastics value suggests SMMT may be oversold. |
| Average True Range in percent/ATR (20) | 5.32 | HIGH VOLATILITY | The high ATR as a percentage value for SMMT suggests high volalility. |
| Average Directional Index/ADX (14) | 13.6 | NEGATIVE | The low ADX value for SMMT suggests a weak or negative trend. |
16.19
-0.26 (-1.58%)
SUMMIT THERAPEUTICS INC / SMMT FAQ
Can you provide the ChartMill technical rating for SUMMIT THERAPEUTICS INC?
ChartMill assigns a technical rating of 0 / 10 to SMMT.
What is the current trend direction of SUMMIT THERAPEUTICS INC (SMMT) stock?
The current trend direction for SUMMIT THERAPEUTICS INC (SMMT) is Bearish.
What is the RSI signal for SMMT stock?
SUMMIT THERAPEUTICS INC (SMMT) has an RSI value of 31.7312. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SUMMIT THERAPEUTICS INC?
The short term momentum for SUMMIT THERAPEUTICS INC (SMMT) is negative.
What is the buy/sell signal for SUMMIT THERAPEUTICS INC (SMMT) stock?
The buy/sell signal for SUMMIT THERAPEUTICS INC (SMMT) is sell as both the short term and long term trends are negative.