SUMMIT THERAPEUTICS INC (SMMT) Technical Analysis
NASDAQ:SMMT • US86627T1088
Current stock price
SMMT Technical Rating and Analysis
Overall SMMT gets a technical rating of 0 out of 10. 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: 82% of all stocks are doing better.
- SMMT is part of the Biotechnology industry. There are 518 other stocks in this industry, of which 61% are performing better than SMMT.
- SMMT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SMMT is lagging the market.
- In the last month SMMT has a been trading in the 14.60 - 16.80 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- SMMT has an average volume of 2678420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SMMT Weekly and Daily overview Charts
SMMT Setup Rating and Analysis
Although the technical rating is bad, SMMT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 15.46, a Stop Loss order could be placed below this zone.
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SMMT Support and Resistance Analysis
14.33
2 important support areas can be observed.
- A support zone ranging from 15.36 to 15.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.47 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 15.74 to 16.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 16.38 to 16.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.05 from a trend line in the daily time frame.
- Resistance @19.16 from a horizontal line in the daily time frame.
- Resistance @26.21 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 | 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 | 18.65 | NEGATIVE | SMMT has a low relative strength, it was outperformed by 81.35% 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) | 48.13 | NEUTRAL | The RSI value for SMMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SMMT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.14 | NEUTRAL | The Stochastics value for SMMT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.87 | MEDIUM VOLATILITY | The ATR as a percentage value for SMMT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.56 | NEGATIVE | The low ADX value for SMMT suggests a weak or negative trend. |
SMMT Chart- and CandleStick Pattern Analysis
SMMT Technicals: Chart, Performance Metrics, Trend & Indicators
15.6
-0.25 (-1.58%)
SUMMIT THERAPEUTICS INC / SMMT TA FAQ
Can you provide the ChartMill technical rating for SUMMIT THERAPEUTICS INC?
ChartMill assigns a technical rating of 0 / 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 48.1307. 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 neutral.
Can you provide the support and resistance levels for SUMMIT THERAPEUTICS INC?
SUMMIT THERAPEUTICS INC (SMMT) has a support level at 15.46 and a resistance level at 15.74. Check the full technical report for our detailed analysis of SMMT support and resistance levels.