SUMMIT THERAPEUTICS INC (SMMT) Stock Technical Analysis
NASDAQ:SMMT - Nasdaq - US86627T1088 - Common Stock - Currency: USD
Taking everything into account, SMMT scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SMMT is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that SMMT is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by SMMT over the past year are nicely spread over this period.
SMMT is part of the Biotechnology industry. There are 557 other stocks in this industry. SMMT outperforms 94% of them.
In the last month SMMT has a been trading in the 19.20 - 26.33 range, which is quite wide. It is currently trading near the high of this range.
SMMT has an average volume of 4309830 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 offer a high 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
16.81
28.18
5 important support areas can be observed.
- A support zone ranging from 22.35 to 23.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.89 from a trend line in the weekly time frame.
- Support @18.86 from a trend line in the weekly time frame.
- Support @18.52 from a trend line in the daily time frame.
- Support @16.98 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @25.88 from a horizontal line in the daily time frame.
- Resistance @26.68 from a trend line in the weekly time frame.
- Resistance @27.90 from a horizontal 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 | UP | POSITIVE | The short term trend for SMMT is up. |
| ChartMill Relative Strength | 96.74 | POSITIVE | SMMT has a high relative strength, it outperformed 96.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SMMT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SMMT is above 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) | 59.83 | NEUTRAL | The RSI value for SMMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.58 | POSITIVE | The MACD value suggests SMMT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.15 | OVERBOUGHT | The high Stochastics value suggests SMMT may be overbought. |
| Average True Range in percent/ATR (20) | 5.75 | HIGH VOLATILITY | The high ATR as a percentage value for SMMT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.3 | NEUTRAL | The ADX value for SMMT suggests a possible start of a new 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)
25
-0.88 (-3.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.4%
1 Week1.83%
2 Weeks17.26%
1 Month27.68%
3 Month7.57%
6 Month40.06%
12 Month192.4%
2 Year1090.48%
3 Year2375.25%
5 Year590.61%
10 Year93.05%
15 YearN/A
Volatility
ATR(14)1.63
ATR(20)%5.75%
ATR Inc3.73%
Range Today0.96
ADR(20)1.36
ADR(20)%5.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.74
Mansfield1.81
10 Day High26.33
10 Day Low20.27
20 Day High26.33
20 Day Low19.2
52 Week High36.91
52 Week Low8.39
CS1 End23.15
CR1 Start25.88
Volume & EV
DER(3)5.27%
DER(5)3.67%
Volume2.23M
Volume Incr-18.62%
Vol(5)3.37M
Vol(50)4.31M