SUMMIT THERAPEUTICS INC (SMMT) Stock Technical Analysis
NASDAQ:SMMT - Nasdaq - US86627T1088 - Common Stock - Currency: USD
Taking everything into account, SMMT scores 4 out of 10 in our technical rating. Although SMMT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
SMMT is part of the Biotechnology industry. There are 559 other stocks in this industry. SMMT outperforms 96% of them.
SMMT has an average volume of 5265200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Looking at the yearly performance, SMMT did better than 96% of all other stocks. We also observe that the gains produced by SMMT over the past year are nicely spread over this period. However, this overall performance is mostly based on the strong move around 10 months ago.
SMMT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SMMT is lagging the market slightly.
In the last month SMMT has a been trading in the 16.03 - 27.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SMMT has an average technical rating and it also 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
27.44
When analyzing the support we can see 2 important areas.
- Support @17.96 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 4 important areas.
- A resistance zone ranging from 21.57 to 21.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.05 to 23.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @25.46 from a trend line in the daily time frame.
- Resistance @27.17 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 | NEUTRAL | NEUTRAL | The long term trend for SMMT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SMMT is down. |
| ChartMill Relative Strength | 96.88 | POSITIVE | SMMT has a high relative strength, it outperformed 96.88% 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) | 46.5 | NEUTRAL | The RSI value for SMMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests SMMT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.56 | NEUTRAL | The Stochastics value for SMMT is a neutral value. |
| Average True Range in percent/ATR (20) | 9.15 | HIGH VOLATILITY | The high ATR as a percentage value for SMMT suggests high volalility. |
| Average Directional Index/ADX (14) | 17.73 | 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)
21.56
+0.97 (+4.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.71%
1 Week21.64%
2 Weeks-16.6%
1 Month-10.02%
3 Month3.7%
6 Month20.92%
12 Month156.97%
2 Year758.96%
3 Year2056%
5 Year625.93%
10 Year104.17%
15 YearN/A
Volatility
ATR(14)2.14
ATR(20)%9.15%
ATR Inc-27.12%
Range Today1.55
ADR(20)1.73
ADR(20)%8.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.88
Mansfield1.14
10 Day High27.09
10 Day Low16.03
20 Day High27.09
20 Day Low16.03
52 Week High36.91
52 Week Low6.78
CS1 End17.96
CR1 Start21.57
Volume & EV
DER(3)6.24%
DER(5)3.69%
Volume4.27M
Volume Incr46.19%
Vol(5)6.00M
Vol(50)5.27M