SUMMIT MIDSTREAM CORP (SMC) Stock Technical Analysis
NYSE:SMC - New York Stock Exchange, Inc. - US86614G1013 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to SMC. SMC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
100% of all other stocks performed better in the past year than SMC.
SMC is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 91% of 212 stocks in the same industry do better.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month SMC has a been trading in the 25.72 - 37.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, SMC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 29.69. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for SMC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
29.39
31.77
We found 1 important support area.
- A support zone ranging from 29.69 to 29.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @31.46 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High29.98
10 Day Low25.72
20 Day High37.45
20 Day Low25.72
52 Week HighN/A
52 Week LowN/A
Performance
1 Week6.57%
2 Weeks1.99%
1 Month-16.28%
3 Month-30.78%
6 Month-15.01%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.42
RSI(14)44.16
LBB26.05
UBB30.05
29.85
+0.17 (+0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.57%
1 Week6.57%
2 Weeks1.99%
1 Month-16.28%
3 Month-30.78%
6 Month-15.01%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.29
ATR(20)%7.86%
ATR Inc-31.98%
Range Today1.09
ADR(20)2.18
ADR(20)%7.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High29.98
10 Day Low25.72
20 Day High37.45
20 Day Low25.72
52 Week HighN/A
52 Week LowN/A
CS1 EndN/A
CR1 Start29.69
Volume & EV
DER(3)2.08%
DER(5)3.31%
Volume35.82K
Volume Incr-59.81%
Vol(5)70.50K
Vol(50)122.69K