SUMMIT MIDSTREAM PARTNERS LP (SMLP) Stock Technical Analysis
NYSE:SMLP - New York Stock Exchange, Inc. - US8661424098 - Currency: USD
Taking everything into account, SMLP 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, SMLP is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SMLP did better than 98% of all other stocks.
SMLP is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry. SMLP outperforms 99% of them.
A new 52 week high is currently being made by SMLP, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month SMLP has a been trading in the 33.30 - 38.05 range, which is quite wide. It is currently trading near the high of this range.
Although SMLP has an excellent technical rating, it does not present a decent entry opportunity 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
13.46
38.43
When analyzing the support we can see 3 important areas.
- A support zone ranging from 33.99 to 34.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.49 from a trend line in the weekly time frame.
- Support @13.60 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.35
Mansfield5
10 Day High38.05
10 Day Low35.35
20 Day High38.05
20 Day Low33.3
52 Week High38.05
52 Week Low13
Performance
1 Week3.59%
2 Weeks5.02%
1 Month7.88%
3 Month11.85%
6 Month133.01%
12 Month152.82%
2 Year154.52%
3 Year1.98%
5 Year-67.73%
10 Year-94.83%
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)0.03
RSI(14)70.23
LBB35.44
UBB37.79
NYSE:SMLP (7/31/2024, 8:04:00 PM)
38.05
+1.34 (+3.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.65%
1 Week3.59%
2 Weeks5.02%
1 Month7.88%
3 Month11.85%
6 Month133.01%
12 Month152.82%
2 Year154.52%
3 Year1.98%
5 Year-67.73%
10 Year-94.83%
15 YearN/A
Volatility
ATR(14)1.06
ATR(20)%3.09%
ATR Inc9.89%
Range Today1.57
ADR(20)1.18
ADR(20)%3.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.35
Mansfield5
10 Day High38.05
10 Day Low35.35
20 Day High38.05
20 Day Low33.3
52 Week High38.05
52 Week Low13
CS1 End34.53
CR1 StartN/A
Volume & EV
DER(3)13.61%
DER(5)12.65%
Volume74.80K
Volume Incr10.13%
Vol(5)34.52K
Vol(50)32.12K