Technical Analysis for SMMT - Summit Therapeutics plc

Grade Last Price % Change Price Change
A 4.80 -3.33% -0.17
SMMT closed down 6.59 percent on Wednesday, May 8, 2024, on 1.2 times normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
Earnings due: May 9
*** please verify all earnings dates ***
2 Watchers
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New Uptrend Bullish -3.33%
New 52 Week High Strength -3.33%
Stochastic Reached Overbought Strength -3.33%
Upper Bollinger Band Walk Strength -3.33%
Wide Bands Range Expansion -3.33%
Overbought Stochastic Strength -3.33%
Upper Bollinger Band Touch Strength -3.33%
New 52 Week Closing High Bullish -9.70%
Pocket Pivot Bullish Swing Setup -9.70%
Wide Range Bar Range Expansion -9.70%

   Recent Intraday Alerts

Alert Time
Down 5% about 3 hours ago
60 Minute Opening Range Breakdown about 3 hours ago
Down 3% about 4 hours ago
Down 2 % about 4 hours ago
Fell Below Previous Day's Low about 4 hours ago

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Profile

Summit Therapeutics plc Description

Summit Corporation plc, a drug discovery and development company, engages in the discovery and development of novel drug candidates to treat areas of high unmet medical need. The company licenses its drug discovery platform, known as Seglin technology, for the identification of new drug leads and candidates with the potential to target a range of diseases. Its pipeline consists of clinical stage programmes targeting Duchenne Muscular Dystrophy (DMD) and Clostridium difficile infection (CDI). The company provides SMT C1100, a small molecule Utrophin modulator for DMD patients that has completed Phase I clinical trial; and SMT 19969, a Phase I clinical trial completed novel molecule antibiotic for the treatment for initial CDI and prevention of recurrent disease. It is also engaged in other programmes that include OGA inhibitor programme for the treatment of dementia. The company has a technology license agreement with Bristol-Myers Squibb to access the Seglin technology platform. It has operations primarily in the United Kingdom and the United States. The company was formerly known as VASTox plc and changed its name to Summit Corporation Plc in July 2007. Summit Corporation plc was founded in 2003 and is headquartered in Abingdon, the United Kingdom.


Classification

Sector: Healthcare
Industry: Drug Manufacturers - Specialty & Generic
Keywords: Medicine Disease Drug Discovery Antibiotics Dementia Dystrophy Muscular Dystrophy Summit Duchenne Muscular Dystrophy Duchenne Cdi Clostridioides Difficile Clostridium Difficile Infection Clostridium Difficile

Is SMMT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 5.39
52 Week Low 1.5
Average Volume 2,261,157
200-Day Moving Average 2.85
50-Day Moving Average 4.07
20-Day Moving Average 3.97
10-Day Moving Average 4.31
Average True Range 0.41
RSI (14) 62.12
ADX 25.63
+DI 38.44
-DI 9.02
Chandelier Exit (Long, 3 ATRs) 4.15
Chandelier Exit (Short, 3 ATRs) 4.58
Upper Bollinger Bands 5.00
Lower Bollinger Band 2.94
Percent B (%b) 0.98
BandWidth 52.10
MACD Line 0.24
MACD Signal Line 0.08
MACD Histogram 0.1599
Fundamentals Value
Market Cap 3.48 Billion
Num Shares 701 Million
EPS -1.02
Price-to-Earnings (P/E) Ratio -4.86
Price-to-Sales 753.90
Price-to-Book 31.81
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.64
Resistance 3 (R3) 5.70 5.55 5.52
Resistance 2 (R2) 5.55 5.37 5.51 5.48
Resistance 1 (R1) 5.25 5.27 5.18 5.19 5.45
Pivot Point 5.10 5.10 5.06 5.06 5.10
Support 1 (S1) 4.80 4.92 4.73 4.74 4.47
Support 2 (S2) 4.65 4.82 4.61 4.44
Support 3 (S3) 4.35 4.65 4.40
Support 4 (S4) 4.29