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    Technical Analysis for SMC - Summit Midstream Corporation

    Grade Last Price % Change Price Change
    D 34.41 -1.69% -0.59
    SMC closed down 1.69 percent on Tuesday, October 29, 2024, on 49 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
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    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Weak or Absent Up Down Down
    Historical SMC trend table...
    Date Alert Name Type % Chg
    20 DMA Resistance Bearish 0.00%
    Shooting Star Candlestick Bearish 0.00%
    180 Bearish Setup Bearish Swing Setup 0.00%
    Cup with Handle Other 0.00%
    Doji - Bearish? Reversal 0.00%
    Gapped Down Weakness 0.00%
    Hammer Candlestick Bullish -1.69%
    Lizard Bullish Bullish Day Trade Setup -1.69%
    Doji - Bullish? Reversal -1.69%
    20 DMA Resistance Bearish -1.46%
    Older End-of-Day Signals for SMC ...

       Recent Intraday Alerts

    Alert Time
    Down 2 % about 9 hours ago
    Gap Down Partially Closed about 11 hours ago
    Gap Down Closed about 11 hours ago
    60 Minute Opening Range Breakdown about 11 hours ago
    20 DMA Resistance about 11 hours ago
    View Earlier Intraday Alerts

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    Basic chart:

    Profile

    Summit Midstream Corp. engages in operating midstream energy infrastructure assets that are strategically located in unconventional resource basins, primarily shale formations, in the continental United States. The company was founded on May 14, 2024 and is headquartered in Houston, TX.
    Classification
    Sector: Energy
    Industry: Oil & Gas Midstream
    Keywords: American Energy Partners

    Is SMC a Buy, Sell or Hold?

    Indicator Bull Case Neutral / Hold Bear Case
    50 DMA
    200 DMA
    ADX Trend
    Oversold / Overbought
    Relative Strength
    Counts: 1 bullish, 2 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    Oct 15 Summit Midstream Keeps Digging
    Oct 3 Summit Midstream Corporation: Many Tailwinds Are Now In Play
    Oct 1 Summit Midstream to buy Tall Oak Midstream in ~$450M cash and stock deal
    Oct 1 Tailwater Capital Announces Sale of Tall Oak Midstream III to Summit Midstream Corporation
    Oct 1 Summit Midstream Corporation Announces Transformative Acquisition of Tall Oak Midstream III in the Arkoma Basin
    Sep 14 Investing in Summit Midstream (NYSE:SMC) a year ago would have delivered you a 152% gain
    Aug 9 Summit Midstream reports Q2 results
    Aug 8 Summit Midstream Corporation Reports Second Quarter 2024 Financial and Operating Results of Summit Midstream Partners, LP
    Aug 4 Summit Midstream (NYSE:SMC) Could Be At Risk Of Shrinking As A Company
    Jul 31 Common Stock of Summit Midstream Corporation to Commence Trading on NYSE on Thursday, August 1
    See more SMC news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 40.75
    52 Week Low 15.56
    Average Volume 77,400
    200-Day Moving Average 30.12
    50-Day Moving Average 36.00
    20-Day Moving Average 35.73
    10-Day Moving Average 35.26
    Average True Range 1.32
    RSI (14) 41.18
    ADX 10.4
    +DI 19.35
    -DI 22.44
    Chandelier Exit (Long, 3 ATRs) 34.83
    Chandelier Exit (Short, 3 ATRs) 37.97
    Upper Bollinger Bands 37.57
    Lower Bollinger Band 33.89
    Percent B (%b) 0.14
    BandWidth 10.31
    MACD Line -0.31
    MACD Signal Line -0.20
    MACD Histogram -0.1071
    Fundamentals Value
    Market Cap 357.05 Million
    Num Shares 10.4 Million
    EPS -7.02
    Price-to-Earnings (P/E) Ratio -4.90
    Price-to-Sales 0.42
    Price-to-Book 0.24
    PEG Ratio 20.05
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 37.01
    Resistance 3 (R3) 37.25 36.62 36.58
    Resistance 2 (R2) 36.62 35.96 36.50 36.43
    Resistance 1 (R1) 35.52 35.55 35.20 35.28 36.29
    Pivot Point 34.89 34.89 34.73 34.77 34.89
    Support 1 (S1) 33.78 34.23 33.47 33.54 32.53
    Support 2 (S2) 33.16 33.82 33.04 32.39
    Support 3 (S3) 32.05 33.16 32.24
    Support 4 (S4) 31.81