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    Technical Analysis for SMC - Summit Midstream Corporation

    Grade Last Price % Change Price Change
    D 36.99 7.37% 2.54
    SMC closed up 7.37 percent on Wednesday, October 2, 2024, on 46 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.
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    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Weak or Absent Up Up Up
    Historical SMC trend table...
    Date Alert Name Type % Chg
    Crossed Above 20 DMA Bullish 0.00%
    Crossed Above 50 DMA Bullish 0.00%
    180 Bullish Setup Bullish Swing Setup 0.00%
    Gapped Up Strength 0.00%
    Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 7.37%
    Inside Day Range Contraction 7.37%
    Gapped Down Weakness 7.37%
    Lower Bollinger Band Walk Weakness 5.60%
    Oversold Stochastic Weakness 5.60%
    Slingshot Bearish Bearish Swing Setup 6.94%
    Older End-of-Day Signals for SMC ...

       Recent Intraday Alerts

    Alert Time
    Up 2 ATRs about 5 hours ago
    Up 10% about 5 hours ago
    Rose Above 20 DMA about 8 hours ago
    Rose Above Previous Day's High about 8 hours ago
    Rose Above 50 DMA about 8 hours ago
    View Earlier Intraday Alerts

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    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: 2 bullish, 1 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    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
    Jul 29 Summit Midstream Partners Successfully Manages Debt And Corporation Conversion
    Jul 26 “Summit Midstream Partners (SMLP) is More a Bet on The Jockey Than The Horse”: Legacy Ridge Capital Management
    Jul 25 Summit Midstream Sets Pricing Terms of Senior Notes Due 2026
    Jul 25 Summit Midstream Partners: There Is A Lot Of Value Left To Capture
    Jul 24 Summit Midstream Partners sets terms for cash tender offer of its subsidiaries
    See more SMC news...

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    Indicators

    Indicator Value
    52 Week High 40.75
    52 Week Low 15.56
    Average Volume 62,238
    200-Day Moving Average 28.41
    50-Day Moving Average 36.24
    20-Day Moving Average 36.04
    10-Day Moving Average 35.30
    Average True Range 1.57
    RSI (14) 55.95
    ADX 12.87
    +DI 22.73
    -DI 20.15
    Chandelier Exit (Long, 3 ATRs) 34.46
    Chandelier Exit (Short, 3 ATRs) 37.87
    Upper Bollinger Bands 38.45
    Lower Bollinger Band 33.63
    Percent B (%b) 0.7
    BandWidth 13.38
    MACD Line -0.31
    MACD Signal Line -0.27
    MACD Histogram -0.0447
    Fundamentals Value
    Market Cap 383.82 Million
    Num Shares 10.4 Million
    EPS -7.02
    Price-to-Earnings (P/E) Ratio -5.27
    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) 39.14
    Resistance 3 (R3) 38.87 37.90 38.78
    Resistance 2 (R2) 37.90 37.35 38.03 38.66
    Resistance 1 (R1) 37.44 37.01 37.67 37.71 38.54
    Pivot Point 36.47 36.47 36.58 36.60 36.47
    Support 1 (S1) 36.01 35.92 36.24 36.28 35.44
    Support 2 (S2) 35.04 35.58 35.17 35.32
    Support 3 (S3) 34.58 35.04 35.20
    Support 4 (S4) 34.85