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(SMMT) Summit Therapeutics complete technical analysis [charts+indicators] | Buy/Sell Summit Therapeutics | (SMMT) share price targets

Complete technical analysis of Summit Therapeutics (SMMT) by charts plus indicators, forecast predictions and share price targets for Summit Therapeutics (SMMT)

Summit Therapeutics trades in USA in Health Care sector.

10 day averaged volume of Summit Therapeutics is 1539724

Date Daily Closing Price Open High Low Volume
23 Thu May 2024 4.32 4.41 4.43 4.25 1.288 times
22 Wed May 2024 4.39 4.50 4.54 4.30 0.774 times
21 Tue May 2024 4.39 4.52 4.61 4.35 0.92 times
20 Mon May 2024 4.54 4.43 4.57 4.43 0.625 times
17 Fri May 2024 4.44 4.54 4.63 4.43 0.763 times

My analysis of stock is bearish for shortterm, and stock might move down till 4.1 or till 3.7. Use a stoploss of 4.48 and if the stock hits stoploss, then it can shoot up till 4.83

Share price targets for Summit Therapeutics (SMMT)

Target Type Value
Downside Target 2.53
Downside Target 3.25
Downside Target 3.34
Downside Target 3.85
Downside Target 4.24
Upside Target 4.41
Upside Target 4.61
Upside Target 4.72
Upside Target 4.99
Upside Target 5.12
Upside Target 5.14
Upside Target 5.22
Upside Target 5.39

Intraday share price targets for Summit Therapeutics (SMMT)

Target Type Value
Downside Intraday Target 4.18
Downside Intraday Target 4.03
Upside Intraday Target 4.54
Upside Intraday Target 4.75
Upside Intraday Target 4.39

Weekly technical analysis of Summit Therapeutics (SMMT)

Date Weekly Closing Price Open High Low Volume
23 Thu May 2024 4.32 4.43 4.61 4.25 0.689 times
17 Fri May 2024 4.44 4.60 5.12 4.41 0.634 times
10 Fri May 2024 4.65 4.40 5.39 4.32 0.927 times
03 Fri May 2024 4.39 3.88 4.99 3.85 1.941 times
26 Fri Apr 2024 3.86 3.49 3.93 3.40 1.089 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Summit Therapeutics (SMMT)

Date Monthly Closing Price Open High Low Volume
23 Thu May 2024 4.32 3.92 5.39 3.90 1.029 times
30 Tue Apr 2024 3.93 4.21 4.24 3.34 0.645 times
28 Thu Mar 2024 4.14 4.56 5.22 3.25 1.369 times
29 Thu Feb 2024 4.54 3.94 5.14 3.42 0.854 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Summit Therapeutics (SMMT)

Indicator Name Indicator Value Indicator Signal
ADX 15, 15, 0 Sell
MACD 0, 0Sell
Stochastics 7Sell
CCI -114Sell
RSI 58Buy
OBV 3490914Sell
VWAP 5Sell
ADL 0Sell
ROC -10Sell
Force Index 0Sell

Price action analysis of Summit Therapeutics ( (SMMT) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Summit Therapeutics ( (SMMT) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Summit Therapeutics ( (SMMT) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Summit Therapeutics ( (SMMT) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Summit Therapeutics stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Summit Therapeutics in short term but the sell signal is initial and weak.

Summit Therapeutics Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Summit Therapeutics in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Summit Therapeutics is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4.53 and Summit Therapeutics (SMMT) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Summit Therapeutics (SMMT) stock. Volume based technical analysis of Summit Therapeutics (SMMT) stock is negative.

Summit Therapeutics Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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