Question 1

What implications does the 10-day RSI indicator have for SMMT?

Accepted Answer

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

Question 2

What does the Stochastic Oscillator suggest about SMMT's trend?

Accepted Answer

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Question 3

How did SMMT's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 12, 2024. You may want to consider a long position or call options on SMMT as a result. In 86 of 104 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 4

What does MACD indicator imply for SMMT?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for SMMT just turned positive on August 15, 2024. Looking at past instances where SMMT's MACD turned positive, the stock continued to rise in 36 of 46 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What does a 3-day price advance indicate for SMMT?

Accepted Answer

Following a +7.23% 3-day Advance, the price is estimated to grow further. Considering data from situations where SMMT advanced for three days, in 235 of 271 cases, the price rose further within the following month. The odds of a continued upward trend are 87%.

Question 6

What does a 3-day decline signify for SMMT's future price movement?

Accepted Answer

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SMMT declined for three days, in 247 of 306 cases, the price declined further within the following month. The odds of a continued downward trend are 81%.

Question 7

How does the Aroon Indicator reflect on SMMT's trend?

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 115 of 138 cases where SMMT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

SMMT Stock Summit Therapeutics (SMMT, $7.31) Stochastic Oscillator left the overbought zone on June 04, 2024

SMMT in -6.14% downward trend, sliding for three consecutive days on August 07, 2024

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