Technical analysis from Summit Germany (SMTG.L, LON:SMTG) on the London Stock Exchange (LSE). Download the latest price data & trading signals

Summit Germany
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Prices are being driven above the consensus of value for SMTG [Bullish]
Elder Ray Index /
Prices are being driven above the consensus of value for SMTG [Bullish]

[BEARISH]: Summit Germany Elder Ray Index is signalling a Bearish movementERI is -0.0175 indicating bear power. Prices are being driven below the consensus of value for SMTG during the last trading session [Selling Pressure]

SMTG Basic Candle: Long White
Long White Candle /
SMTG Basic Candle: Long White

[BULLISH]: Summit Germany has formed a Long White candlestick. This means, SMTG has traded with strong buying pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Aroon Oscillator /
SMTG: Aroon oscillator has confirmed an uptrend @4

[BULLISH]: Summit Germany has a current ARU(25) of 28 and a current ARD(25) of 24

Sine Weighted Moving Average /
[Bearish]: SWMA(5) is serving as a resistance line for Summit Germany

[BEARISH]: Summit Germany currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.0%.

Weighted Moving Average /
[Bearish]: WMA(5) is serving as a resistance line for Summit Germany

[BEARISH]: Summit Germany currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.0%.

Average Directional Movement /
Summit Germany: ADX(20.62) has signalled a weak trend is current

[Weak Trend]: ADX for SMTG has confirmed a weak trend is present. Summit Germany has an ATR(14) of 0.02, a DX of 3.79 & an ADX(14) of 20.62

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Exponential Moving Average /
SMTG: Price continues to move below the EMA(5) @$1.1569

[BEARISH]: Summit Germany currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.0%.

Fibonacci Extensions /
Summit Germany: Look for a long limit order entry @$803.8

Summit Germany has moved below the 161.8% level ($803.8) [Bullish]. Look for a long limit order entry near this point. Exit price for SMTG should be set @$881.8 & Stoploss for Summit Germany should be set at $725.8

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Summit Germany has moved above the R1 pivot point ($1.171) [Bullish]
Pivot Points /
Summit Germany has moved above the R1 pivot point ($1.171) [Bullish]

Summit Germany has broken the first support point ($1.142) [Bearish]. Look for a short limit order entry near this point. Exit price for SMTG should be set @$1.128 & short position stoploss for Summit Germany should be set between $1.185 & $1.199

[Bearish]: A lower low has been achieved for last trading day for SMTG
Coles Reaction Day /
[Bearish]: A lower low has been achieved for last trading day for SMTG

Summit Germany: Coles Reaction Day has been confirmed A lower low has been achieved for last trading day for SMTG

Momentum /
Negative momentum for Summit Germany is a leading indicator for continued price falls

[BEARISH]: Summit Germany currently has negative momentum of -0.01 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0%.The largest downward momentum rally for the last 3 months is 6 days producing a return of -0.9%.

Relative Strength Index /
Relative Strength oversold signal had been maintained for Summit Germany

[BULLISH]: Summit Germany is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. RSI is currently oversold @21.6

MACD /
Summit Germany: MACD oscillator (-0.0019)

SMTG: MACD Current Signal -> (1) 24 May: BEARISH (2) 23 May: BEARISH CROSSOVER (3) 24 May: BULLISH

Summit Germany opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 47.4%. This suggests the buyers have lost commitment.
Open Tod Vs Close Tod /
Summit Germany opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 47.4%. This suggests the buyers have lost commitment.

[BULLISH WEAK]: Summit Germany opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 47.4%. This suggests the buyers have lost commitment. Over the last 12 months there has been 18 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 6.8%. Over the last month there has been 3 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 25%.

Recent trading for Summit Germany has surpassed the previous price range ($0.0285)
Price Range /
Recent trading for Summit Germany has surpassed the previous price range ($0.0285)

[BULLISH]: Summit Germany current uptrend in the first timeframe. Currently, the Range is $0.0285.

Detrended Price Oscillator /
Price is currently below the displaced moving average for SMTG [Bearish]

[BEARISH]: Summit Germany currently has a confirmed downtrend. Price is currently below the displaced moving average for SMTG. Currently, the return on DPO20 is 0.0%.

Percentage Price /
PPO has positive momentum signalling a continuation of upward price rise for SMTG

[BULLISH]: Summit Germany currently has positive PPO 0.058%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Rate of Change /
Negative ROC confirmation for Summit Germany is a leading indicator for continued price fall

[BEARISH CROSSOVER]: Summit Germany currently has negative rate of change of -0.858%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

[Bullish]: Summit Germany currently has positive Volume MACD histogram 15496
MACD Volume /
[Bullish]: Summit Germany currently has positive Volume MACD histogram 15496

SMTG: Volume MACD Current Signal -> (1) 24 May: BULLISH (2) 23 May: BULLISH (3) 24 May: BULLISH

[Uptrend]: Average True Range @0.02 has confirmed an uptrend for SMTG
Average True Range /
[Uptrend]: Average True Range @0.02 has confirmed an uptrend for SMTG

[Bullish]: Average True Range has confirmed an uptrend is present. Summit Germany has a TR of 0.029, and an ATR(14) of 0.02.

Summit Germany continues negative divergence & potential shift in direction
Chaikin Money Flow /
Summit Germany continues negative divergence & potential shift in direction

[BEARISH]: Summit Germany current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.88. SMTG The bearish signal has been active for 1 day. During the quarter, the lowest CMF value was -0.88

Money Flow Index /
Selling pressure for Summit Germany has become oversold during trading session

[BEARISH CROSSOVER]: Summit Germany current price has driven MFI to become overbought signalling the start of bearish trading conditions. Currently, the MFI is 14.15. During the quarter, the highest MFI value was 97.94.

On Balance Volume /
Market conditions are indicating OBV distribution is current for SMTG

[BEARISH]: Summit Germany current price has highlighted recent distribution. Currently, the OBV is -663145.

Triangular Moving Average /
SMTG: Price continues to move below the TMA(5) @$1.161

[BEARISH]: Summit Germany currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.0%.

Volume Rate of Change /
14-day volume rate of change is decreasing for Summit Germany

[BEARISH]: Summit Germany currently has negative rate of change of -86%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0%.

[Bearish]: Continued selling pressure for Summit Germany has been confirmed
Elders Force Index /
[Bearish]: Continued selling pressure for Summit Germany has been confirmed

[BEARISH]: Summit Germany current price has highlighted recent selling pressure. Currently, the Elders Force Index is -598.

Market conditions are indicating DVI distribution is current for SMTG
Daily Volume Index /
Market conditions are indicating DVI distribution is current for SMTG

SMTG: DVI Current Signal -> (1) 24 May: BEARISH (2) 23 May: BEARISH CROSSOVER (3) 24 May: BULLISH

Ease of Movement /
Summit Germany was difficult to move upward due to high volume in recent trading [Bullish]

SMTG: EOM Recent Trading -> (1) 24 May: 0.215 (2) 23 May: 0.825 (3) 24 May: 45.529

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