SMMF NEWS why is Summit Financial Group, Inc. price falling or rising

SMMF NEWS reasons for why stock price of Summit Financial Group, Inc. is falling or rising

SMMF Summit Financial is falling or rising technical reasons

Technical analysis forecast for Summit Financial Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Summit Financial SMMF at this time. Stock is falling and might fall more.

It appears as if Summit Financial SMMF gave a large move recently.

Stock of Summit Financial (SMMF) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Summit Financial is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 25.5 as stoploss in an intra day buy trade for a target of 26.41. However, stock will show a bearish move below 25.5.

SMMF Summit Financial is falling or rising NEWS fundamental reasons

More announcements and NEWS

SMMF Summit Financial Group, Inc. current price & indicator signals

Moving Averages for Summit Financial Group, Inc.

  • 5Day Average: 26.6
  • 12Day Average: 26.67
  • 20Day Average: 26.22
  • 50Day Average: 26.24
  • 100Day Average: 27.45
  • 150Day Average: 25.96
  • 200Day Average: 25.4

SMMF Indicators & signals

Indicator MACD (12,26,9)

26.51, 26.38, 0.15
Indicator MACD is in positive zone

Indicator ADX (14)

10, 26.47, 32.35
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SMMF Summit Financial Group, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
02 Thu May 2024 25.70 25.36 to 26.42 -2.5% 12.25 times
01 Wed May 2024 26.36 26.05 to 26.57 -0.42% 1.52 times
30 Tue Apr 2024 26.47 26.41 to 27.08 -1.96% 0.98 times
29 Mon Apr 2024 27.00 27.00 to 27.35 -1.64% 0.37 times
26 Fri Apr 2024 27.45 27.43 to 28.02 0.15% 0.71 times
25 Thu Apr 2024 27.41 27.28 to 27.72 -1.12% 0.78 times
24 Wed Apr 2024 27.72 26.83 to 27.72 1.54% 1 times
23 Tue Apr 2024 27.30 27.25 to 27.67 -0.18% 0.52 times
22 Mon Apr 2024 27.35 27.02 to 28.32 0.55% 1.16 times
19 Fri Apr 2024 27.20 25.50 to 27.37 8.45% 1.89 times
18 Thu Apr 2024 25.08 24.87 to 25.16 0.2% 1.07 times
17 Wed Apr 2024 25.03 24.97 to 25.29 -0.64% 0.9 times

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SMMF NEWS why is Summit Financial Group, Inc. price falling or rising

 

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