SMMT NEWS why is Summit Therapeutics Plc price falling or rising

SMMT NEWS reasons for why stock price of Summit Therapeutics Plc is falling or rising

SMMT Summit Therapeutics is falling or rising technical reasons

Technical analysis forecast of Summit Therapeutics Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Summit Therapeutics SMMT at this time. Stock is rising and might rise more.

It appears as if Summit Therapeutics SMMT gave a large move recently.

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

My analysis of Summit Therapeutics is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Summit Therapeutics stays above 18.9, but if it comes below 18.9, then a intra day sell could be more profitable.
If you take a sell trade below 18.9, then use 18.9 as stoploss and 18.28 as target. However if you take a buy trade in Summit Therapeutics, then use 18.9 as stoploss and 19.6 as target.

SMMT Summit Therapeutics is falling or rising NEWS fundamental reasons

More announcements and NEWS

SMMT Summit Therapeutics Plc current price & indicator signals

Moving Averages for Summit Therapeutics Plc

  • 5Day Average: 18.05
  • 12Day Average: 18.15
  • 20Day Average: 18.25
  • 50Day Average: 18.82
  • 100Day Average: 19.29
  • 150Day Average: 15.98
  • 200Day Average: 13.22

SMMT Indicators & signals

Indicator MACD (12,26,9)

18.21, 18.37, -0.26
Indicator MACD is in negative zone

Indicator ADX (14)

0, 18.11, 18.11
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 52
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SMMT Summit Therapeutics Plc are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Fri Jan 2025 19.03 18.33 to 19.39 4.62% 1.03 times
16 Thu Jan 2025 18.19 17.68 to 18.50 -0.05% 0.85 times
15 Wed Jan 2025 18.20 17.12 to 18.24 9.31% 1.02 times
14 Tue Jan 2025 16.65 16.46 to 18.57 -8.42% 1.3 times
13 Mon Jan 2025 18.18 17.03 to 18.32 0% 0.71 times
13 Mon Jan 2025 18.18 17.03 to 18.32 1.85% 0.71 times
10 Fri Jan 2025 17.85 16.72 to 18.91 -5.15% 1.33 times
08 Wed Jan 2025 18.82 18.10 to 19.39 0% 1.27 times
08 Wed Jan 2025 18.82 18.10 to 19.39 3.63% 1.27 times
07 Tue Jan 2025 18.16 17.37 to 18.21 3.95% 0.71 times
06 Mon Jan 2025 17.47 17.41 to 18.55 -4.22% 0.83 times
03 Fri Jan 2025 18.24 18.06 to 18.61 -0.6% 0.74 times

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SMMT NEWS why is Summit Therapeutics Plc price falling or rising

 

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