Is Summit Midstream Partners LP technically bullish or bearish?
As of April 23, 2025, Summit Midstream Partners LP is in a bearish trend, supported by multiple indicators including a bearish MACD, Bollinger Bands, and moving averages, despite a mildly bullish signal from Dow Theory.
As of 23 April 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for Summit Midstream Partners LP is bearish, with a strong indication from multiple indicators. The weekly MACD is bearish, and both the weekly and monthly Bollinger Bands confirm a bearish trend. Daily moving averages also reflect a bearish sentiment. The KST is bearish on the weekly timeframe and mildly bearish on the monthly. Although the Dow Theory shows a mildly bullish stance on the weekly, the overall bearish indicators suggest a prevailing negative sentiment in the market. The stock has underperformed significantly compared to the S&P 500 across various time frames, further supporting the bearish outlook.
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