Summit Midstream's 15min chart triggers MACD Death Cross, KDJ Death Cross.

According to the 15-minute chart for Summit Midstream, the MACD (Moving Average Convergence Divergence) indicator has triggered a "Death Cross" signal, while the KDJ (KST Divergence Index) indicator has also exhibited a "Death Cross" pattern on August 18, 2023 at 15:30. This suggests that the stock price has the potential to continue declining, with a momentum shift towards the downside and a possible further decrease in value.

Summit Midstream Corporation (SMC) has recently experienced a series of technical and financial developments that have raised concerns among investors. According to the 15-minute chart for Summit Midstream, the MACD (Moving Average Convergence Divergence) indicator has triggered a "Death Cross" signal, indicating a potential shift in market momentum. Additionally, the KDJ (KST Divergence Index) indicator exhibited a "Death Cross" pattern on August 18, 2023, at 15:30, further suggesting a downward trend in the stock price [1].

These technical indicators are not the only concerns for Summit Midstream. The company reported its second-quarter 2025 results, which showed mixed performance. Revenue grew by 38% year-over-year to $140.2 million, driven by stronger gathering services and commodity sales. However, the company reported a net loss of $4.2 million, which was significantly narrower than the $23.8 million loss a year earlier [2]. Despite this, the adjusted EBITDA increased to $61.1 million from $43.1 million last year, reflecting improved system throughput and contributions from acquisitions.

The company's adjusted EBITDA was "slightly below expectations," according to CEO Heath Deneke. He attributed this to the timing of well completions and weaker-than-anticipated realized commodity prices in the DJ Basin. Management expects volumes to recover in the second half of 2025 and into 2026 [2].

Summit Midstream has also been actively pursuing strategic initiatives to bolster its financial position. In December 2024, the company completed the $425-million Tall Oak transaction, which extended its Class B share structure and positioned SMC for long-term growth. Additionally, the company was added to the Russell 3000, 2000, and Microcap indexes in June 2025, which management believes will broaden institutional ownership and improve liquidity in the stock [2].

However, the company's stock has underperformed the broader market, losing 14.6% since reporting its second-quarter results. Over the past month, the stock has fallen 18.4% against a 2.5% rally for the broader market, highlighting investor concerns about the company’s near-term performance despite ongoing strategic initiatives [2].

In summary, Summit Midstream faces both technical and financial challenges. The bearish signals from the MACD and KDJ indicators suggest a potential downward trend in the stock price. Additionally, the company's second-quarter results showed mixed performance, with revenue growth but a net loss. Despite these challenges, the company is pursuing strategic initiatives to position itself for future growth. Investors should closely monitor the company's performance and technical indicators to make informed investment decisions.

References:
[1] https://www.ainvest.com/news/summit-midstream-15min-chart-signals-macd-death-cross-bearish-marubozu-2508/
[2] https://finance.yahoo.com/news/summit-midstream-q2-loss-narrows-155500081.html