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Summit Midstream's 15min chart shows KDJ Death Cross, Bearish Marubozu signal.
ByAinvest
Monday, Aug 18, 2025 1:48 pm ET1min read
According to the 15-minute chart for Summit Midstream, a KDJ Death Cross and Bearish Marubozu were observed on August 18, 2022, at 13:45. This indicates a shift in momentum towards the downside, suggesting a potential decrease in stock price. Sellers have taken control of the market, and it is likely that this bearish momentum will continue.
Summit Midstream Corporation (SMC) has experienced a notable shift in its stock price momentum, as indicated by technical indicators observed on its 15-minute chart. On August 18, 2022, at 13:45, the KDJ Death Cross and Bearish Marubozu indicators were triggered, suggesting a potential downward trajectory for the stock price. These signals imply that sellers have taken control of the market, and it is likely that the bearish momentum will persist.The KDJ Death Cross, a bearish technical indicator, occurs when the K line crosses below the D line on the KDJ oscillator, signaling a potential reversal in the stock's price trend. The Bearish Marubozu pattern, characterized by a large candle with no wicks, further supports this bearish outlook, indicating a strong trend in a single direction, in this case, downwards.
In addition to the technical indicators, the financial performance of SMC during the second quarter of 2025 provides context. The company reported a net loss of $4.2 million, with adjusted EBITDA of $61.1 million and cash flow available for distributions of $32.4 million. Despite these figures, the company has shown resilience by connecting 47 wells during the quarter and maintaining an active customer base [2].
However, the technical indicators suggest that the company's stock price may continue to face downward pressure. Investors should closely monitor the market for any signs of recovery or changes in the technical indicators. As always, it is essential to conduct thorough due diligence and consider multiple factors when making investment decisions.
References:
[1] https://www.ainvest.com/news/summit-midstream-15min-chart-signals-macd-death-cross-bearish-marubozu-2508/
[2] https://www.marketscreener.com/news/summit-midstream-corporation-reports-second-quarter-2025-financial-and-operating-results-ce7c5ed3d080f723
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