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Summit Midstream's 15min chart shows KDJ Golden Cross, Bullish Marubozu.
ByAinvest
Monday, Aug 18, 2025 3:04 pm ET1min read
At 08:00 on August 18, Summit Midstream's 15-minute chart exhibited a KDJ Golden Cross and a Bullish Marubozu formation. This indicates a shift in momentum towards the upside, suggesting that the stock price has the potential to rise further. The presence of buyers controlling the market is a strong indication of a bullish trend, and it is likely that this momentum will continue.
Title: Summit Midstream: Technical Indicators Signal Upside MomentumOn August 18, 2025, at 08:00, Summit Midstream's 15-minute chart displayed a significant technical signal: the KDJ Golden Cross, accompanied by a Bullish Marubozu formation. These indicators suggest a shift in momentum towards the upside, potentially signaling further growth in the stock price.
The KDJ Golden Cross, where the K line (fast stochastic) crosses above the D line (slow stochastic), is a bullish signal indicating that buyers are currently in control of the market [1]. This crossover, along with the oversold levels reached by the Relative Strength Index (RSI), points to a potential upward trajectory in Summit Midstream's stock price.
The company's financial performance during the second quarter of 2025 also provides context for these technical signals. Summit Midstream reported revenues of $140.2 million, up 38% from the previous year, driven by stronger gathering services and commodity sales [2]. However, the company reported a net loss of $4.2 million, which was significantly narrower than the $23.8 million loss a year earlier. Despite these mixed financial results, the company's adjusted EBITDA increased to $61.1 million, reflecting improved system throughput and contributions from acquisitions.
Investors should closely monitor Summit Midstream for any further developments. The combination of the KDJ Golden Cross and the bullish Marubozu suggests a potential upward trend in the stock price. However, it is essential to consider other factors and indicators before making any investment decisions. The stock market is influenced by various factors, including economic conditions, company performance, and geopolitical events.
References:
[1] https://www.ainvest.com/news/summit-midstream-15min-chart-exhibits-bullish-momentum-kdj-golden-cross-marubozu-signal-2508-49/
[2] https://finance.yahoo.com/news/summit-midstream-q2-loss-narrows-155500081.html
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