SSAB AB-A SHARES (SSABA.ST) Stock Technical Analysis
STO:SSABA - SE0000171100 - Common Stock
54.64 SEK
-0.48 (-0.87%)
Taking everything into account, SSABA scores 1 out of 10 in our technical rating. SSABA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month SSABA has a been trading in the 54.52 - 57.96 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the performance of all stocks over the past year, SSABA turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
SSABA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SSABA is lagging the market.
SSABA has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
54.08
65.23
When analyzing the support we notice one important area.
- A support zone ranging from 54.63 to 54.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- Resistance @55.14 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 56.26 to 57.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 61.92 to 62.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @63.28 from a horizontal line in the daily time frame.
- Resistance @64.58 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for SSABA.ST is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SSABA.ST is down. |
| ChartMill Relative Strength | 47.27 | NEUTRAL | SSABA.ST is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SSABA.ST is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SSABA.ST is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SSABA.ST is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.42 | NEUTRAL | The RSI value for SSABA.ST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests SSABA.ST has a negative trend. |
| Stochastics (14,3) | 4.69 | OVERSOLD | The low Stochastics value suggests SSABA.ST may be oversold. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for SSABA.ST suggests some volalility. |
| Average Directional Index/ADX (14) | 13.01 | NEGATIVE | The low ADX value for SSABA.ST suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
STO:SSABA (9/1/2025, 5:24:37 PM)
54.64
-0.48 (-0.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.87%
1 Week-4.34%
2 Weeks-2.84%
1 Month-1.44%
3 Month-9.91%
6 Month-19.12%
12 Month19.51%
2 Year-11.73%
3 Year11.01%
5 Year83.11%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.1
ATR(20)%2.12%
ATR Inc4.5%
Range Today1.06
ADR(20)1.12
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.27
Mansfield-1.02
10 Day High57.8
10 Day Low54.52
20 Day High57.96
20 Day Low54.52
52 Week High73.08
52 Week Low43.22
CS1 End54.63
CR1 Start55.14
Volume & EV
DER(3)-4.33%
DER(5)-6.83%
Volume124.76K
Volume Incr22.15%
Vol(5)328.22K
Vol(50)383.07K