SSAB AB - B SHARES (SSABB.ST) Stock Technical Analysis
STO:SSABB - Nasdaq Stockholm AB - SE0000120669 - Common Stock - Currency: SEK
Overall SSABB gets a technical rating of 5 out of 10. In the last year, SSABB was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month SSABB has a been trading in the 54.08 - 61.36 range, which is quite wide. It is currently trading near the high of this range.
SSABB has an average volume of 1300710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, SSABB outperforms 44% of them, which is more or less in line with the market.
SSABB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SSABB is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SSABB has an average technical rating and it also does not offer a high quality setup 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
53.92
70.13
When analyzing the support we can see 3 important areas.
- A support zone ranging from 57.83 to 58.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 55.86 to 56.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.46 to 54.57. This zone is formed by a combination of multiple trend lines in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @60.91 from a horizontal line in the daily time frame.
- Resistance @62.94 from a horizontal line in the daily time frame.
- Resistance @65.11 from a trend line in the weekly time frame.
- Resistance @69.44 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for SSABB.ST is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SSABB.ST is up. |
| ChartMill Relative Strength | 44.37 | NEUTRAL | SSABB.ST is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SSABB.ST is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SSABB.ST is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SSABB.ST is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.88 | NEUTRAL | The RSI value for SSABB.ST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.67 | POSITIVE | The MACD value suggests SSABB.ST has a positive trend. |
| Stochastics (14,3) | 93.57 | OVERBOUGHT | The high Stochastics value suggests SSABB.ST may be overbought. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for SSABB.ST suggests some volalility. |
| Average Directional Index/ADX (14) | 21.72 | NEUTRAL | The ADX value for SSABB.ST suggests a possible start of a new 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:SSABB (7/11/2025, 5:29:45 PM)
60.84
-0.06 (-0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.1%
1 Week8.37%
2 Weeks8.99%
1 Month5.26%
3 Month9.98%
6 Month43.66%
12 Month1.67%
2 Year-5.69%
3 Year31.29%
5 Year144.73%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.61
ATR(20)%2.6%
ATR Inc-16.95%
Range Today0.54
ADR(20)1.48
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.37
Mansfield0.45
10 Day High61.36
10 Day Low54.89
20 Day High61.36
20 Day Low54.08
52 Week High72.2
52 Week Low42.1
CS1 End58.31
CR1 Start60.91
Volume & EV
DER(3)8.88%
DER(5)8.04%
Volume870.98K
Volume Incr-8.91%
Vol(5)1.17M
Vol(50)1.30M