SOUTHSTATE BANK CORP (SSB) Stock Technical Analysis
NYSE:SSB - US8404411097 - Common Stock
101.4 USD
+0.37 (+0.37%)
101.4 USD
0 (0%)
Overall SSB gets a technical rating of 8 out of 10. Although SSB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
SSB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that SSB is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this relatively good performance is mostly due to a recent big move.
SSB is an average performer in the Banks industry, it outperforms 57% of 391 stocks in the same industry.
SSB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SSB is lagging the market.
Besides having an excellent technical rating, SSB also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 99.83, a Stop Loss order could be placed below this zone.
More info and screens
85.91
102.41
3 important support areas can be observed.
- A support zone ranging from 96.15 to 99.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 90.62 to 92.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @86.78 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for SSB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SSB is up. |
| ChartMill Relative Strength | 70.47 | POSITIVE | SSB has a high relative strength, it outperformed 70.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SSB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SSB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SSB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.92 | NEUTRAL | The RSI value for SSB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SSB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.14 | NEUTRAL | The Stochastics value for SSB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for SSB suggests some volalility. |
| Average Directional Index/ADX (14) | 27.67 | POSITIVE | The high ADX value value for SSB suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 102.10 | 99.61 | 2.49 (2.44%) | 25.00% |
| An entry @102.10. This is a Buy Stop order right above the 10 day moving average. | An exit @99.61. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.49 points, which is 2.44%. | For a 0.61% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SSB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
101.4
+0.37 (+0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.37%
1 Week0%
2 Weeks1.36%
1 Month6.17%
3 Month18.99%
6 Month10.7%
12 Month6.84%
2 Year50.53%
3 Year28.16%
5 Year110.59%
10 Year31.91%
15 YearN/A
Volatility
ATR(14)2.24
ATR(20)%2.05%
ATR Inc-2.72%
Range Today1.52
ADR(20)2.05
ADR(20)%2.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.47
Mansfield-0.46
10 Day High105
10 Day Low99.62
20 Day High105
20 Day Low95.01
52 Week High114.27
52 Week Low77.74
CS1 End99.83
CR1 StartN/A
Volume & EV
DER(3)2.24%
DER(5)2.35%
Volume513.30K
Volume Incr19.75%
Vol(5)842.40K
Vol(50)853.73K