SOUTHSTATE CORP (SSB) Stock Technical Analysis
NYSE:SSB - New York Stock Exchange, Inc. - US8404411097 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to SSB. SSB has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
SSB has an average volume of 1210550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, SSB turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
SSB is part of the Banks industry. There are 393 other stocks in this industry, SSB did better than 43% of them.
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.
In the last month SSB has a been trading in the 90.41 - 101.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SSB has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 96.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 93.52, a Stop Loss order could be placed below this zone.
More info and screens
80.64
101.81
4 important support areas can be observed.
- A support zone ranging from 92.35 to 93.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 88.72 to 88.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 85.13 to 86.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @81.45 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 96.48 to 98.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @100.80 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 | NEUTRAL | NEUTRAL | The long term trend for SSB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SSB is neutral. |
| ChartMill Relative Strength | 53.15 | NEUTRAL | SSB is not amongst the best or worst performers 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 | NEGATIVE | The current price of SSB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.77 | NEUTRAL | The RSI value for SSB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests SSB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.6 | NEUTRAL | The Stochastics value for SSB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for SSB suggests some volalility. |
| Average Directional Index/ADX (14) | 22.35 | NEUTRAL | The ADX value for SSB 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)
95.51
+3.47 (+3.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg3.77%
1 Week1.48%
2 Weeks-1.64%
1 Month1.13%
3 Month4.62%
6 Month-6.57%
12 Month4.29%
2 Year32.1%
3 Year22.39%
5 Year71.53%
10 Year27.09%
15 YearN/A
Volatility
ATR(14)2.58
ATR(20)%2.55%
ATR Inc-14.06%
Range Today2.83
ADR(20)2.36
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.15
Mansfield-0.94
10 Day High97.85
10 Day Low90.41
20 Day High101.55
20 Day Low90.41
52 Week High114.27
52 Week Low77.74
CS1 End93.52
CR1 Start96.48
Volume & EV
DER(3)-0.23%
DER(5)-0.76%
Volume737.80K
Volume Incr-20.3%
Vol(5)807.86K
Vol(50)1.21M