SOUTHSTATE CORP (SSB) Stock Technical Analysis
NYSE:SSB - New York Stock Exchange, Inc. - US8404411097 - Common Stock - Currency: USD
Overall SSB gets a technical rating of 2 out of 10. SSB 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.
SSB is one of the lesser performing stocks in the Banks industry. 62% of 396 stocks in the same industry do better.
In the last month SSB has a been trading in the 84.91 - 91.97 range, which is quite wide. It is currently trading near the lows of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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 63% of all stocks.
SSB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SSB is lagging the market slightly.
The technical rating of SSB is bad and it also does not present a 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
79.28
112.53
2 important support areas can be observed.
- Support @83.57 from a trend line in the weekly time frame.
- A support zone ranging from 80.08 to 81.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 87.48 to 91.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @99.99 from a trend line in the daily time frame.
- Resistance @111.42 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 | 63.38 | NEUTRAL | SSB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SSB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SSB is below a declining 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) | 39.37 | NEUTRAL | The RSI value for SSB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests SSB has a negative trend. |
| Stochastics (14,3) | 31.49 | NEUTRAL | The Stochastics value for SSB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for SSB suggests some volalility. |
| Average Directional Index/ADX (14) | 13.63 | NEGATIVE | The low ADX value for SSB 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)
85.22
-2.72 (-3.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-3.09%
1 Week-5.02%
2 Weeks-2.94%
1 Month-6.34%
3 Month-6.97%
6 Month-21.61%
12 Month19.52%
2 Year29.51%
3 Year10.46%
5 Year78.81%
10 Year12.15%
15 YearN/A
Volatility
ATR(14)2.05
ATR(20)%2.37%
ATR Inc29.41%
Range Today2.02
ADR(20)1.83
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.38
Mansfield-1.35
10 Day High91.97
10 Day Low84.91
20 Day High91.97
20 Day Low84.91
52 Week High114.27
52 Week Low70.68
CS1 End83.57
CR1 Start87.48
Volume & EV
DER(3)1.75%
DER(5)0.32%
Volume855.70K
Volume Incr-8.42%
Vol(5)686.68K
Vol(50)787.78K