SOUTHSTATE BANK CORP (SSB) Technical Analysis
NYSE:SSB • US84472E1029
Current stock price
SSB Technical Rating and Analysis
Taking everything into account, SSB scores 6 out of 10 in our technical rating. 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.
- SSB is part of the Banks industry. There are 376 other stocks in this industry, of which 74% are performing better than SSB.
- The long and short term trends are both positive. This is looking good!
- In the last month SSB has a been trading in the 89.44 - 101.00 range, which is quite wide. It is currently trading near the high of this range.
- 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 49% of all stocks.
- 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.
SSB Weekly and Daily overview Charts
SSB Setup Rating and Analysis
Although the technical rating is only medium, SSB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
SSB Support and Resistance Analysis
86.67
3 important support areas can be observed.
- A support zone ranging from 95.36 to 98.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @90.67 from a trend line in the weekly time frame.
- A support zone ranging from 87.55 to 87.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @98.72 from a trend line in the daily time frame.
- A resistance zone ranging from 106.61 to 107.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @110.93 from a horizontal line in the weekly time frame.
SSB Technical Indicator Signal Analysis
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 | 49.31 | 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) | DOWN | MIXED | The current price of SSB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SSB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.42 | NEUTRAL | The RSI value for SSB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.65 | POSITIVE | The MACD value suggests SSB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.53 | OVERBOUGHT | The high Stochastics value suggests SSB may be overbought. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for SSB suggests some volalility. |
| Average Directional Index/ADX (14) | 22.44 | NEUTRAL | The ADX value for SSB suggests a possible start of a new trend. |
SSB Chart- and CandleStick Pattern Analysis
SSB Example Setup
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 |
|---|---|---|---|
| 101.01 | 96.86 | 4.15 (4.11%) | 24.34% |
| An entry @101.01. This is a Buy Stop order right above the 10 day high. | An exit @96.86. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.15 points, which is 4.11%. | For a 1.00% total portfolio risk, you can invest 24.34% of your capital in this trade. |
- 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.
SSB Technicals: Chart, Performance Metrics, Trend & Indicators
98.63
-1.51 (-1.51%)
SOUTHSTATE BANK CORP / SSB TA FAQ
What is the ChartMill technical rating of SOUTHSTATE BANK CORP (SSB) stock?
ChartMill assigns a technical rating of 6 / 10 to SSB.
What is the current trend direction of SOUTHSTATE BANK CORP (SSB) stock?
The current trend direction for SOUTHSTATE BANK CORP (SSB) is Bullish.
Can you provide the RSI signal for SOUTHSTATE BANK CORP?
SOUTHSTATE BANK CORP (SSB) has an RSI value of 58.4245. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SOUTHSTATE BANK CORP?
The short term momentum for SOUTHSTATE BANK CORP (SSB) is positive.
Can you provide the support and resistance levels for SOUTHSTATE BANK CORP?
SOUTHSTATE BANK CORP (SSB) has a support level at 97.97 and a resistance level at 106.61. Check the full technical report for our detailed analysis of SSB support and resistance levels.