SOUTHSTATE BANK CORP (SSB) Stock Technical Analysis
USA - NYSE:SSB - US8404411097 - Common Stock
Taking everything into account, SSB scores 0 out of 10 in our technical rating. SSB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, SSB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 89.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 88.77, a Stop Loss order could be placed below this zone.
More info and screens
85.91
When analyzing the support we notice one important area.
- A support zone ranging from 86.78 to 88.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 89.24 to 89.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 100.80 to 103.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for SSB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SSB is down. |
| ChartMill Relative Strength | 21.06 | NEGATIVE | SSB has a low relative strength, it was outperformed by 78.94% off all stocks 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) | 40.78 | NEUTRAL | The RSI value for SSB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests SSB has a positive trend. |
| Stochastics (14,3) | 55.75 | NEUTRAL | The Stochastics value for SSB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for SSB suggests some volalility. |
| Average Directional Index/ADX (14) | 29.83 | POSITIVE | The high ADX value value for SSB suggests a strong trend. |
89.23
-0.42 (-0.47%)
SOUTHSTATE BANK CORP / SSB FAQ
What is the ChartMill technical rating of SOUTHSTATE BANK CORP (SSB) stock?
ChartMill assigns a technical rating of 0 / 10 to SSB.
What is the trend direction for SSB stock?
The current trend direction for SOUTHSTATE BANK CORP (SSB) is Bearish.
What is the RSI signal for SOUTHSTATE BANK CORP (SSB) stock?
SOUTHSTATE BANK CORP (SSB) has an RSI value of 40.7812. This indicates that the stock is currently neutral.
What is the buy/sell signal for SOUTHSTATE BANK CORP (SSB) stock?
The buy/sell signal for SOUTHSTATE BANK CORP (SSB) is sell as both the short term and long term trends are negative.
What is the support and resistance level for SSB stock?
SOUTHSTATE BANK CORP (SSB) has a support level at 88.77 and a resistance level at 89.24. Check the full technical report for our detailed analysis of SSB support and resistance levels.