SOUTHSTATE BANK CORP (SSB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SSB - US84472E1029 - Common Stock
We assign a technical rating of 7 out of 10 to SSB. In the last year, SSB was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- SSB is part of the Banks industry. There are 383 other stocks in this industry, of which 74% are performing better than SSB.
- Both the short term and long term trends are positive. This is a very positive sign.
- SSB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SSB is lagging the market slightly.
- In the last month SSB has a been trading in the 92.60 - 102.61 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 53% of all stocks.
SSB has an excellent technical rating, but the quality of the setup is only medium 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
85.91
When analyzing the support we can see 4 important areas.
- A support zone ranging from 95.70 to 98.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 93.63 to 94.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @90.34 from a trend line in the weekly time frame.
- A support zone ranging from 86.78 to 87.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @100.61 from a trend line in the weekly 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 | 53.53 | 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) | UP | POSITIVE | The current price of SSB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.23 | NEUTRAL | The RSI value for SSB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests SSB has a positive trend. |
| Stochastics (14,3) | 76.82 | NEUTRAL | The Stochastics value for SSB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for SSB suggests low volalility. |
| Average Directional Index/ADX (14) | 23.62 | NEUTRAL | The ADX value for SSB suggests a possible start of a new trend. |
100.56
-0.01 (-0.01%)
SOUTHSTATE BANK CORP / SSB FAQ
What is the ChartMill technical rating of SOUTHSTATE BANK CORP (SSB) stock?
ChartMill assigns a technical rating of 7 / 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.
What is the RSI signal for SOUTHSTATE BANK CORP (SSB) stock?
SOUTHSTATE BANK CORP (SSB) has an RSI value of 65.2275. This indicates that the stock is currently neutral.
What is the MACD signal for SSB stock?
The MACD indicator for SOUTHSTATE BANK CORP (SSB) has a value of 0.195896, indicating a bearish trend.
What is the buy/sell signal for SOUTHSTATE BANK CORP (SSB) stock?
The buy/sell signal for SOUTHSTATE BANK CORP (SSB) is buy as both the short term and long term trends are positive.