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 7 out of 10. 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.
The long and short term trends are both positive. This is looking good!
SSB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
SSB has an average volume of 1116370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 an average performer in the Banks industry, it outperforms 48% of 396 stocks in the same industry.
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.
Besides having an excellent technical rating, SSB also presents 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 97.97. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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
80.11
101.81
4 important support areas can be observed.
- A support zone ranging from 95.99 to 96.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 86.78 to 87.12. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 84.75 to 85.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @80.92 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 97.97 to 98.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 | 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 | 63.52 | 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) | 61.85 | NEUTRAL | The RSI value for SSB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests SSB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.01 | NEUTRAL | The Stochastics value for SSB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for SSB suggests some volalility. |
| Average Directional Index/ADX (14) | 23.84 | 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)
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 |
|---|---|---|---|
| 98.94 | 95.98 | 2.96 (2.99%) | 25.00% |
| An entry @98.94. This is a Buy Stop order right above the resistance zone. | An exit @95.98. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.96 points, which is 2.99%. | For a 0.75% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SSB. Please evaluate whether better entry and exit points can be found.
- 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.
97.81
+0.22 (+0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.23%
1 Week0.69%
2 Weeks0.97%
1 Month13.68%
3 Month15.31%
6 Month-1.92%
12 Month8.7%
2 Year25.93%
3 Year15.38%
5 Year105.22%
10 Year25.85%
15 YearN/A
Volatility
ATR(14)2.2
ATR(20)%2.28%
ATR Inc-9.14%
Range Today1.93
ADR(20)2.17
ADR(20)%2.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.52
Mansfield-0.59
10 Day High99
10 Day Low93.88
20 Day High99
20 Day Low85.49
52 Week High114.27
52 Week Low77.74
CS1 End96.93
CR1 Start97.97
Volume & EV
DER(3)-2%
DER(5)-2.78%
Volume538.80K
Volume Incr-50.93%
Vol(5)820.10K
Vol(50)1.12M