SOUTHSTATE BANK CORP (SSB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SSB - US84472E1029 - Common Stock
Overall SSB gets a technical rating of 6 out of 10. In the last year, SSB was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
SSB has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
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80.64
We found 3 important support areas.
- Support @89.66 from a trend line in the weekly time frame.
- A support zone ranging from 85.13 to 86.20. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @81.45 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 96.43 to 97.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @99.56 from a trend line in the weekly time frame.
- A resistance zone ranging from 103.01 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 | 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 | 33.1 | 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) | 54.94 | NEUTRAL | The RSI value for SSB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests SSB has a negative trend. |
| Stochastics (14,3) | 50.04 | NEUTRAL | The Stochastics value for SSB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for SSB suggests low volalility. |
| Average Directional Index/ADX (14) | 24.6 | NEUTRAL | The ADX value for SSB suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 97.05 | 94.64 | 2.41 (2.48%) | 25.00% |
| An entry @97.05. This is a Buy Stop order right above the resistance zone. | An exit @94.64. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.41 points, which is 2.48%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.62%. |
- 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.
95.06
-0.22 (-0.23%)
SOUTHSTATE BANK CORP / SSB 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 trend direction for 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 54.9368. 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 buy as both the short term and long term trends are positive.
What is the support and resistance level for SSB stock?
SOUTHSTATE BANK CORP (SSB) has a support level at 89.66 and a resistance level at 96.43. Check the full technical report for our detailed analysis of SSB support and resistance levels.