SOUTHERN STATES BANCSHARES (SSBK) Stock Technical Analysis
NASDAQ:SSBK - Nasdaq - US8438783073 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to SSBK. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SSBK is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SSBK did better than 83% of all other stocks. We also observe that the gains produced by SSBK over the past year are nicely spread over this period.
SSBK is one of the better performing stocks in the Banks industry, it outperforms 89% of 396 stocks in the same industry.
SSBK 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 SSBK is lagging the market slightly.
In the last month SSBK has a been trading in the 33.34 - 36.80 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although SSBK has an excellent technical rating, it does not offer a high quality setup 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
30.57
38.39
We found 5 important support areas.
- Support @36.32 from a horizontal line in the daily time frame.
- A support zone ranging from 34.65 to 35.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.30 to 33.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 31.43 to 32.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.88 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 37.23 to 38.01. 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 SSBK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SSBK is up. |
| ChartMill Relative Strength | 83.57 | POSITIVE | SSBK has a high relative strength, it outperformed 83.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SSBK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SSBK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SSBK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.75 | NEUTRAL | The RSI value for SSBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests SSBK has a positive trend. |
| Stochastics (14,3) | 92.2 | OVERBOUGHT | The high Stochastics value suggests SSBK may be overbought. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for SSBK suggests some volalility. |
| Average Directional Index/ADX (14) | 20.45 | NEUTRAL | The ADX value for SSBK 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)
36.37
-0.03 (-0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.08%
1 Week1.99%
2 Weeks5.3%
1 Month5.45%
3 Month14.34%
6 Month12.25%
12 Month39.88%
2 Year72.37%
3 Year61.72%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.74
ATR(20)%2.01%
ATR Inc-39.26%
Range Today0.55
ADR(20)0.69
ADR(20)%1.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.57
Mansfield0.38
10 Day High36.8
10 Day Low33.9
20 Day High36.8
20 Day Low33.34
52 Week High39.16
52 Week Low26.02
CS1 End36.32
CR1 Start37.23
Volume & EV
DER(3)-2.93%
DER(5)-2.05%
Volume144.70K
Volume Incr130.79%
Vol(5)58.76K
Vol(50)32.84K