SOUTHERN STATES BANCSHARES (SSBK) Stock Technical Analysis
NASDAQ:SSBK - Nasdaq - US8438783073 - Common Stock - Currency: USD
Overall SSBK gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month SSBK has a been trading in the 33.34 - 37.22 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that SSBK is one of the better performing stocks in the market, outperforming 85% of all stocks.
SSBK is part of the Banks industry. There are 396 other stocks in this industry. SSBK outperforms 79% of them.
SSBK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SSBK is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
SSBK 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
30.56
38.39
When analyzing the support we can see 4 important areas.
- A support zone ranging from 33.87 to 34.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.68 from a trend line in the weekly time frame.
- A support zone ranging from 31.43 to 32.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 30.87 to 30.88. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- Resistance @36.32 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for SSBK is neutral. |
| ChartMill Relative Strength | 85.34 | POSITIVE | SSBK has a high relative strength, it outperformed 85.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SSBK is below a declining 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) | 49.66 | NEUTRAL | The RSI value for SSBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests SSBK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.06 | OVERSOLD | The low Stochastics value suggests SSBK may be oversold. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for SSBK suggests some volalility. |
| Average Directional Index/ADX (14) | 21.3 | 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)
34.45
+0.75 (+2.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.23%
1 Week-0.12%
2 Weeks-0.46%
1 Month-3.04%
3 Month7.35%
6 Month-4.28%
12 Month32.76%
2 Year63.27%
3 Year53.18%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.69
ATR(20)%2.18%
ATR Inc6.9%
Range Today0.43
ADR(20)0.67
ADR(20)%1.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.34
Mansfield0.26
10 Day High35.42
10 Day Low33.34
20 Day High37.22
20 Day Low33.34
52 Week High39.16
52 Week Low25.08
CS1 End34.44
CR1 Start36.32
Volume & EV
DER(3)0.35%
DER(5)0.37%
Volume24.90K
Volume Incr-1.19%
Vol(5)25.00K
Vol(50)40.50K