SOUTHERN STATES BANCSHARES (SSBK) Technical Analysis
NASDAQ:SSBK • US8438783073
Current stock price
SSBK Technical Rating and Analysis
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. On top of that, SSBK also shows a nice and consistent pattern of rising prices.
- SSBK is part of the Banks industry. There are 380 other stocks in this industry. SSBK outperforms 88% of them.
- SSBK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SSBK is performing more or less in line with the market.
- 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.
SSBK Weekly and Daily overview Charts
SSBK Setup Rating and Analysis
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
SSBK Support and Resistance Analysis
30.57
When analyzing the support we can see 5 important 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.
SSBK Technical Indicator Signal Analysis
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. |
SSBK Chart- and CandleStick Pattern Analysis
SSBK Technicals: Chart, Performance Metrics, Trend & Indicators
36.37
-0.03 (-0.08%)
SOUTHERN STATES BANCSHARES / SSBK TA FAQ
Can you provide the ChartMill technical rating for SOUTHERN STATES BANCSHARES?
ChartMill assigns a technical rating of 10 / 10 to SSBK.
What is the trend direction for SSBK stock?
The current trend direction for SOUTHERN STATES BANCSHARES (SSBK) is Bullish.
What is the RSI signal for SSBK stock?
SOUTHERN STATES BANCSHARES (SSBK) has an RSI value of 61.7469. This indicates that the stock is currently neutral.
What is the MACD signal for SSBK stock?
The MACD indicator for SOUTHERN STATES BANCSHARES (SSBK) has a value of 0.188166, indicating a bearish trend.
Can you provide the short term momentum for SOUTHERN STATES BANCSHARES?
The short term momentum for SOUTHERN STATES BANCSHARES (SSBK) is positive.