Seven Stars Cloud Group Inc. (SSC) Stock Technical Analysis
NASDAQ:SSC -
2.98
-0.12 (-3.87%)
We assign a technical rating of 2 out of 10 to SSC. Although SSC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
SSC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SSC has a been trading in the 2.75 - 4.36 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that SSC is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Considerably lower volume is observed in the last couple of days.
The technical rating of SSC is bad and it also does not present a 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
2.05
3.44
We found 4 important support areas.
- Support @2.86 from a horizontal line in the daily time frame.
- Support @2.32 from a trend line in the daily time frame.
- Support @2.21 from a trend line in the weekly time frame.
- Support @2.07 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.41 to 3.41. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for SSC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SSC is down. |
| ChartMill Relative Strength | 97.3 | POSITIVE | SSC has a high relative strength, it outperformed 97.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SSC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SSC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SSC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.97 | NEUTRAL | The RSI value for SSC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SSC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 35.64 | NEUTRAL | The Stochastics value for SSC is a neutral value. |
| Average True Range in percent/ATR (20) | 11.64 | HIGH VOLATILITY | The high ATR as a percentage value for SSC suggests high volalility. |
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)
NASDAQ:SSC (11/12/2018, 4:30:00 PM)
2.98
-0.12 (-3.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.87%
1 Week-9.97%
2 Weeks3.83%
1 Month-8.31%
3 Month51.27%
6 Month7.58%
12 Month36.7%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%11.64%
ATR Inc-13.82%
Range Today0.26
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.3
Mansfield-0.11
10 Day High3.74
10 Day Low2.8
20 Day High4.36
20 Day Low2.75
52 Week High7
52 Week Low1.41
CS1 End2.86
CR1 Start3.41
Volume & EV
DER(3)-12.61%
DER(5)-5.92%
Volume385.60K
Volume Incr-4.16%
Vol(5)409.82K
Vol(50)898.10K