Seven Stars Cloud Group Inc. (SSC) Technical Analysis
NASDAQ:SSC
Current stock price
SSC Technical Rating and Analysis
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. The S&P500 Index however is trading in the upper part of its 52 week range, so SSC is lagging the market.
- 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!
- Looking at the yearly performance, SSC did better than 97% of all other 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.
SSC Weekly and Daily overview Charts
SSC Setup Rating and Analysis
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
SSC Support and Resistance Analysis
2.05
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.
When analyzing the resistance we notice one important 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.
SSC 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 | 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. |
SSC Chart- and CandleStick Pattern Analysis
SSC Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:SSC (11/12/2018, 4:30:00 PM)
2.98
-0.12 (-3.87%)
Seven Stars Cloud Group Inc. / SSC TA FAQ
What is the ChartMill technical rating of Seven Stars Cloud Group Inc. (SSC) stock?
ChartMill assigns a technical rating of 1 / 10 to SSC.
What is the trend direction for SSC stock?
The current trend direction for Seven Stars Cloud Group Inc. (SSC) is Bearish.
What is the RSI signal for Seven Stars Cloud Group Inc. (SSC) stock?
Seven Stars Cloud Group Inc. (SSC) has an RSI value of 40.9732. This indicates that the stock is currently neutral.
What is the MACD signal for Seven Stars Cloud Group Inc. (SSC) stock?
The MACD indicator for Seven Stars Cloud Group Inc. (SSC) has a value of 0.00884702, indicating a bearish trend.
What is the short term momentum for SSC stock?
The short term momentum for Seven Stars Cloud Group Inc. (SSC) is negative.