SIMPSON MANUFACTURING CO INC (SSD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SSD - US8290731053 - Common Stock
Overall SSD gets a technical rating of 1 out of 10. SSD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
SSD has a poor technical rating and the quality of the setup is also not perfect 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.
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151.90
When analyzing the support we can see 3 important areas.
- A support zone ranging from 164.04 to 166.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 157.99 to 159.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 153.43 to 154.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @176.51 from a horizontal line in the weekly time frame.
- Resistance @180.87 from a trend line in the daily time frame.
- Resistance @186.44 from a horizontal line in the daily time frame.
- A resistance zone ranging from 192.45 to 194.22. This zone is formed by a combination of multiple trend lines in the weekly 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 SSD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SSD is neutral. |
| ChartMill Relative Strength | 22.91 | NEGATIVE | SSD has a low relative strength, it was outperformed by 77.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SSD is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SSD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SSD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.23 | NEUTRAL | The RSI value for SSD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1 | POSITIVE | The MACD value suggests SSD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.48 | NEUTRAL | The Stochastics value for SSD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for SSD suggests some volalility. |
| Average Directional Index/ADX (14) | 18.95 | NEGATIVE | The low ADX value for SSD suggests a weak or negative trend. |
167.4
-2.94 (-1.73%)
SIMPSON MANUFACTURING CO INC / SSD FAQ
Can you provide the ChartMill technical rating for SIMPSON MANUFACTURING CO INC?
ChartMill assigns a technical rating of 1 / 10 to SSD.
What is the current trend direction of SIMPSON MANUFACTURING CO INC (SSD) stock?
The current trend direction for SIMPSON MANUFACTURING CO INC (SSD) is Bearish.
What is the RSI signal for SIMPSON MANUFACTURING CO INC (SSD) stock?
SIMPSON MANUFACTURING CO INC (SSD) has an RSI value of 49.2295. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SIMPSON MANUFACTURING CO INC?
The short term momentum for SIMPSON MANUFACTURING CO INC (SSD) is neutral.
Can you provide the support and resistance levels for SIMPSON MANUFACTURING CO INC?
SIMPSON MANUFACTURING CO INC (SSD) has a support level at 166.21 and a resistance level at 176.51. Check the full technical report for our detailed analysis of SSD support and resistance levels.