SIMPSON MANUFACTURING CO INC (SSD) Stock Technical Analysis
NYSE:SSD • US8290731053
We assign a technical rating of 8 out of 10 to SSD. Although SSD is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- SSD is one of the better performing stocks in the Building Products industry, it outperforms 70% of 42 stocks in the same industry.
- SSD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SSD is lagging the market slightly.
- SSD is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Looking at the yearly performance, SSD did better than 77% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
SSD has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
153.76
5 important support areas can be observed.
- A support zone ranging from 184.57 to 187.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 176.77 to 176.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @169.17 from a trend line in the weekly time frame.
- Support @161.57 from a trend line in the daily time frame.
- Support @155.31 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 209.02 to 209.22. 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 SSD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SSD is up. |
| ChartMill Relative Strength | 77.13 | POSITIVE | SSD has a high relative strength, it outperformed 77.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SSD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SSD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SSD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.44 | NEUTRAL | The RSI value for SSD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests SSD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.74 | NEUTRAL | The Stochastics value for SSD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for SSD suggests some volalility. |
| Average Directional Index/ADX (14) | 41.57 | POSITIVE | The high ADX value value for SSD suggests a strong trend. |
200.02
-0.19 (-0.09%)
SIMPSON MANUFACTURING CO INC / SSD FAQ
Can you provide the ChartMill technical rating for SIMPSON MANUFACTURING CO INC?
ChartMill assigns a technical rating of 8 / 10 to SSD.
Can you provide the trend direction for SIMPSON MANUFACTURING CO INC?
The current trend direction for SIMPSON MANUFACTURING CO INC (SSD) is Bullish.
What is the RSI signal for SSD stock?
SIMPSON MANUFACTURING CO INC (SSD) has an RSI value of 61.4353. This indicates that the stock is currently neutral.
What is the MACD signal for SIMPSON MANUFACTURING CO INC (SSD) stock?
The MACD indicator for SIMPSON MANUFACTURING CO INC (SSD) has a value of 0.136717, indicating a bearish trend.
What is the short term momentum for SSD stock?
The short term momentum for SIMPSON MANUFACTURING CO INC (SSD) is positive.