SIMPSON MANUFACTURING CO INC (SSD) Technical Analysis
NYSE:SSD • US8290731053
Current stock price
SSD Technical Rating and Analysis
Overall SSD gets a technical rating of 2 out of 10. SSD has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month SSD has a been trading in the 169.71 - 204.51 range, which is quite wide. It is currently trading near the lows of this range.
- SSD is one of the better performing stocks in the Building Products industry, it outperforms 80% of 42 stocks in the same industry.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When compared to the yearly performance of all other stocks, SSD outperforms 63% of them, which is more or less in line with the market.
- SSD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SSD is lagging the market slightly.
SSD Weekly and Daily overview Charts
SSD Setup Rating and Analysis
The technical rating of SSD 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
SSD Support and Resistance Analysis
153.76
We found 4 important support areas.
- Support @167.81 from a trend line in the daily time frame.
- Support @162.65 from a trend line in the daily time frame.
- Support @157.99 from a horizontal line in the daily time frame.
- Support @155.31 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 171.11 to 171.15. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @193.58 from a horizontal line in the daily time frame.
SSD 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 SSD is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SSD is down. |
| ChartMill Relative Strength | 63.14 | NEUTRAL | SSD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SSD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SSD is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SSD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 24.92 | OVERSOLD | The low RSI value suggests SSD may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.05 | NEGATIVE | The MACD value suggests SSD has a negative trend. |
| Stochastics (14,3) | 5.44 | OVERSOLD | The low Stochastics value suggests SSD may be oversold. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for SSD suggests some volalility. |
| Average Directional Index/ADX (14) | 31.15 | POSITIVE | The high ADX value value for SSD suggests a strong trend. |
SSD Chart- and CandleStick Pattern Analysis
SSD Technicals: Chart, Performance Metrics, Trend & Indicators
171.1
-3.9 (-2.23%)
SIMPSON MANUFACTURING CO INC / SSD TA FAQ
Can you provide the ChartMill technical rating for SIMPSON MANUFACTURING CO INC?
ChartMill assigns a technical rating of 2 / 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 Bearish.
What is the RSI signal for SSD stock?
SIMPSON MANUFACTURING CO INC (SSD) has an RSI value of 24.9244. This indicates that the stock is currently oversold.
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 -2.04817, indicating a bearish trend.
What is the short term momentum for SSD stock?
The short term momentum for SIMPSON MANUFACTURING CO INC (SSD) is negative.