SIMPSON MANUFACTURING CO INC (SSD) Stock Technical Analysis
NYSE:SSD - US8290731053 - Common Stock
195.9 USD
+3.01 (+1.56%)
196.98 USD
+1.08 (+0.55%)
Taking everything into account, SSD scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SSD is only an average performer.
The long and short term trends are both positive. This is looking good!
SSD is one of the better performing stocks in the Building Products industry, it outperforms 80% of 41 stocks in the same industry.
SSD is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
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.
When comparing the yearly performance of all stocks, we notice that SSD is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this relatively good performance is mostly due to a recent big move.
SSD has an excellent technical rating, but the quality of the setup is only medium 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
150.76
199.06
4 important support areas can be observed.
- A support zone ranging from 187.65 to 192.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 165.82 to 166.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @161.56 from a trend line in the weekly time frame.
- A support zone ranging from 152.28 to 154.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 196.93 to 197.09. 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 | 78.22 | POSITIVE | SSD has a high relative strength, it outperformed 78.22% 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) | 63.85 | NEUTRAL | The RSI value for SSD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.8 | NEGATIVE | The MACD value suggests SSD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.52 | NEUTRAL | The Stochastics value for SSD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for SSD suggests some volalility. |
| Average Directional Index/ADX (14) | 36.46 | POSITIVE | The high ADX value value for SSD suggests a strong trend. |
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)
195.9
+3.01 (+1.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg1.56%
1 Week1.53%
2 Weeks3.83%
1 Month7.62%
3 Month24.94%
6 Month18.77%
12 Month14.63%
2 Year30.77%
3 Year149.87%
5 Year101.63%
10 Year484.95%
15 Year659.89%
Volatility
ATR(14)4.24
ATR(20)%2.3%
ATR Inc42.74%
Range Today3.04
ADR(20)4.14
ADR(20)%2.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.22
Mansfield0.49
10 Day High197.82
10 Day Low186.32
20 Day High197.82
20 Day Low178.85
52 Week High197.82
52 Week Low137.35
CS1 End192.94
CR1 Start196.93
Volume & EV
DER(3)-0.75%
DER(5)-1.33%
Volume236.00K
Volume Incr-13.43%
Vol(5)232.80K
Vol(50)304.29K