SIMPSON MANUFACTURING CO INC (SSD) Stock Technical Analysis
USA - NYSE:SSD - US8290731053 - Common Stock
Overall SSD gets a technical rating of 4 out of 10. SSD was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
SSD has an average technical rating and also 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
151.90
We found 2 important support areas.
- A support zone ranging from 165.68 to 168.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 2 important areas.
- Resistance @185.74 from a trend line in the daily time frame.
- A resistance zone ranging from 195.17 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 | NEUTRAL | NEUTRAL | The short term trend for SSD is neutral. |
| ChartMill Relative Strength | 31 | NEUTRAL | SSD is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of SSD is below a declining 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) | 50.73 | NEUTRAL | The RSI value for SSD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.93 | POSITIVE | The MACD value suggests SSD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.49 | NEUTRAL | The Stochastics value for SSD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for SSD suggests some volalility. |
| Average Directional Index/ADX (14) | 20.9 | NEUTRAL | The ADX value for SSD suggests a possible start of a new trend. |
176.5
+1.74 (+1%)
SIMPSON MANUFACTURING CO INC / SSD FAQ
Can you provide the ChartMill technical rating for SIMPSON MANUFACTURING CO INC?
ChartMill assigns a technical rating of 4 / 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 Bullish.
What is the RSI signal for SIMPSON MANUFACTURING CO INC (SSD) stock?
SIMPSON MANUFACTURING CO INC (SSD) has an RSI value of 50.729. 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 168.5 and a resistance level at 185.74. Check the full technical report for our detailed analysis of SSD support and resistance levels.