SIMPSON MANUFACTURING CO INC (SSD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SSD - US8290731053 - Common Stock
Taking everything into account, SSD scores 7 out of 10 in our technical rating. SSD has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- Both the short term and long term trends are positive. This is a very positive sign.
- SSD is part of the Building Products industry. There are 42 other stocks in this industry. SSD outperforms 73% of them.
- 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.
- In the last month SSD has a been trading in the 161.25 - 189.99 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, SSD outperforms 67% of them, which is more or less in line with the market.
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
151.90
4 important support areas can be observed.
- A support zone ranging from 167.19 to 169.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 161.46 to 162.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @158.03 from a horizontal line in the daily time frame.
- Support @153.43 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @186.43 from a horizontal line in the daily time frame.
- A resistance zone ranging from 192.45 to 192.88. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 197.09 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 | 67.84 | 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) | 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) | 65.61 | NEUTRAL | The RSI value for SSD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.49 | POSITIVE | The MACD value suggests SSD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.23 | OVERBOUGHT | The high Stochastics value suggests SSD may be overbought. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for SSD suggests some volalility. |
| Average Directional Index/ADX (14) | 32.33 | POSITIVE | The high ADX value value for SSD suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 186.44 | 163.92 | 22.52 (12.08%) | 8.28% |
| An entry @186.44. This is a Buy Stop order right above the resistance zone. | An exit @163.92. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 22.52 points, which is 12.08%. | When investing 8.28% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
186.29
-0.82 (-0.44%)
SIMPSON MANUFACTURING CO INC / SSD FAQ
Can you provide the ChartMill technical rating for SIMPSON MANUFACTURING CO INC?
ChartMill assigns a technical rating of 7 / 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 65.6095. 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 1.49485, indicating a bullish trend.
What is the short term momentum for SSD stock?
The short term momentum for SIMPSON MANUFACTURING CO INC (SSD) is positive.