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 1 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- SSD is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- SSD is one of the better performing stocks in the Building Products industry, it outperforms 73% of 42 stocks in the same industry.
- When compared to the yearly performance of all other stocks, SSD outperforms 61% 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
SSD has a poor technical rating and the quality of the setup is also 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
SSD Support and Resistance Analysis
153.76
When analyzing the support we can see 3 important areas.
- A support zone ranging from 162.99 to 164.97. This zone is formed by a combination of multiple trend lines 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 168.39 to 168.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 172.77 to 174.84. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for SSD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SSD is down. |
| ChartMill Relative Strength | 61.31 | 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) | DOWN | NEGATIVE | The current price of SSD is below a declining 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) | 31.82 | NEUTRAL | The RSI value for SSD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.82 | NEGATIVE | The MACD value suggests SSD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.19 | NEUTRAL | The Stochastics value for SSD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.95 | MEDIUM VOLATILITY | The ATR as a percentage value for SSD suggests some volalility. |
| Average Directional Index/ADX (14) | 34.23 | 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
168.38
-2.75 (-1.61%)
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 1 / 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 31.8209. 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 -0.818313, 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.