SIMPSON MANUFACTURING CO INC (SSD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SSD - US8290731053 - Common Stock
We assign a technical rating of 1 out of 10 to SSD. SSD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, SSD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
151.90
4 important support areas can be observed.
- Support @165.21 from a trend line in the weekly time frame.
- Support @160.93 from a trend line in the daily time frame.
- A support zone ranging from 157.99 to 158.03. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @153.43 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 166.75 to 170.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 176.51 to 177.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @186.44 from a horizontal line in the daily time frame.
- A resistance zone ranging from 192.45 to 193.65. This zone is formed by a combination of multiple trend lines in the weekly time frame.
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 | 34.72 | NEUTRAL | SSD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SSD is below 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 | MIXED | The current price of SSD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.54 | NEUTRAL | The RSI value for SSD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests SSD has a negative trend. |
| Stochastics (14,3) | 23.05 | NEUTRAL | The Stochastics value for SSD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for SSD suggests some volalility. |
| Average Directional Index/ADX (14) | 13.24 | NEGATIVE | The low ADX value for SSD suggests a weak or negative trend. |
166.61
+1.31 (+0.79%)
SIMPSON MANUFACTURING CO INC / SSD FAQ
Can you provide the ChartMill technical rating for SIMPSON MANUFACTURING CO INC?
ChartMill assigns a technical rating of 1 / 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 Bearish.
What is the RSI signal for SIMPSON MANUFACTURING CO INC (SSD) stock?
SIMPSON MANUFACTURING CO INC (SSD) has an RSI value of 47.537. 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 negative.
Can you provide the support and resistance levels for SIMPSON MANUFACTURING CO INC?
SIMPSON MANUFACTURING CO INC (SSD) has a support level at 165.21 and a resistance level at 166.75. Check the full technical report for our detailed analysis of SSD support and resistance levels.