SSII Technical Analysis - SS INNOVATIONS INTERNATIONAL

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to SSII. SSII has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

When comparing the yearly performance of all stocks, SSII is a bad performer in the overall market: 100% of all stocks are doing better.

SSII is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 91% of 191 stocks in the same industry do better.

The long and short term trends are both positive. This is looking good!

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

In the last month SSII has a been trading in the 5.20 - 7.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SS INNOVATIONS INTERNATIONAL / SSII Weekly stock chart

SS INNOVATIONS INTERNATIONAL / SSII Daily stock chart

Setup Rating and Analysis

SSII has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.20. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.

A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.40

7.27

We found 2 important support areas.

Support @5.72 from a trend line in the daily time frame.
Support @5.45 from a trend line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 7.20 to 7.20. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for SSII is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SSII is up.
ChartMill Relative Strength	0	NEGATIVE	SSII has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SSII is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of SSII is above a declining SMA(50).
Relative Strength Index/RSI (14)	55.15	NEUTRAL	The RSI value for SSII is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.16	POSITIVE	The MACD value suggests SSII has a positive trend, although the MACD value is declining.
Stochastics (14,3)	65.78	NEUTRAL	The Stochastics value for SSII is a neutral value.
Average True Range in percent/ATR (20)	10	HIGH VOLATILITY	The high ATR as a percentage value for SSII suggests high volalility.
Average Directional Index/ADX (14)	19.85	NEGATIVE	The low ADX value for SSII suggests a weak or negative trend.