SASOL LTD-SPONSORED ADR (SSL) Technical Analysis
NYSE:SSL • US8038663006
Taking everything into account, SSL scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SSL is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that SSL is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by SSL over the past year are nicely spread over this period.
- SSL is part of the Chemicals industry. There are 83 other stocks in this industry. SSL outperforms 98% of them.
- SSL is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SSL is leading the market.
- In the last month SSL has a been trading in the 6.86 - 9.35 range, which is quite wide. It is currently trading near the high of this range.
- SSL has an average volume of 2017790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
Although SSL has an excellent technical rating, it does not present a decent entry opportunity 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
6.07
When analyzing the support we can see 5 important areas.
- A support zone ranging from 8.64 to 8.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.10 from a horizontal line in the daily time frame.
- Support @7.85 from a trend line in the daily time frame.
- Support @6.80 from a trend line in the weekly time frame.
- Support @6.13 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.97 to 8.97. 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 SSL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SSL is up. |
| ChartMill Relative Strength | 95.57 | POSITIVE | SSL has a high relative strength, it outperformed 95.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SSL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SSL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SSL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.89 | NEUTRAL | The RSI value for SSL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SSL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.16 | NEUTRAL | The Stochastics value for SSL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.35 | HIGH VOLATILITY | The high ATR as a percentage value for SSL suggests high volalility. |
| Average Directional Index/ADX (14) | 27.32 | POSITIVE | The high ADX value value for SSL suggests a strong trend. |
SSL Technicals: Chart, Performance Metrics, Trend & Indicators
8.96
+0.36 (+4.19%)
SASOL LTD-SPONSORED ADR / SSL FAQ
What is the ChartMill technical rating of SASOL LTD-SPONSORED ADR (SSL) stock?
ChartMill assigns a technical rating of 10 / 10 to SSL.
What is the current trend direction of SASOL LTD-SPONSORED ADR (SSL) stock?
The current trend direction for SASOL LTD-SPONSORED ADR (SSL) is Bullish.
What is the RSI signal for SASOL LTD-SPONSORED ADR (SSL) stock?
SASOL LTD-SPONSORED ADR (SSL) has an RSI value of 62.891. This indicates that the stock is currently neutral.
What is the short term momentum for SSL stock?
The short term momentum for SASOL LTD-SPONSORED ADR (SSL) is positive.
Can you provide the buy/sell signal for SASOL LTD-SPONSORED ADR?
The buy/sell signal for SASOL LTD-SPONSORED ADR (SSL) is buy as both the short term and long term trends are positive.