SASOL LTD-SPONSORED ADR (SSL) Stock Technical Analysis
NYSE:SSL - New York Stock Exchange, Inc. - US8038663006 - ADR - Currency: USD
Overall SSL gets a technical rating of 6 out of 10. In the last year, SSL was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, SSL is a bad performer in the overall market: 75% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month SSL has a been trading in the 3.41 - 4.77 range, which is quite wide. It is currently trading near the high of this range.
SSL has an average volume of 1222860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SSL is an average performer in the Chemicals industry, it outperforms 61% of 85 stocks in the same industry.
SSL 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 SSL is lagging the market slightly.
Although the technical rating is only medium, SSL does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for SSL in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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.
More info and screens
3.85
4.77
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.43 to 4.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.89 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for SSL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SSL is up. |
| ChartMill Relative Strength | 25.31 | NEGATIVE | SSL has a low relative strength, it was outperformed by 74.69% 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) | DOWN | NEGATIVE | The current price of SSL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.39 | OVERBOUGHT | The high RSI value suggests SSL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests SSL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.24 | OVERBOUGHT | The high Stochastics value suggests SSL may be overbought. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for SSL suggests some volalility. |
| Average Directional Index/ADX (14) | 34.03 | POSITIVE | The high ADX value value for SSL suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 4.78 | 4.42 | 0.36 (7.53%) | 13.28% |
| An entry @4.78. This is a Buy Stop order right above the 10 day high. | An exit @4.42. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.36 points, which is 7.53%. | For a 1.00% total portfolio risk, you can invest 13.28% of your capital in this trade. |
- 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.
4.72
+0.14 (+3.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg3.06%
1 Week3.51%
2 Weeks15.12%
1 Month35.63%
3 Month8.26%
6 Month-5.03%
12 Month-26.37%
2 Year-61.87%
3 Year-79.53%
5 Year-38.78%
10 Year-87.26%
15 Year-86.62%
Volatility
ATR(14)0.18
ATR(20)%3.4%
ATR Inc7.69%
Range Today0.2
ADR(20)0.11
ADR(20)%2.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.31
Mansfield-1.89
10 Day High4.77
10 Day Low4.41
20 Day High4.77
20 Day Low3.41
52 Week High8.4
52 Week Low2.78
CS1 End4.43
CR1 StartN/A
Volume & EV
DER(3)6.81%
DER(5)2.71%
Volume933.75K
Volume Incr15.24%
Vol(5)1.15M
Vol(50)1.22M