SAMSON OIL & GAS LTD (SSN) Technical Analysis
NYSEARCA:SSN
Current stock price
SSN Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to SSN. SSN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, SSN is a bad performer in the overall market: 92% of all stocks are doing better.
- SSN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month SSN has a been trading in the 0.27 - 0.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
SSN Weekly and Daily overview Charts
SSN Setup Rating and Analysis
Although the technical rating is bad, SSN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.35, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SSN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
SSN Support and Resistance Analysis
0.35
When analyzing the support we notice one important area.
- A support zone ranging from 0.35 to 0.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 0.38 to 0.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.39 from a trend line in the daily time frame.
- Resistance @0.41 from a horizontal line in the daily time frame.
- Resistance @0.54 from a trend line in the weekly time frame.
- Resistance @0.56 from a trend line in the weekly time frame.
SSN 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 SSN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SSN is neutral. |
| ChartMill Relative Strength | 8.88 | NEGATIVE | SSN has a low relative strength, it was outperformed by 91.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SSN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SSN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SSN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.35 | NEUTRAL | The RSI value for SSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SSN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 43.83 | NEUTRAL | The Stochastics value for SSN is a neutral value. |
| Average True Range in percent/ATR (20) | 9.58 | HIGH VOLATILITY | The high ATR as a percentage value for SSN suggests high volalility. |
SSN Chart- and CandleStick Pattern Analysis
SSN Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:SSN (11/16/2017, 8:06:49 PM)
0.357
+0.01 (+2%)
SAMSON OIL & GAS LTD / SSN TA FAQ
Can you provide the ChartMill technical rating for SAMSON OIL & GAS LTD?
ChartMill assigns a technical rating of 1 / 10 to SSN.
Can you provide the trend direction for SAMSON OIL & GAS LTD?
The current trend direction for SAMSON OIL & GAS LTD (SSN) is Bearish.
What is the RSI signal for SAMSON OIL & GAS LTD (SSN) stock?
SAMSON OIL & GAS LTD (SSN) has an RSI value of 50.3529. This indicates that the stock is currently neutral.
What is the MACD signal for SSN stock?
The MACD indicator for SAMSON OIL & GAS LTD (SSN) has a value of 0.0000021786, indicating a bearish trend.
What is the short term momentum for SAMSON OIL & GAS LTD (SSN) stock?
The short term momentum for SAMSON OIL & GAS LTD (SSN) is neutral.