SAMSON OIL & GAS LTD (SSN) Stock Technical Analysis
NYSEARCA:SSN -
0.357
+0.01 (+2%)
Taking everything into account, SSN scores 1 out of 10 in our technical rating. 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
92% of all other stocks performed better in the past year than SSN.
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.
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
0.35
0.57
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.
5 important resistance areas can be observed.
- 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.
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. |
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)
NYSEARCA:SSN (11/16/2017, 8:06:49 PM)
0.357
+0.01 (+2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2%
1 Week-6.05%
2 Weeks-0.83%
1 Month8.18%
3 Month-15%
6 Month-18.86%
12 Month-49%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%9.58%
ATR Inc-30.86%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.88
Mansfield-3.63
10 Day High0.43
10 Day Low0.34
20 Day High0.43
20 Day Low0.27
52 Week High0.77
52 Week Low0.27
CS1 End0.35
CR1 Start0.38
Volume & EV
DER(3)16.9%
DER(5)9.47%
Volume6.10K
Volume Incr-64.67%
Vol(5)34.90K
Vol(50)90.87K