SILVER SPRING NETWORKS INC (SSNI) Stock Technical Analysis
NYSE:SSNI - New York Stock Exchange, Inc. - US82817Q1031
Taking everything into account, SSNI scores 7 out of 10 in our technical rating. Although SSNI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
SSNI is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the yearly performance of all stocks, we notice that SSNI is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month SSNI has a been trading in a tight range between 16.22 and 16.26.
Although SSNI has an excellent technical rating, the quality of the presented setup is not ideal 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
15.02
16.43
2 important support areas can be observed.
- A support zone ranging from 15.84 to 16.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.17 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.27 to 16.27. 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 SSNI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SSNI is up. |
| ChartMill Relative Strength | 74.65 | POSITIVE | SSNI has a high relative strength, it outperformed 74.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SSNI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SSNI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SSNI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.91 | NEUTRAL | The RSI value for SSNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SSNI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for SSNI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.1 | LOW VOLATILITY | The low ATR as a percentage value for SSNI suggests low 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)
16.26
+0.02 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.12%
1 Week0%
2 Weeks0.12%
1 Month0.12%
3 Month0.68%
6 Month54.71%
12 Month24.22%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.1%
ATR Inc27.27%
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
CRS74.65
Mansfield1.26
10 Day High16.26
10 Day Low16.23
20 Day High16.26
20 Day Low16.22
52 Week High16.26
52 Week Low9.68
CS1 End16.24
CR1 Start16.27
Volume & EV
DER(3)-0.58%
DER(5)1.07%
Volume60.30K
Volume Incr-17.73%
Vol(5)719.04K
Vol(50)871.30K