SSNT Technical Analysis - SILVERSUN TECHNOLOGIES INC

Technical Rating and Analysis

Taking everything into account, SSNT 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, SSNT is showing a nice and steady performance.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

Looking at the yearly performance, SSNT did better than 99% of all other stocks. On top of that, SSNT also shows a nice and consistent pattern of rising prices.

SSNT is part of the Software industry. There are 280 other stocks in this industry. SSNT outperforms 99% of them.

SSNT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SSNT is lagging the market.

In the last month SSNT has a been trading in the 13.50 - 20.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SILVERSUN TECHNOLOGIES INC / SSNT Weekly stock chart

SILVERSUN TECHNOLOGIES INC / SSNT Daily stock chart

Setup Rating and Analysis

SSNT has an excellent technical rating, but the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

14.23

18.78

When analyzing the support we can see 3 important areas.

A support zone ranging from 15.32 to 15.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 14.75 to 15.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @14.37 from a trend line in the daily time frame.

We found 1 important resistance area.

Resistance @18.59 from a horizontal line in the weekly time frame.

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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	UP	POSITIVE	The long term trend for SSNT is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SSNT is neutral.
ChartMill Relative Strength	99.48	POSITIVE	SSNT has a high relative strength, it outperformed 99.48% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of SSNT is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SSNT is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of SSNT is above the rising SMA(200).
Relative Strength Index/RSI (14)	49.64	NEUTRAL	The RSI value for SSNT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.12	POSITIVE	The MACD value suggests SSNT has a positive trend, although the MACD value is declining.
Stochastics (14,3)	69.44	NEUTRAL	The Stochastics value for SSNT is a neutral value.
Average True Range in percent/ATR (20)	9.55	HIGH VOLATILITY	The high ATR as a percentage value for SSNT suggests high volalility.
Average Directional Index/ADX (14)	24.7	NEUTRAL	The ADX value for SSNT suggests a possible start of a new trend.