SILVERSUN TECHNOLOGIES INC (SSNT) Stock Technical Analysis
NASDAQ:SSNT - Nasdaq - US82846H2076 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to SSNT. 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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, SSNT did better than 99% of all other stocks. We also observe that the gains produced by SSNT over the past year are nicely spread over this period.
SSNT is one of the better performing stocks in the Software industry, it outperforms 98% of 284 stocks in the same industry.
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.
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.
More info and screens
14.23
18.78
3 important support areas can be observed.
- 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.
When analyzing the resistance we notice one important area.
- Resistance @18.59 from a horizontal 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 | 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. |
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)
16.31
-3.3 (-16.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-16.83%
1 Week-16.14%
2 Weeks0.8%
1 Month15.51%
3 Month20.28%
6 Month84.09%
12 Month424.44%
2 Year501.84%
3 Year34.02%
5 Year452.88%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.81
ATR(20)%9.55%
ATR Inc117.16%
Range Today3.48
ADR(20)1.45
ADR(20)%8.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.48
Mansfield6.62
10 Day High20.14
10 Day Low14.51
20 Day High20.14
20 Day Low13.5
52 Week High24.54
52 Week Low2.99
CS1 End15.42
CR1 Start18.59
Volume & EV
DER(3)4.2%
DER(5)-0.05%
Volume324.00K
Volume Incr353.58%
Vol(5)182.34K
Vol(50)58.03K