SILVERSUN TECHNOLOGIES INC (SSNT) Technical Analysis
NASDAQ:SSNT • US82846H2076
Current stock price
16.31 USD
-3.3 (-16.83%)
At close:
16.5 USD
+0.19 (+1.16%)
After Hours:
SSNT Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to SSNT. Both in the recent history as in the last year, SSNT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- 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. We also observe that the gains produced by SSNT over the past year are nicely spread over this period.
- SSNT is part of the Software industry. There are 271 other stocks in this industry. SSNT outperforms 100% 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.
SSNT Weekly and Daily overview Charts
SSNT 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.
More info and screens
SSNT Support and Resistance Analysis
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.
SSNT 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. |
SSNT Chart- and CandleStick Pattern Analysis
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)
SSNT Technicals: Chart, Performance Metrics, Trend & Indicators
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
3 months CRSN/A
6 months CRSN/A
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
SILVERSUN TECHNOLOGIES INC / SSNT TA FAQ
Can you provide the ChartMill technical rating for SILVERSUN TECHNOLOGIES INC?
ChartMill assigns a technical rating of 10 / 10 to SSNT.
Can you provide the trend direction for SILVERSUN TECHNOLOGIES INC?
The current trend direction for SILVERSUN TECHNOLOGIES INC (SSNT) is Bullish.
What is the RSI signal for SILVERSUN TECHNOLOGIES INC (SSNT) stock?
SILVERSUN TECHNOLOGIES INC (SSNT) has an RSI value of 49.6432. This indicates that the stock is currently neutral.
What is the short term momentum for SILVERSUN TECHNOLOGIES INC (SSNT) stock?
The short term momentum for SILVERSUN TECHNOLOGIES INC (SSNT) is neutral.