SILVERSUN TECHNOLOGIES INC (SSNT)
US82846H2076 - Common Stock
Taking everything into account, SSNT scores 7 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 and short term trends are both positive. This is looking good!
SSNT is part of the Software industry. There are 277 other stocks in this industry. SSNT outperforms 97% of them.
When comparing the yearly performance of all stocks, we notice that SSNT is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
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 12.51 - 16.50 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.
Besides having an excellent technical rating, SSNT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 14.14, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
12.41
15.76
We found 3 important support areas.
- A support zone ranging from 13.77 to 14.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.51 to 13.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.54 to 12.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @15.60 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.96
Mansfield6.51
10 Day High15.25
10 Day Low13.5
20 Day High16.51
20 Day Low12.51
52 Week High24.54
52 Week Low2.99
Performance
1 Week2.79%
2 Weeks2.94%
1 Month13.08%
3 Month-3.95%
6 Month297.51%
12 Month349.84%
2 Year386.44%
3 Year112.91%
5 Year375.17%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.07
RSI(14)52.4
LBB13.03
UBB15.3
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.61 | 13.76 | 1.85 (11.85%) | 8.44% |
| An entry @15.61. This is a Buy Stop order right above the resistance zone. | An exit @13.76. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.85 points, which is 11.85%. | For a 1.00% total portfolio risk, you can invest 8.44% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SILVERSUN TECHNOLOGIES INC
NASDAQ:SSNT (5/10/2024, 7:20:51 PM)
After market: 14.35 0 (0%)14.35
-0.51 (-3.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.43%
1 Week2.79%
2 Weeks2.94%
1 Month13.08%
3 Month-3.95%
6 Month297.51%
12 Month349.84%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.94
ATR(20)%8.11%
ATR Inc
Range Today0.87
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High15.25
10 Day Low13.5
20 Day High16.51
20 Day Low12.51
52 Week High24.54
52 Week Low2.99
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume17.70K
Volume Incr-45.58%
Vol(5)27.40K
Vol(50)54.35K