EW SCRIPPS CO/THE-A (SSP) Stock Technical Analysis
NASDAQ:SSP - Nasdaq - US8110544025 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to SSP. SSP has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month SSP has a been trading in the 2.79 - 4.17 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the performance of all stocks over the past year, SSP turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
SSP is part of the Media industry. There are 97 other stocks in this industry, SSP did better than 63% of them.
SSP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SSP is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
SSP has an average technical rating and it also does not offer a high quality setup 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
2.42
3.89
2 important support areas can be observed.
- Support @2.57 from a trend line in the daily time frame.
- Support @2.44 from a trend line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 2.90 to 2.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.11 from a trend line in the daily time frame.
- Resistance @3.55 from a trend line in the weekly time frame.
- Resistance @3.74 from a trend line in the weekly time frame.
- Resistance @3.85 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 SSP is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SSP is down. |
| ChartMill Relative Strength | 54.38 | NEUTRAL | SSP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SSP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SSP is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SSP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.9 | NEUTRAL | The RSI value for SSP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests SSP has a negative trend. |
| Stochastics (14,3) | 6.64 | OVERSOLD | The low Stochastics value suggests SSP may be oversold. |
| Average True Range in percent/ATR (20) | 9.18 | HIGH VOLATILITY | The high ATR as a percentage value for SSP suggests high volalility. |
| Average Directional Index/ADX (14) | 22.89 | NEUTRAL | The ADX value for SSP 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)
2.9
-0.09 (-3.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-3.01%
1 Week-12.91%
2 Weeks-11.31%
1 Month-12.65%
3 Month18.37%
6 Month54.26%
12 Month-9.09%
2 Year-62.04%
3 Year-80.6%
5 Year-73.92%
10 Year-83.45%
15 Year-57.42%
Volatility
ATR(14)0.23
ATR(20)%9.18%
ATR Inc-26.99%
Range Today0.21
ADR(20)0.26
ADR(20)%9.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.38
Mansfield1.44
10 Day High3.41
10 Day Low2.79
20 Day High4.17
20 Day Low2.79
52 Week High4.17
52 Week Low1.36
CS1 End2.57
CR1 Start2.9
Volume & EV
DER(3)-0.28%
DER(5)1.21%
Volume533.40K
Volume Incr-40.36%
Vol(5)509.92K
Vol(50)826.30K