SSR MINING INC (SSRM) Stock Technical Analysis
NASDAQ:SSRM - Nasdaq - CA7847301032 - Common Stock - Currency: USD
Taking everything into account, SSRM 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, SSRM is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SSRM is one of the better performing stocks in the market, outperforming 97% of all stocks.
SSRM is one of the better performing stocks in the Metals & Mining industry, it outperforms 92% of 154 stocks in the same industry.
SSRM is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SSRM is leading the market.
In the last month SSRM has a been trading in the 9.88 - 11.89 range, which is quite wide. It is currently trading near the high of this range.
SSRM has an average volume of 2428610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SSRM 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
10.00
11.96
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.52 to 10.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.10 to 10.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.84 to 11.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 SSRM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SSRM is up. |
| ChartMill Relative Strength | 97.06 | POSITIVE | SSRM has a high relative strength, it outperformed 97.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SSRM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SSRM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SSRM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.63 | NEUTRAL | The RSI value for SSRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests SSRM has a positive trend. |
| Stochastics (14,3) | 95.68 | OVERBOUGHT | The high Stochastics value suggests SSRM may be overbought. |
| Average True Range in percent/ATR (20) | 4.13 | MEDIUM VOLATILITY | The ATR as a percentage value for SSRM suggests some volalility. |
| Average Directional Index/ADX (14) | 26.97 | POSITIVE | The high ADX value value for SSRM suggests a strong 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)
11.83
+0.09 (+0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.77%
1 Week6%
2 Weeks8.14%
1 Month17.59%
3 Month18.42%
6 Month103.61%
12 Month121.54%
2 Year-19.91%
3 Year-39.11%
5 Year-38.48%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%4.13%
ATR Inc-38.9%
Range Today0.29
ADR(20)0.43
ADR(20)%3.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.06
Mansfield5.53
10 Day High11.89
10 Day Low10.54
20 Day High11.89
20 Day Low9.88
52 Week High11.89
52 Week Low4.32
CS1 End10.73
CR1 Start11.84
Volume & EV
DER(3)0.51%
DER(5)2.27%
Volume2.06M
Volume Incr5.66%
Vol(5)2.30M
Vol(50)2.43M