SSR MINING INC (SSRM) Stock Technical Analysis
USA - NASDAQ:SSRM - CA7847301032 - Common Stock
Taking everything into account, SSRM scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although SSRM has an excellent technical rating, it 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
14.48
4 important support areas can be observed.
- Support @20.26 from a trend line in the daily time frame.
- Support @19.93 from a horizontal line in the weekly time frame.
- Support @19.48 from a horizontal line in the daily time frame.
- A support zone ranging from 14.63 to 14.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 21.64 to 21.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 SSRM is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SSRM is down. |
| ChartMill Relative Strength | 98.23 | POSITIVE | SSRM has a high relative strength, it outperformed 98.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SSRM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SSRM is below 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) | 46.34 | NEUTRAL | The RSI value for SSRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests SSRM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.84 | NEUTRAL | The Stochastics value for SSRM is a neutral value. |
| Average True Range in percent/ATR (20) | 6.24 | HIGH VOLATILITY | The high ATR as a percentage value for SSRM suggests high volalility. |
| Average Directional Index/ADX (14) | 23.74 | NEUTRAL | The ADX value for SSRM suggests a possible start of a new trend. |
21.265
+0.07 (+0.35%)
SSR MINING INC / SSRM FAQ
Can you provide the ChartMill technical rating for SSR MINING INC?
ChartMill assigns a technical rating of 7 / 10 to SSRM.
What is the current trend direction of SSR MINING INC (SSRM) stock?
The current trend direction for SSR MINING INC (SSRM) is Bullish.
What is the RSI signal for SSR MINING INC (SSRM) stock?
SSR MINING INC (SSRM) has an RSI value of 46.3374. This indicates that the stock is currently neutral.
What is the short term momentum for SSR MINING INC (SSRM) stock?
The short term momentum for SSR MINING INC (SSRM) is negative.
What is the support and resistance level for SSRM stock?
SSR MINING INC (SSRM) has a support level at 20.26 and a resistance level at 21.64. Check the full technical report for our detailed analysis of SSRM support and resistance levels.