SSR MINING INC (SSRM) Stock Technical Analysis
USA - NASDAQ:SSRM - CA7847301032 - Common Stock
22.45 USD
+0.32 (+1.45%)
22.43 USD
-0.02 (-0.09%)
We assign a technical rating of 9 out of 10 to SSRM. In the last year, SSRM was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month SSRM has a been trading in the 21.13 - 25.98 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 neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, SSRM did better than 98% of all other stocks. We also observe that the gains produced by SSRM over the past year are nicely spread over this period.
SSRM is one of the better performing stocks in the Metals & Mining industry, it outperforms 93% of 155 stocks in the same industry.
SSRM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SSRM is lagging the market slightly.
SSRM has an average volume of 3647250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, SSRM also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 22.44, a Stop Loss order could be placed below this zone.
More info and screens
13.88
22.67
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.13 to 22.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.28 from a trend line in the weekly time frame.
- Support @14.02 from a trend line 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 | NEUTRAL | NEUTRAL | The short term trend for SSRM is neutral. |
| ChartMill Relative Strength | 98.31 | POSITIVE | SSRM has a high relative strength, it outperformed 98.31% 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 | 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) | 47.56 | NEUTRAL | The RSI value for SSRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests SSRM has a negative trend. |
| Stochastics (14,3) | 35.44 | NEUTRAL | The Stochastics value for SSRM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.73 | HIGH VOLATILITY | The high ATR as a percentage value for SSRM suggests high volalility. |
| Average Directional Index/ADX (14) | 27.32 | 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)
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 |
|---|---|---|---|
| 23.65 | 22.12 | 1.53 (6.45%) | 15.50% |
| An entry @23.65. This is a Buy Stop order right above the 10 day moving average. | An exit @22.12. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.53 points, which is 6.45%. | When investing 15.50% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SSRM. Please evaluate whether better entry and exit points can be found.
- 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.
22.45
+0.32 (+1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.45%
1 Week-11.65%
2 Weeks-4.51%
1 Month-1.62%
3 Month79.89%
6 Month119.02%
12 Month265.04%
2 Year61.74%
3 Year62.68%
5 Year21.29%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.38
ATR(20)%5.73%
ATR Inc78.13%
Range Today1.46
ADR(20)1.12
ADR(20)%5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.31
3 months CRS97.53
6 months CRS95.39
Mansfield6.84
10 Day High25.98
10 Day Low21.13
20 Day High25.98
20 Day Low21.13
52 Week High25.98
52 Week Low5.06
CS1 End22.44
CR1 StartN/A
Volume & EV
DER(3)1.69%
DER(5)-0.66%
Volume3.29M
Volume Incr-10.78%
Vol(5)3.46M
Vol(50)3.65M