SSR MINING INC (SSRM) Stock Technical Analysis
USA - NASDAQ:SSRM - CA7847301032 - Common Stock
23.74 USD
+0.92 (+4.03%)
23.76 USD
+0.02 (+0.08%)
Overall SSRM gets a technical rating of 10 out of 10. Both in the recent history as in the last year, SSRM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that SSRM is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, SSRM also shows a nice and consistent pattern of rising prices.
SSRM is part of the Metals & Mining industry. There are 156 other stocks in this industry. SSRM outperforms 94% of them.
SSRM is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SSRM has a been trading in the 18.12 - 23.76 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
SSRM has an average volume of 3462230 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.
Although SSRM has an excellent technical rating, it does not present a decent entry opportunity 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
13.21
23.98
When analyzing the support we can see 3 important areas.
- A support zone ranging from 21.54 to 21.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @13.56 from a trend line in the weekly time frame.
- Support @13.34 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 | UP | POSITIVE | The short term trend for SSRM is up. |
| ChartMill Relative Strength | 98.36 | POSITIVE | SSRM has a high relative strength, it outperformed 98.36% 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) | 75.43 | OVERBOUGHT | The high RSI value suggests SSRM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests SSRM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 85.25 | OVERBOUGHT | The high Stochastics value suggests SSRM may be overbought. |
| Average True Range in percent/ATR (20) | 3.82 | MEDIUM VOLATILITY | The ATR as a percentage value for SSRM suggests some volalility. |
| Average Directional Index/ADX (14) | 57.01 | 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)
23.74
+0.92 (+4.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg4.03%
1 Week8.9%
2 Weeks4.31%
1 Month28.74%
3 Month92.85%
6 Month118.2%
12 Month297.66%
2 Year78.63%
3 Year61.39%
5 Year27.16%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.95
ATR(20)%3.82%
ATR Inc2.72%
Range Today1.04
ADR(20)0.89
ADR(20)%3.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.36
Mansfield9.95
10 Day High23.76
10 Day Low20.86
20 Day High23.76
20 Day Low18.12
52 Week High23.76
52 Week Low5.06
CS1 End21.63
CR1 StartN/A
Volume & EV
DER(3)-0.02%
DER(5)0.32%
Volume4.16M
Volume Incr38.45%
Vol(5)4.99M
Vol(50)3.46M