SSR MINING INC (SSRM) Stock Technical Analysis
NASDAQ:SSRM - Nasdaq - CA7847301032 - Common Stock - Currency: USD
Overall SSRM gets a technical rating of 10 out of 10. 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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that SSRM is one of the better performing stocks in the market, outperforming 95% of all 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 88% of 155 stocks in the same industry.
SSRM is currently trading near its 52 week high, which is a good sign. 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 12.04 - 13.48 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SSRM has an average volume of 2716260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SSRM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 12.45, a Stop Loss order could be placed below this zone.
More info and screens
11.48
13.32
We found 2 important support areas.
- A support zone ranging from 12.27 to 12.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 11.60 to 11.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @13.19 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 SSRM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SSRM is neutral. |
| ChartMill Relative Strength | 95.76 | POSITIVE | SSRM has a high relative strength, it outperformed 95.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SSRM is below 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) | 52.43 | NEUTRAL | The RSI value for SSRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests SSRM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.02 | NEUTRAL | The Stochastics value for SSRM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for SSRM suggests some volalility. |
| Average Directional Index/ADX (14) | 24.13 | NEUTRAL | The ADX value for SSRM 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)
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 |
|---|---|---|---|
| 13.20 | 12.26 | 0.94 (7.12%) | 14.04% |
| An entry @13.20. This is a Buy Stop order right above the resistance zone. | An exit @12.26. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.94 points, which is 7.12%. | When investing 14.04% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
12.66
+0.24 (+1.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.93%
1 Week-3.95%
2 Weeks0.16%
1 Month2.26%
3 Month18.87%
6 Month70.62%
12 Month147.75%
2 Year-13.05%
3 Year-23.09%
5 Year-47.25%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%4.19%
ATR Inc-39.15%
Range Today0.38
ADR(20)0.5
ADR(20)%3.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.76
Mansfield4.16
10 Day High13.48
10 Day Low12.04
20 Day High13.48
20 Day Low12.04
52 Week High13.48
52 Week Low4.32
CS1 End12.45
CR1 Start13.19
Volume & EV
DER(3)-1.69%
DER(5)-1.31%
Volume2.16M
Volume Incr-21.06%
Vol(5)2.43M
Vol(50)2.72M