SURO CAPITAL CORP (SSSS) Stock Technical Analysis
NASDAQ:SSSS • US86887Q1094
Taking everything into account, SSSS scores 5 out of 10 in our technical rating. Although SSSS is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Looking at the yearly performance, SSSS did better than 80% of all other stocks.
- SSSS is one of the better performing stocks in the Capital Markets industry, it outperforms 87% of 238 stocks in the same industry.
- SSSS 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 SSSS is lagging the market slightly.
- In the last month SSSS has a been trading in the 8.70 - 9.89 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.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Although the technical rating is only medium, SSSS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 9.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.35, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SSSS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.31
When analyzing the support we can see 4 important areas.
- A support zone ranging from 9.29 to 9.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.14 from a trend line in the daily time frame.
- A support zone ranging from 8.64 to 8.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.36 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 9.66 to 9.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 10.20 to 10.23. 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 | NEUTRAL | NEUTRAL | The long term trend for SSSS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SSSS is neutral. |
| ChartMill Relative Strength | 80.47 | POSITIVE | SSSS has a high relative strength, it outperformed 80.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SSSS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SSSS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SSSS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.48 | NEUTRAL | The RSI value for SSSS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SSSS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.04 | NEUTRAL | The Stochastics value for SSSS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for SSSS suggests some volalility. |
| Average Directional Index/ADX (14) | 12.51 | NEGATIVE | The low ADX value for SSSS suggests a weak or negative trend. |
9.38
-0.3 (-3.1%)
SURO CAPITAL CORP / SSSS FAQ
Can you provide the ChartMill technical rating for SURO CAPITAL CORP?
ChartMill assigns a technical rating of 5 / 10 to SSSS.
What is the trend direction for SSSS stock?
The current trend direction for SURO CAPITAL CORP (SSSS) is Bearish.
What is the RSI signal for SURO CAPITAL CORP (SSSS) stock?
SURO CAPITAL CORP (SSSS) has an RSI value of 49.4773. This indicates that the stock is currently neutral.
What is the MACD signal for SSSS stock?
The MACD indicator for SURO CAPITAL CORP (SSSS) has a value of 0.0202951, indicating a bearish trend.