SSTI Technical Analysis - SOUNDTHINKING INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to SSTI. SSTI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

When comparing the yearly performance of all stocks, SSTI is a bad performer in the overall market: 77% of all stocks are doing better.

SSTI is one of the lesser performing stocks in the Software industry. 60% of 279 stocks in the same industry do better.

SSTI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month SSTI has a been trading in the 11.46 - 13.29 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SOUNDTHINKING INC / SSTI Weekly stock chart

SOUNDTHINKING INC / SSTI Daily stock chart

Setup Rating and Analysis

SSTI has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

10.88

14.88

We found 2 important support areas.

Support @11.22 from a trend line in the weekly time frame.
Support @10.99 from a horizontal line in the daily time frame.

We can see 5 important resistance areas.

A resistance zone ranging from 12.22 to 12.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 12.94 to 12.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @13.42 from a trend line in the daily time frame.
Resistance @13.88 from a trend line in the weekly time frame.
Resistance @14.73 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for SSTI is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SSTI is neutral.
ChartMill Relative Strength	23.4	NEGATIVE	SSTI has a low relative strength, it was outperformed by 76.6% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SSTI is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SSTI is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SSTI is below a declining SMA(200).
Relative Strength Index/RSI (14)	41.37	NEUTRAL	The RSI value for SSTI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests SSTI has a negative trend.
Stochastics (14,3)	33.01	NEUTRAL	The Stochastics value for SSTI is a neutral value.
Average True Range in percent/ATR (20)	5.25	HIGH VOLATILITY	The high ATR as a percentage value for SSTI suggests high volalility.
Average Directional Index/ADX (14)	12.41	NEGATIVE	The low ADX value for SSTI suggests a weak or negative trend.