SHUTTERSTOCK INC (SSTK) Stock Technical Analysis
USA - NYSE:SSTK - US8256901005 - Common Stock
Overall SSTK gets a technical rating of 8 out of 10. Although SSTK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
SSTK has an excellent technical rating, but the quality of the setup is only medium 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
17.72
We found 4 important support areas.
- A support zone ranging from 21.79 to 21.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.34 from a horizontal line in the daily time frame.
- Support @20.99 from a trend line in the daily time frame.
- Support @17.90 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @25.64 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 26.41 to 26.48. This zone is formed by a combination of multiple trend lines 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 SSTK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SSTK is up. |
| ChartMill Relative Strength | 50.44 | NEUTRAL | SSTK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SSTK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SSTK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SSTK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.48 | NEUTRAL | The RSI value for SSTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests SSTK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.15 | NEUTRAL | The Stochastics value for SSTK is a neutral value. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for SSTK suggests high volalility. |
| Average Directional Index/ADX (14) | 24.1 | NEUTRAL | The ADX value for SSTK suggests a possible start of a new trend. |
24.72
-0.59 (-2.33%)
SHUTTERSTOCK INC / SSTK FAQ
What is the technical rating for SSTK stock?
ChartMill assigns a technical rating of 8 / 10 to SSTK.
Can you provide the trend direction for SHUTTERSTOCK INC?
The current trend direction for SHUTTERSTOCK INC (SSTK) is Bullish.
What is the RSI signal for SHUTTERSTOCK INC (SSTK) stock?
SHUTTERSTOCK INC (SSTK) has an RSI value of 57.4801. This indicates that the stock is currently neutral.
What is the short term momentum for SSTK stock?
The short term momentum for SHUTTERSTOCK INC (SSTK) is positive.
Can you provide the support and resistance levels for SHUTTERSTOCK INC?
SHUTTERSTOCK INC (SSTK) has a support level at 21.96 and a resistance level at 25.64. Check the full technical report for our detailed analysis of SSTK support and resistance levels.