SHUTTERSTOCK INC (SSTK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SSTK - US8256901005 - Common Stock
Overall SSTK gets a technical rating of 1 out of 10. SSTK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 89% of all other stocks performed better in the past year than SSTK.
- SSTK is part of the Interactive Media & Services industry. There are 70 other stocks in this industry, of which 65% are performing better than SSTK.
- SSTK 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 SSTK has a been trading in the 17.95 - 20.03 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SSTK has a poor technical rating and the quality of the setup is also not perfect 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 2 important support areas.
- A support zone ranging from 18.68 to 18.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.90 to 18.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 20.00 to 20.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.22 from a trend line in the weekly time frame.
- Resistance @23.17 from a trend 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 | DOWN | NEGATIVE | The long term trend for SSTK is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SSTK is neutral. |
| ChartMill Relative Strength | 11.55 | NEGATIVE | SSTK has a low relative strength, it was outperformed by 88.45% off all stocks 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) | DOWN | MIXED | The current price of SSTK is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SSTK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.21 | NEUTRAL | The RSI value for SSTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests SSTK has a positive trend. |
| Stochastics (14,3) | 83.96 | OVERBOUGHT | The high Stochastics value suggests SSTK may be overbought. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for SSTK suggests some volalility. |
| Average Directional Index/ADX (14) | 12.3 | NEGATIVE | The low ADX value for SSTK suggests a weak or negative trend. |
19.99
+0.8 (+4.17%)
SHUTTERSTOCK INC / SSTK FAQ
What is the technical rating for SSTK stock?
ChartMill assigns a technical rating of 1 / 10 to SSTK.
What is the trend direction for SSTK stock?
The current trend direction for SHUTTERSTOCK INC (SSTK) is Bearish.
What is the RSI signal for SHUTTERSTOCK INC (SSTK) stock?
SHUTTERSTOCK INC (SSTK) has an RSI value of 58.2134. This indicates that the stock is currently neutral.
What is the MACD signal for SSTK stock?
The MACD indicator for SHUTTERSTOCK INC (SSTK) has a value of 0.162283, indicating a bearish trend.