SHUTTERSTOCK INC (SSTK) Stock Technical Analysis
NYSE:SSTK - New York Stock Exchange, Inc. - US8256901005 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to SSTK. In the last year, SSTK was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
89% of all other stocks performed better in the past year than SSTK.
SSTK is one of the lesser performing stocks in the Interactive Media & Services industry. 76% of 70 stocks in the same industry do better.
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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month SSTK has a been trading in the 17.90 - 22.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SSTK has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 19.14, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
17.39
21.77
We found 3 important support areas.
- A support zone ranging from 18.96 to 19.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.90 from a horizontal line in the daily time frame.
- A support zone ranging from 17.57 to 17.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @20.15 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 21.48 to 21.55. 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 SSTK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SSTK is up. |
| ChartMill Relative Strength | 11.92 | NEGATIVE | SSTK has a low relative strength, it was outperformed by 88.08% 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) | UP | POSITIVE | The current price of SSTK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SSTK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.11 | NEUTRAL | The RSI value for SSTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests SSTK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.48 | NEUTRAL | The Stochastics value for SSTK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.7 | MEDIUM VOLATILITY | The ATR as a percentage value for SSTK suggests some volalility. |
| Average Directional Index/ADX (14) | 20.33 | NEUTRAL | The ADX value for SSTK 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 |
|---|---|---|---|
| 20.16 | 18.95 | 1.21 (6.00%) | 16.66% |
| An entry @20.16. This is a Buy Stop order right above the resistance zone. | An exit @18.95. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.21 points, which is 6.00%. | For a 1.00% total portfolio risk, you can invest 16.66% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SSTK. Please evaluate whether better entry and exit points can be found.
- 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.
20.08
-0.28 (-1.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-1.38%
1 Week7.61%
2 Weeks-0.35%
1 Month4.64%
3 Month7.84%
6 Month-36.4%
12 Month-45.06%
2 Year-52.32%
3 Year-63.76%
5 Year-60.1%
10 Year-40.08%
15 YearN/A
Volatility
ATR(14)1.08
ATR(20)%4.7%
ATR Inc34.78%
Range Today1
ADR(20)0.9
ADR(20)%4.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.92
Mansfield-2.81
10 Day High22
10 Day Low18.37
20 Day High22
20 Day Low17.9
52 Week High38.8
52 Week Low14.35
CS1 End19.14
CR1 Start20.15
Volume & EV
DER(3)2.07%
DER(5)-0.5%
Volume286.00K
Volume Incr26.81%
Vol(5)358.24K
Vol(50)291.42K