SHUTTERSTOCK INC (SSTK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SSTK - US8256901005 - Common Stock
We assign a technical rating of 1 out of 10 to SSTK. SSTK 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 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.
- When comparing the yearly performance of all stocks, SSTK is a bad performer in the overall market: 89% of all stocks are doing better.
- SSTK is one of the lesser performing stocks in the Interactive Media & Services industry. 65% 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.
- In the last month SSTK has a been trading in the 17.95 - 19.66 range, which is quite wide. It is currently trading near the high of this range.
Although the technical rating is bad, SSTK does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 19.40. Right above this resistance zone may be a good entry point.
More info and screens
17.72
3 important support areas can be observed.
- Support @19.23 from a horizontal line in the daily time frame.
- A support zone ranging from 18.60 to 18.90. 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 19.40 to 19.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @21.51 from a trend line in the weekly time frame.
- Resistance @23.33 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 | 11.54 | NEGATIVE | SSTK has a low relative strength, it was outperformed by 88.46% 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 | NEGATIVE | The current price of SSTK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SSTK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.87 | NEUTRAL | The RSI value for SSTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests SSTK has a positive trend. |
| Stochastics (14,3) | 76.89 | NEUTRAL | The Stochastics value for SSTK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for SSTK suggests some volalility. |
| Average Directional Index/ADX (14) | 10.27 | NEGATIVE | The low ADX value for SSTK suggests a weak or negative trend. |
19.34
+0.04 (+0.21%)
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 52.8695. 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 0.111292, indicating a bearish trend.