SHUTTERSTOCK INC (SSTK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SSTK - US8256901005 - Common Stock
We assign a technical rating of 0 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.
Although the technical rating is bad, SSTK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 18.28, a Stop Loss order could be placed below this zone.
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17.72
When analyzing the support we notice one important area.
- A support zone ranging from 17.90 to 18.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 18.73 to 18.78. 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 19.23 to 19.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @22.99 from a trend line in the weekly time frame.
- Resistance @24.16 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 | DOWN | NEGATIVE | The short term trend for SSTK is down. |
| ChartMill Relative Strength | 11.73 | NEGATIVE | SSTK has a low relative strength, it was outperformed by 88.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SSTK is below a declining 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) | DOWN | NEGATIVE | The current price of SSTK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.17 | NEUTRAL | The RSI value for SSTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SSTK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 23.19 | NEUTRAL | The Stochastics value for SSTK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.47 | MEDIUM VOLATILITY | The ATR as a percentage value for SSTK suggests some volalility. |
| Average Directional Index/ADX (14) | 15.26 | NEGATIVE | The low ADX value for SSTK suggests a weak or negative trend. |
18.29
-0.57 (-3.02%)
SHUTTERSTOCK INC / SSTK FAQ
What is the technical rating for SSTK stock?
ChartMill assigns a technical rating of 0 / 10 to SSTK.
Can you provide the trend direction for SHUTTERSTOCK INC?
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 37.175. 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 negative.
Can you provide the support and resistance levels for SHUTTERSTOCK INC?
SHUTTERSTOCK INC (SSTK) has a support level at 18.28 and a resistance level at 18.73. Check the full technical report for our detailed analysis of SSTK support and resistance levels.