SEASPAN CORPORATION (SSWA) Stock Technical Analysis
NYSE:SSWA - New York Stock Exchange, Inc. -
We assign a technical rating of 2 out of 10 to SSWA. Although SSWA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
SSWA is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
Warning: SSWA has an average volume of 21996 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the yearly performance of all stocks, we notice that SSWA is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month SSWA has a been trading in a tight range between 24.65 and 25.94.
The technical rating of SSWA is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
23.70
26.70
We found 2 important support areas.
- A support zone ranging from 24.83 to 24.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.94 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.21 to 26.44. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for SSWA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SSWA is down. |
| ChartMill Relative Strength | 90.91 | POSITIVE | SSWA has a high relative strength, it outperformed 90.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SSWA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SSWA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SSWA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 27.96 | OVERSOLD | The low RSI value suggests SSWA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SSWA has a negative trend. |
| Stochastics (14,3) | 16.62 | OVERSOLD | The low Stochastics value suggests SSWA may be oversold. |
| Average True Range in percent/ATR (20) | 0.77 | LOW VOLATILITY | The low ATR as a percentage value for SSWA suggests low volalility. |
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)
NYSE:SSWA (3/9/2020, 8:05:29 PM)
24.84
-0.36 (-1.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.43%
1 Week-1.3%
2 Weeks-3.35%
1 Month-3.69%
3 Month-3.23%
6 Month-5.12%
12 Month-2.32%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%0.77%
ATR Inc78.34%
Range Today0.45
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.91
Mansfield0.55
10 Day High25.7
10 Day Low24.65
20 Day High25.94
20 Day Low24.65
52 Week High26.6
52 Week Low24.65
CS1 End24.83
CR1 Start25.21
Volume & EV
DER(3)-0.31%
DER(5)0.45%
Volume41.30K
Volume Incr-2.93%
Vol(5)22.40K
Vol(50)22.00K