SEASPAN CORPORATION (SSWA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SSWA -
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.
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
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. |
NYSE:SSWA (3/9/2020, 8:05:29 PM)
24.84
-0.36 (-1.43%)
SEASPAN CORPORATION / SSWA FAQ
What is the ChartMill technical rating of SEASPAN CORPORATION (SSWA) stock?
ChartMill assigns a technical rating of 1 / 10 to SSWA.
What is the current trend direction of SEASPAN CORPORATION (SSWA) stock?
The current trend direction for SEASPAN CORPORATION (SSWA) is Bearish.
Can you provide the RSI signal for SEASPAN CORPORATION?
SEASPAN CORPORATION (SSWA) has an RSI value of 27.9607. This indicates that the stock is currently oversold.
What is the short term momentum for SEASPAN CORPORATION (SSWA) stock?
The short term momentum for SEASPAN CORPORATION (SSWA) is negative.
What is the support and resistance level for SSWA stock?
SEASPAN CORPORATION (SSWA) has a support level at 24.83 and a resistance level at 25.21. Check the full technical report for our detailed analysis of SSWA support and resistance levels.