SEASPAN CORPORATION 6.375% PREF 2019 (SSWN) Stock Technical Analysis
NYSE:SSWN - New York Stock Exchange, Inc. -
Taking everything into account, SSWN scores 1 out of 10 in our technical rating. SSWN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, SSWN 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 24.98, a Stop Loss order could be placed below this zone.
More info and screens
24.70
We found 1 important support area.
- A support zone ranging from 24.95 to 24.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.07 to 25.63. 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 SSWN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SSWN is down. |
| ChartMill Relative Strength | 44.21 | NEUTRAL | SSWN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SSWN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SSWN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SSWN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 24.42 | OVERSOLD | The low RSI value suggests SSWN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SSWN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.76 | OVERSOLD | The low Stochastics value suggests SSWN may be oversold. |
| Average True Range in percent/ATR (20) | 0.14 | LOW VOLATILITY | The low ATR as a percentage value for SSWN suggests low volalility. |
SEASPAN CORPORATION 6.375% PREF 2019
NYSE:SSWN (4/29/2019, 8:04:04 PM)
24.99
0 (0%)