SUNLINK HEALTH SYSTEMS INC (SSY) Stock Technical Analysis
NYSEARCA:SSY - US86737U1025 - Common Stock
1.115 USD
+0.16 (+16.15%)
1.0701 USD
-0.04 (-4.03%)
Overall SSY gets a technical rating of 6 out of 10. SSY was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
SSY is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 85% of 101 stocks in the same industry.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Looking at the yearly performance, SSY did better than 87% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
SSY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SSY is lagging the market.
In the last month SSY has a been trading in the 0.90 - 1.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, SSY does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 1.03, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SSY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.84
1.14
We found 3 important support areas.
- A support zone ranging from 1.01 to 1.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.89 to 0.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.85 to 0.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.12 to 1.13. 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 | NEUTRAL | NEUTRAL | The long term trend for SSY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SSY is neutral. |
| ChartMill Relative Strength | 87.81 | POSITIVE | SSY has a high relative strength, it outperformed 87.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SSY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SSY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SSY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.47 | NEUTRAL | The RSI value for SSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SSY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.87 | OVERSOLD | The low Stochastics value suggests SSY may be oversold. |
| Average True Range in percent/ATR (20) | 14.09 | HIGH VOLATILITY | The high ATR as a percentage value for SSY suggests high volalility. |
| Average Directional Index/ADX (14) | 23.98 | NEUTRAL | The ADX value for SSY suggests a possible start of a new trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.14 | 1.00 | 0.14 (12.28%) | 8.14% |
| An entry @1.14. This is a Buy Stop order right above the resistance zone. | An exit @1.00. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.14 points, which is 12.28%. | For a 1.00% total portfolio risk, you can invest 8.14% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SSY. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.115
+0.16 (+16.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg16.15%
1 Week3.24%
2 Weeks4.21%
1 Month-0.45%
3 Month34.99%
6 Month15.9%
12 Month32.74%
2 Year14.95%
3 Year-22.03%
5 Year9.31%
10 Year-32.42%
15 Year-38.4%
Volatility
ATR(14)0.15
ATR(20)%14.09%
ATR Inc7.28%
Range Today0.27
ADR(20)0.15
ADR(20)%13.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.81
Mansfield1.2
10 Day High1.21
10 Day Low0.9
20 Day High1.44
20 Day Low0.9
52 Week High1.91
52 Week Low0.62
CS1 End1.03
CR1 Start1.12
Volume & EV
DER(3)3.48%
DER(5)-1.64%
Volume293.20K
Volume Incr-21.4%
Vol(5)223.22K
Vol(50)220.76K