STRATASYS LTD (SSYS) Stock Technical Analysis
USA - NASDAQ:SSYS - IL0011267213 - Common Stock
Overall SSYS gets a technical rating of 10 out of 10. In the last year, SSYS was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Besides having an excellent technical rating, SSYS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 11.13, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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9.41
5 important support areas can be observed.
- Support @11.13 from a horizontal line in the daily time frame.
- A support zone ranging from 10.83 to 10.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.41 to 10.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.06 from a trend line in the weekly time frame.
- A support zone ranging from 9.50 to 9.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @12.20 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for SSYS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SSYS is up. |
| ChartMill Relative Strength | 89.88 | POSITIVE | SSYS has a high relative strength, it outperformed 89.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SSYS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SSYS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SSYS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.32 | NEUTRAL | The RSI value for SSYS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SSYS has a positive trend. |
| Stochastics (14,3) | 53.53 | NEUTRAL | The Stochastics value for SSYS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.61 | HIGH VOLATILITY | The high ATR as a percentage value for SSYS suggests high volalility. |
| Average Directional Index/ADX (14) | 17.15 | NEGATIVE | The low ADX value for SSYS suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 12.21 | 11.12 | 1.09 (8.93%) | 11.20% |
| An entry @12.21. This is a Buy Stop order right above the resistance zone. | An exit @11.12. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.09 points, which is 8.93%. | When investing 11.20% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SSYS. 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.
11.99
+0.21 (+1.78%)
STRATASYS LTD / SSYS FAQ
What is the technical rating for SSYS stock?
ChartMill assigns a technical rating of 10 / 10 to SSYS.
What is the trend direction for SSYS stock?
The current trend direction for STRATASYS LTD (SSYS) is Bearish.
What is the RSI signal for STRATASYS LTD (SSYS) stock?
STRATASYS LTD (SSYS) has an RSI value of 56.3161. This indicates that the stock is currently neutral.
What is the MACD signal for STRATASYS LTD (SSYS) stock?
The MACD indicator for STRATASYS LTD (SSYS) has a value of 0.0365245, indicating a bearish trend.
What are the support and resistance levels for STRATASYS LTD (SSYS) stock?
STRATASYS LTD (SSYS) has a support level at 11.13 and a resistance level at 12.2. Check the full technical report for our detailed analysis of SSYS support and resistance levels.