STRATASYS LTD (SSYS) Stock Technical Analysis
NASDAQ:SSYS - Nasdaq - IL0011267213 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to SSYS. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month SSYS has a been trading in the 10.47 - 12.39 range, which is quite wide. It is currently trading near the lows of this range.
SSYS is one of the better performing stocks in the Machinery industry, it outperforms 72% of 128 stocks in the same industry.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the yearly performance of all stocks, we notice that SSYS is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
SSYS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SSYS is lagging the market.
Although the technical rating is only medium, SSYS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 10.68, a Stop Loss order could be placed below this zone.
More info and screens
8.61
12.32
We found 4 important support areas.
- A support zone ranging from 10.58 to 10.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.77 from a trend line in the daily time frame.
- Support @8.98 from a horizontal line in the weekly time frame.
- Support @8.70 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 10.74 to 11.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.52 to 11.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 11.74 to 11.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 | UP | POSITIVE | The long term trend for SSYS is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SSYS is down. |
| ChartMill Relative Strength | 82.52 | POSITIVE | SSYS has a high relative strength, it outperformed 82.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SSYS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SSYS is below 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) | 44.41 | NEUTRAL | The RSI value for SSYS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests SSYS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.87 | OVERSOLD | The low Stochastics value suggests SSYS may be oversold. |
| Average True Range in percent/ATR (20) | 3.88 | MEDIUM VOLATILITY | The ATR as a percentage value for SSYS suggests some volalility. |
| Average Directional Index/ADX (14) | 14.07 | NEGATIVE | The low ADX value for SSYS suggests a weak or negative 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)
10.72
+0.13 (+1.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg1.23%
1 Week-3.68%
2 Weeks-2.28%
1 Month-8.69%
3 Month-2.55%
6 Month-12.06%
12 Month48.89%
2 Year-27.07%
3 Year-37.89%
5 Year-27.86%
10 Year-65.04%
15 Year-52.8%
Volatility
ATR(14)0.46
ATR(20)%3.88%
ATR Inc-32.47%
Range Today0.22
ADR(20)0.41
ADR(20)%3.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.52
Mansfield0.51
10 Day High12.39
10 Day Low10.47
20 Day High12.39
20 Day Low10.47
52 Week High12.88
52 Week Low6.05
CS1 End10.68
CR1 Start10.74
Volume & EV
DER(3)0.4%
DER(5)0.14%
Volume220.80K
Volume Incr-26.85%
Vol(5)336.42K
Vol(50)423.18K