STRATASYS LTD (SSYS) Stock Technical Analysis
NASDAQ:SSYS - Nasdaq - IL0011267213 - Common Stock - Currency: USD
Taking everything into account, SSYS scores 6 out of 10 in our technical rating. SSYS has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, SSYS did better than 78% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
SSYS is an average performer in the Machinery industry, it outperforms 68% of 128 stocks in the same industry.
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.
In the last month SSYS has a been trading in the 9.91 - 11.31 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, SSYS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 10.20, 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.
More info and screens
8.61
11.66
4 important support areas can be observed.
- A support zone ranging from 10.19 to 10.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.35 from a trend line in the daily time frame.
- A support zone ranging from 8.98 to 9.01. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @8.70 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 10.45 to 10.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.17 to 11.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.54 from a trend 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 | NEUTRAL | NEUTRAL | The short term trend for SSYS is neutral. |
| ChartMill Relative Strength | 78.79 | POSITIVE | SSYS has a high relative strength, it outperformed 78.79% 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 | 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) | 49.02 | NEUTRAL | The RSI value for SSYS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SSYS has a negative trend. |
| Stochastics (14,3) | 61.09 | NEUTRAL | The Stochastics value for SSYS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for SSYS suggests some volalility. |
| Average Directional Index/ADX (14) | 14.57 | 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)
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 |
|---|---|---|---|
| 10.46 | 10.18 | 0.28 (2.71%) | 25.00% |
| An entry @10.46. This is a Buy Stop order right above the 10 day moving average. | An exit @10.18. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.28 points, which is 2.71%. | For a 0.68% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
10.39
-0.26 (-2.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-2.44%
1 Week-0.19%
2 Weeks-0.95%
1 Month-5.2%
3 Month5.27%
6 Month3.08%
12 Month23.4%
2 Year-41.5%
3 Year-44.56%
5 Year-34.49%
10 Year-70.25%
15 Year-57.7%
Volatility
ATR(14)0.29
ATR(20)%2.93%
ATR Inc-27.32%
Range Today0.24
ADR(20)0.28
ADR(20)%2.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.79
Mansfield0.86
10 Day High10.94
10 Day Low9.91
20 Day High11.31
20 Day Low9.91
52 Week High12.88
52 Week Low6.05
CS1 End10.2
CR1 Start10.45
Volume & EV
DER(3)-5.3%
DER(5)-3.02%
Volume296.85K
Volume Incr-28.38%
Vol(5)352.82K
Vol(50)463.59K