Satsuma Pharmaceuticals Inc (STSA) Stock Technical Analysis
USA - NASDAQ:STSA - US80405P1075 - Common Stock
We assign a technical rating of 4 out of 10 to STSA. In the past year, STSA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is only medium, STSA does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 1.04, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for STSA 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.
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When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.03 to 1.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.67 from a trend line in the daily time frame.
- Support @0.65 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 | DOWN | NEGATIVE | The long term trend for STSA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for STSA is neutral. |
| ChartMill Relative Strength | 13.14 | NEGATIVE | STSA has a low relative strength, it was outperformed by 86.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of STSA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of STSA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of STSA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.82 | NEUTRAL | The RSI value for STSA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests STSA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 75.85 | NEUTRAL | The Stochastics value for STSA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for STSA suggests some volalility. |
| Average Directional Index/ADX (14) | 32.88 | POSITIVE | The high ADX value value for STSA suggests a strong trend. |
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-0.01 (-0.9%)
Satsuma Pharmaceuticals Inc / STSA FAQ
What is the technical rating for STSA stock?
ChartMill assigns a technical rating of 4 / 10 to STSA.
What is the current trend direction of Satsuma Pharmaceuticals Inc (STSA) stock?
The current trend direction for Satsuma Pharmaceuticals Inc (STSA) is Bearish.
What is the RSI signal for STSA stock?
Satsuma Pharmaceuticals Inc (STSA) has an RSI value of 60.8186. This indicates that the stock is currently neutral.
What is the MACD signal for STSA stock?
The MACD indicator for Satsuma Pharmaceuticals Inc (STSA) has a value of -0.00170097, indicating a bearish trend.
Can you provide the support and resistance levels for Satsuma Pharmaceuticals Inc?
Satsuma Pharmaceuticals Inc (STSA) has a support level at 1.04. Check the full technical report for our detailed analysis of STSA support and resistance levels.