SHARPS TECHNOLOGY INC (STSS) Stock Technical Analysis
NASDAQ:STSS - Nasdaq - US82003F2002 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to STSS. STSS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, STSS is a bad performer in the overall market: 99% of all stocks are doing better.
STSS is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 88% of 187 stocks in the same industry do better.
STSS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month STSS has a been trading in the 4.98 - 7.04 range, which is quite wide. It is currently trading near the lows of this range.
STSS has an average volume of 8611430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, STSS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
4.95
6.38
We found 1 important support area.
- Support @5.00 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @5.88 from a horizontal line in the weekly time frame.
- Resistance @6.32 from a horizontal line in the daily 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 STSS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for STSS is down. |
| ChartMill Relative Strength | 1.53 | NEGATIVE | STSS has a low relative strength, it was outperformed by 98.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of STSS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of STSS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of STSS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.72 | NEUTRAL | The RSI value for STSS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests STSS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.82 | NEUTRAL | The Stochastics value for STSS is a neutral value. |
| Average True Range in percent/ATR (20) | 11.09 | HIGH VOLATILITY | The high ATR as a percentage value for STSS suggests high volalility. |
| Average Directional Index/ADX (14) | 8.62 | NEGATIVE | The low ADX value for STSS 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)
5.7
+0.16 (+2.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg2.89%
1 Week5.75%
2 Weeks13.77%
1 Month52.41%
3 Month-26.36%
6 Month-99.14%
12 Month-99.67%
2 Year-99.9%
3 Year-99.92%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%11.09%
ATR Inc-32.21%
Range Today0.32
ADR(20)0.54
ADR(20)%9.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.53
Mansfield-9.92
10 Day High5.83
10 Day Low5.15
20 Day High7.04
20 Day Low4.98
52 Week High2224.2
52 Week Low3.36
CS1 End5.39
CR1 Start5.56
Volume & EV
DER(3)-1.79%
DER(5)-2.56%
Volume57.80K
Volume Incr-98.37%
Vol(5)44.40K
Vol(50)8.61M