SHARPS TECHNOLOGY INC -27 (STSSW) Stock Technical Analysis
NASDAQ:STSSW
Taking everything into account, STSSW scores 0 out of 10 in our technical rating. STSSW 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.
- 92% of all other stocks performed better in the past year than STSSW.
- STSSW 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.
- Warning: STSSW has an average volume of 26494 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month STSSW has a been trading in the 0.02 - 0.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, STSSW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.03. Right above this resistance zone may be a good entry point.
More info and screens
0.02
We found 1 important resistance area.
- A resistance zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 STSSW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for STSSW is down. |
| ChartMill Relative Strength | 8.65 | NEGATIVE | STSSW has a low relative strength, it was outperformed by 91.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of STSSW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of STSSW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of STSSW is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.48 | NEUTRAL | The RSI value for STSSW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests STSSW has a positive trend. |
| Stochastics (14,3) | 40.17 | NEUTRAL | The Stochastics value for STSSW is a neutral value. |
| Average True Range in percent/ATR (20) | 23.39 | HIGH VOLATILITY | The high ATR as a percentage value for STSSW suggests high volalility. |
| Average Directional Index/ADX (14) | 20.04 | NEUTRAL | The ADX value for STSSW suggests a possible start of a new trend. |
0.0239
+0 (+5.75%)
SHARPS TECHNOLOGY INC -27 / STSSW FAQ
What is the technical rating for STSSW stock?
ChartMill assigns a technical rating of 0 / 10 to STSSW.
What is the trend direction for STSSW stock?
The current trend direction for SHARPS TECHNOLOGY INC -27 (STSSW) is Bearish.
Can you provide the RSI signal for SHARPS TECHNOLOGY INC -27?
SHARPS TECHNOLOGY INC -27 (STSSW) has an RSI value of 44.4764. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SHARPS TECHNOLOGY INC -27?
The short term momentum for SHARPS TECHNOLOGY INC -27 (STSSW) is negative.
What is the buy/sell signal for SHARPS TECHNOLOGY INC -27 (STSSW) stock?
The buy/sell signal for SHARPS TECHNOLOGY INC -27 (STSSW) is sell as both the short term and long term trends are negative.