STATE STREET CORP (STT) Stock Technical Analysis
USA - NYSE:STT - US8574771031 - Common Stock
Overall STT gets a technical rating of 6 out of 10. 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.
Although the technical rating is only medium, STT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 115.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 113.17, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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.
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79.88
When analyzing the support we can see 4 important areas.
- A support zone ranging from 110.39 to 113.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @108.59 from a horizontal line in the daily time frame.
- Support @99.56 from a horizontal line in the daily time frame.
- Support @80.69 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 115.48 to 115.82. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for STT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for STT is neutral. |
| ChartMill Relative Strength | 77.61 | POSITIVE | STT has a high relative strength, it outperformed 77.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of STT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of STT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of STT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.93 | NEUTRAL | The RSI value for STT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests STT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.89 | NEUTRAL | The Stochastics value for STT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for STT suggests low volalility. |
| Average Directional Index/ADX (14) | 14.8 | NEGATIVE | The low ADX value for STT suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 115.83 | 110.38 | 5.45 (4.71%) | 21.25% |
| An entry @115.83. This is a Buy Stop order right above the resistance zone. | An exit @110.38. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.45 points, which is 4.71%. | When investing 21.25% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
113.32
-0.18 (-0.16%)