STATE STREET CORP (STT) Stock Technical Analysis
USA - NYSE:STT - US8574771031 - Common Stock
Taking everything into account, STT scores 6 out of 10 in our technical rating. In the last year, STT was one of the better performers, but we do observe some doubts in the very recent evolution.
Although the technical rating is only medium, STT 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 116.15, a Stop Loss order could be placed below this zone.
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79.39
4 important support areas can be observed.
- A support zone ranging from 113.13 to 116.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 110.49 to 111.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @108.59 from a horizontal line in the daily time frame.
- Support @80.19 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @118.68 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 | 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 | 78.69 | POSITIVE | STT has a high relative strength, it outperformed 78.69% 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) | 52.5 | NEUTRAL | The RSI value for STT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests STT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.47 | NEUTRAL | The Stochastics value for STT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for STT suggests some volalility. |
| Average Directional Index/ADX (14) | 12.87 | 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 |
|---|---|---|---|
| 116.39 | 113.12 | 3.27 (2.81%) | 25.00% |
| An entry @116.39. This is a Buy Stop order right above the resistance zone. | An exit @113.12. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.27 points, which is 2.81%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.70%. |
- The distance between exit and entry is rather small compared to the average daily movement of STT. 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.
116.9
+0.75 (+0.65%)
STATE STREET CORP / STT FAQ
What is the technical rating for STT stock?
ChartMill assigns a technical rating of 6 / 10 to STT.
What is the current trend direction of STATE STREET CORP (STT) stock?
The current trend direction for STATE STREET CORP (STT) is Bullish.
What is the RSI signal for STT stock?
STATE STREET CORP (STT) has an RSI value of 52.5037. This indicates that the stock is currently neutral.
What is the short term momentum for STATE STREET CORP (STT) stock?
The short term momentum for STATE STREET CORP (STT) is neutral.
Can you provide the support and resistance levels for STATE STREET CORP?
STATE STREET CORP (STT) has a support level at 116.15 and a resistance level at 116.38. Check the full technical report for our detailed analysis of STT support and resistance levels.