STATE STREET CORP (STT) Stock Technical Analysis
NYSE:STT - New York Stock Exchange, Inc. - US8574771031 - Common Stock - Currency: USD
Overall STT gets a technical rating of 9 out of 10. In the last year, STT was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Besides having an excellent technical rating, STT also presents a decent setup pattern. 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 98.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 96.22, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for STT in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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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77.07
We found 2 important support areas.
- A support zone ranging from 95.53 to 96.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @77.85 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @98.81 from a horizontal line in the daily time frame.
- A resistance zone ranging from 100.78 to 102.23. 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 | UP | POSITIVE | The short term trend for STT is up. |
| ChartMill Relative Strength | 85.43 | POSITIVE | STT has a high relative strength, it outperformed 85.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of STT is above the rising 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) | 59.74 | NEUTRAL | The RSI value for STT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests STT has a negative trend. |
| Stochastics (14,3) | 52.91 | NEUTRAL | The Stochastics value for STT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for STT suggests low volalility. |
| Average Directional Index/ADX (14) | 17.41 | 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 |
|---|---|---|---|
| 96.79 | 95.52 | 1.27 (1.32%) | 25.00% |
| An entry @96.79. This is a Buy Stop order right above the 10 day moving average. | An exit @95.52. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.27 points, which is 1.32%. | For a 0.33% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
96.23
-0.05 (-0.05%)