STATE STREET CORP (STT) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:STT • US8574771031
Overall STT gets a technical rating of 9 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.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, STT did better than 81% of all other stocks. On top of that, STT also shows a nice and consistent pattern of rising prices.
- STT is one of the better performing stocks in the Capital Markets industry, it outperforms 85% of 238 stocks in the same industry.
- STT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month STT has a been trading in the 123.12 - 137.05 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- STT has an average volume of 2145710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, STT also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 131.26, a Stop Loss order could be placed below this zone.
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81.15
We found 4 important support areas.
- A support zone ranging from 125.30 to 131.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @121.19 from a trend line in the daily time frame.
- Support @108.59 from a horizontal line in the daily time frame.
- Support @81.97 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @132.58 from a horizontal line in the weekly time frame.
- Resistance @136.30 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 | 81.91 | POSITIVE | STT has a high relative strength, it outperformed 81.91% 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) | 54.02 | NEUTRAL | The RSI value for STT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests STT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.27 | OVERBOUGHT | The high Stochastics value suggests STT may be overbought. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for STT suggests some volalility. |
| Average Directional Index/ADX (14) | 13.93 | 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 |
|---|---|---|---|
| 132.59 | 127.13 | 5.47 (4.12%) | 24.26% |
| An entry @132.59. This is a Buy Stop order right above the resistance zone. | An exit @127.13. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.47 points, which is 4.12%. | When investing 24.26% 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.
132.23
-2.05 (-1.53%)
STATE STREET CORP / STT FAQ
What is the technical rating for STT stock?
ChartMill assigns a technical rating of 9 / 10 to STT.
What is the trend direction for 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 54.0247. This indicates that the stock is currently neutral.
What is the MACD signal for STT stock?
The MACD indicator for STATE STREET CORP (STT) has a value of 0.212665, indicating a bearish trend.