STATE STREET CORP (STT)       61.28  -1.33 (-2.12%)

61.28  -1.33 (-2.12%)

US8574771031 - Common Stock - Premarket: 60.9 -0.38 (-0.62%)

Technical Rating

1

We assign a technical rating of 1 out of 10 to STT. STT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



STT has an average volume of 1741380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, STT turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
STT is part of the Capital Markets industry. There are 202 other stocks in this industry, STT did better than 52% of them.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
STT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
In the last month STT has a been trading in the 60.30 - 74.74 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.

Statistics

1 Month 3 Months 6 Months 12 Months -10.83% -3.31% -28.59% -29.08% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 45.32 58.795 - 104.87
STT Weekly chart
STT Daily chart

Support/Resistance Analysis


60.66

75.68
When analyzing the support we notice one important area.
  • Support @61.27 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
  • A resistance zone ranging from 67.41 to 69.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 72.21 to 72.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Resistance @74.93 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

1

The technical rating of STT is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.


STT Daily chart

STATE STREET CORP61.28

NYSE:STT (9/27/2022, 7:16:28 PM)-1.33 (-2.12%)

Premarket: 60.9 -0.38 (-0.62%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Capital Markets
Performance
Today -2.12% 1 Week -11.12%
2 Weeks -15.04% 1 Month -10.83%
3 Month -3.31% 6 Month -28.59%
Volatility
ATR(14) 2.31 ATR(20)% 3.63%
ATR Inc 10.63% Range Today 3.13
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 45.32 Mansfield -1.08
10 Day High 72.82 10 Day Low 60.3
20 Day High 74.74 20 Day Low 60.3
52 Week High 104.87 52 Week Low 58.8
CS1 End 61.27 CR1 Start 67.41
Volume & EV
DER(3) -0.82% DER(5) -2.68%
Volume 2.81M Volume Incr 36.29%
Vol(5) 2.34M Vol(50) 1.74M

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