SOUTHSTATE BANK CORP (SSB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SSB - US84472E1029 - Common Stock
We assign a technical rating of 3 out of 10 to SSB. In the past year, SSB was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The technical rating of SSB is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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84.28
When analyzing the support we can see 2 important areas.
- A support zone ranging from 87.85 to 92.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 85.13 to 85.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- Resistance @100.17 from a trend line in the weekly time frame.
- A resistance zone ranging from 103.01 to 103.55. 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 | NEUTRAL | NEUTRAL | The long term trend for SSB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SSB is up. |
| ChartMill Relative Strength | 24.42 | NEGATIVE | SSB has a low relative strength, it was outperformed by 75.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SSB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SSB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SSB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.41 | NEUTRAL | The RSI value for SSB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.92 | POSITIVE | The MACD value suggests SSB has a positive trend. |
| Stochastics (14,3) | 91.24 | OVERBOUGHT | The high Stochastics value suggests SSB may be overbought. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for SSB suggests some volalility. |
| Average Directional Index/ADX (14) | 21.02 | NEUTRAL | The ADX value for SSB suggests a possible start of a new trend. |
96.08
+0.93 (+0.98%)
SOUTHSTATE BANK CORP / SSB FAQ
What is the ChartMill technical rating of SOUTHSTATE BANK CORP (SSB) stock?
ChartMill assigns a technical rating of 3 / 10 to SSB.
What is the trend direction for SSB stock?
The current trend direction for SOUTHSTATE BANK CORP (SSB) is Bearish.
What is the RSI signal for SOUTHSTATE BANK CORP (SSB) stock?
SOUTHSTATE BANK CORP (SSB) has an RSI value of 67.4072. This indicates that the stock is currently neutral.
What are the support and resistance levels for SOUTHSTATE BANK CORP (SSB) stock?
SOUTHSTATE BANK CORP (SSB) has a support level at 92.66 and a resistance level at 100.17. Check the full technical report for our detailed analysis of SSB support and resistance levels.