SASOL LTD-SPONSORED ADR (SSL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SSL - US8038663006 - ADR
We assign a technical rating of 4 out of 10 to SSL. In the last year, SSL was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
SSL has an average technical rating and the quality of the presented setup is also not ideal 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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5.42
We found 4 important support areas.
- Support @6.12 from a trend line in the weekly time frame.
- A support zone ranging from 5.99 to 5.99. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @5.75 from a trend line in the daily time frame.
- Support @5.47 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 6.30 to 6.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.97 from a trend line in the weekly time frame.
- A resistance zone ranging from 7.09 to 7.10. This zone is formed by a combination of multiple trend lines in the weekly 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 SSL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SSL is down. |
| ChartMill Relative Strength | 65.65 | NEUTRAL | SSL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SSL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SSL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SSL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.77 | NEUTRAL | The RSI value for SSL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SSL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.43 | NEUTRAL | The Stochastics value for SSL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for SSL suggests some volalility. |
| Average Directional Index/ADX (14) | 15.49 | NEGATIVE | The low ADX value for SSL suggests a weak or negative trend. |
6.26
-0.1 (-1.57%)
SASOL LTD-SPONSORED ADR / SSL FAQ
What is the ChartMill technical rating of SASOL LTD-SPONSORED ADR (SSL) stock?
ChartMill assigns a technical rating of 4 / 10 to SSL.
What is the trend direction for SSL stock?
The current trend direction for SASOL LTD-SPONSORED ADR (SSL) is Bullish.
What is the RSI signal for SASOL LTD-SPONSORED ADR (SSL) stock?
SASOL LTD-SPONSORED ADR (SSL) has an RSI value of 45.7684. This indicates that the stock is currently neutral.
What is the MACD signal for SSL stock?
The MACD indicator for SASOL LTD-SPONSORED ADR (SSL) has a value of -0.039784, indicating a bearish trend.
Can you provide the support and resistance levels for SASOL LTD-SPONSORED ADR?
SASOL LTD-SPONSORED ADR (SSL) has a support level at 6.12 and a resistance level at 6.3. Check the full technical report for our detailed analysis of SSL support and resistance levels.