Overall SSRM gets a technical rating of 8 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.
Besides having an excellent technical rating, SSRM 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 21.61, a Stop Loss order could be placed below this zone.
More info and screens
15.37
We found 5 important support areas.
- A support zone ranging from 21.20 to 21.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.71 from a trend line in the daily time frame.
- Support @19.94 from a horizontal line in the weekly time frame.
- Support @19.48 from a horizontal line in the daily time frame.
- Support @15.53 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @22.44 from a trend line in the daily time frame.
- Resistance @23.28 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 SSRM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SSRM is neutral. |
| ChartMill Relative Strength | 96.92 | POSITIVE | SSRM has a high relative strength, it outperformed 96.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SSRM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SSRM is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SSRM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.23 | NEUTRAL | The RSI value for SSRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests SSRM has a positive trend. |
| Stochastics (14,3) | 58.28 | NEUTRAL | The Stochastics value for SSRM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.75 | MEDIUM VOLATILITY | The ATR as a percentage value for SSRM suggests some volalility. |
| Average Directional Index/ADX (14) | 13.07 | NEGATIVE | The low ADX value for SSRM 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 |
|---|---|---|---|
| 22.45 | 21.19 | 1.26 (5.61%) | 17.82% |
| An entry @22.45. This is a Buy Stop order right above the resistance zone. | An exit @21.19. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.26 points, which is 5.61%. | For a 1.00% total portfolio risk, you can invest 17.82% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SSRM. 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.
22.21
-0.19 (-0.85%)
SSR MINING INC / SSRM FAQ
Can you provide the ChartMill technical rating for SSR MINING INC?
ChartMill assigns a technical rating of 8 / 10 to SSRM.
What is the current trend direction of SSR MINING INC (SSRM) stock?
The current trend direction for SSR MINING INC (SSRM) is Bullish.
What is the RSI signal for SSR MINING INC (SSRM) stock?
SSR MINING INC (SSRM) has an RSI value of 54.2311. This indicates that the stock is currently neutral.
What is the short term momentum for SSR MINING INC (SSRM) stock?
The short term momentum for SSR MINING INC (SSRM) is neutral.
What is the support and resistance level for SSRM stock?
SSR MINING INC (SSRM) has a support level at 21.61 and a resistance level at 22.44. Check the full technical report for our detailed analysis of SSRM support and resistance levels.