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Satsuma Pharmaceuticals Inc (STSA) Stock Technical Analysis

NASDAQ:STSA - Nasdaq - US80405P1075 - Common Stock - Currency: USD

1.1  -0.01 (-0.9%)

After market: 1.07 -0.03 (-2.73%)

Technical Rating and Analysis

4

Taking everything into account, STSA scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. STSA was also a bad performer in the overall market in the last year.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, STSA is a bad performer in the overall market: 87% of all stocks are doing better.
STSA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month STSA has a been trading in the 1.01 - 1.14 range, which is quite wide. It is currently trading near the high of this range.
STSA has an average volume of 1351750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
STSA is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, STSA did better than 43% of them.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
Satsuma Pharmaceuticals Inc / STSA Weekly stock chart
Satsuma Pharmaceuticals Inc / STSA Daily stock chart
Setup Rating and Analysis

7

Although the technical rating is only medium, STSA does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 1.04, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for STSA in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

0.64

1.11

We found 3 important support areas.

  • A support zone ranging from 1.03 to 1.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @0.67 from a trend line in the daily time frame.
  • Support @0.65 from a horizontal line in the weekly time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.14
Mansfield-6.38
10 Day High1.14
10 Day Low1.01
20 Day High1.14
20 Day Low1.01
52 Week High8.08
52 Week Low0.59
Performance
1 Week4.76%
2 Weeks5.77%
1 Month2.8%
3 Month19.59%
6 Month26.82%
12 Month-67.46%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0
RSI(14)60.82
LBB1.03
UBB1.1
Satsuma Pharmaceuticals Inc / STSA Daily stock chart

Satsuma Pharmaceuticals Inc

NASDAQ:STSA (6/7/2023, 8:00:00 PM)

After market: 1.07 -0.03 (-2.73%)

1.1

-0.01 (-0.9%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.9%
1 Week4.76%
2 Weeks5.77%
1 Month2.8%
3 Month19.59%
6 Month26.82%
12 Month-67.46%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%3.6%
ATR Inc232.69%
Range Today0.13
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.14
Mansfield-6.38
10 Day High1.14
10 Day Low1.01
20 Day High1.14
20 Day Low1.01
52 Week High8.08
52 Week Low0.59
CS1 End1.04
CR1 StartN/A
Volume & EV
DER(3)12.78%
DER(5)7.36%
Volume1.83M
Volume Incr25.93%
Vol(5)601.16K
Vol(50)1.35M