SOUTHSTATE CORP. - Daily - Technical analysis published on 12/02/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 82.43 USD
My targets
84.13 USD (+1.02%)
88.85 USD (+6.69%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SOUTH STATE CORP. as long as the price remains well above 82.43 USD. The buyers” bullish objective is set at 84.13 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 88.85 USD. If there is any crossing, the next objective would be the resistance located at 92.74 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOUTH STATE CORP. price is 83.28 USD. The price has increased by +0.14% since the last closing and was traded between 82.85 USD and 84.50 USD over the period. The price is currently at +0.52% from its lowest and -1.44% from its highest.82.85
84.50
83.28
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SOUTH STATE CORP. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 76.25 | 80.88 | 82.43 | 83.28 | 84.13 | 88.85 | 92.74 |
| Change (%) | -8.44% | -2.88% | -1.02% | - | +1.02% | +6.69% | +11.36% |
| Change | -7.03 | -2.40 | -0.85 | - | +0.85 | +5.57 | +9.46 |
| Level | Major | Major | Intermediate | - | Major | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 81.84 | 82.19 | 82.68 | 83.03 | 83.52 | 83.87 | 84.36 |
| Camarilla | 82.93 | 83.01 | 83.08 | 83.16 | 83.24 | 83.31 | 83.39 |
| Woodie | 81.90 | 82.23 | 82.74 | 83.07 | 83.58 | 83.91 | 84.42 |
| Fibonacci | 82.19 | 82.51 | 82.71 | 83.03 | 83.35 | 83.55 | 83.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.45 | 78.62 | 80.34 | 81.51 | 83.23 | 84.40 | 86.12 |
| Camarilla | 81.26 | 81.52 | 81.79 | 82.05 | 82.32 | 82.58 | 82.85 |
| Woodie | 77.72 | 78.76 | 80.61 | 81.65 | 83.50 | 84.54 | 86.39 |
| Fibonacci | 78.62 | 79.73 | 80.41 | 81.51 | 82.62 | 83.30 | 84.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.45 | 70.35 | 74.38 | 77.28 | 81.31 | 84.21 | 88.25 |
| Camarilla | 76.51 | 77.15 | 77.79 | 78.42 | 79.06 | 79.69 | 80.33 |
| Woodie | 68.02 | 70.63 | 74.95 | 77.56 | 81.89 | 84.49 | 88.82 |
| Fibonacci | 70.35 | 72.99 | 74.63 | 77.28 | 79.92 | 81.56 | 84.21 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 71.15 | |
| MACD (12,26,9): | 1.2600 | |
| Directional Movement: | 22.49 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 83.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 79.87 | |
| Elder Ray (13): | 1.72 | |
| Super Trend (3,10): | 79.79 | |
| Zig ZAG (10): | 83.28 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 79.66 | |
| TEMA (21): | 83.17 | |
| Williams %R (14): | -25.96 | |
| Chande Momentum Oscillator (20): | 1.50 | |
| Repulse (5,40,3): | 0.6600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2300 | |
| Courbe Coppock: | 3.10 |
| MA7: | 82.40 | |
| MA20: | 81.64 | |
| MA50: | 78.25 | |
| MA100: | 76.57 | |
| MAexp7: | 82.52 | |
| MAexp20: | 81.32 | |
| MAexp50: | 79.11 | |
| MAexp100: | 76.89 | |
| Price / MA7: | +1.07% | |
| Price / MA20: | +2.01% | |
| Price / MA50: | +6.43% | |
| Price / MA100: | +8.76% | |
| Price / MAexp7: | +0.92% | |
| Price / MAexp20: | +2.41% | |
| Price / MAexp50: | +5.27% | |
| Price / MAexp100: | +8.31% |
News
Don"t forget to follow the news on SOUTH STATE CORP.. At the time of publication of this analysis, the latest news was as follows:
- South State Corporation to Announce Third Quarter 2019 Financial Results and Host Conference Call October 29, 2019
- South State Bank Named to Forbes’ 100 Best Banks in America & Women’s Choice Award® Best Companies for Women Lists
- South State Bank Earns 12 Greenwich Excellence and Best Brand Awards
- Greg Lapointe Named President of South State Bank
- South State Earns Top Honors in S.C.
This member declared not having a position on this financial instrument or a related financial instrument.
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