RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SSB
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South State Corporation stock price ended at $89.98 on Friday, after gaining 1.17%.
(Updated on Jul 19, 2024)

Buy or Hold candidate since Jul 10, 2024 Gain 15.11% PDF

The South State Corporation stock price gained 1.17% on the last trading day (Friday, 19th Jul 2024), rising from $88.94 to $89.98. During the last trading day the stock fluctuated 2.33% from a day low at $88.52 to a day high of $90.58. The price has risen in 9 of the last 10 days and is up by 19.23% over the past 2 weeks. Volume fell on the last day by -35 thousand shares and in total, 466 thousand shares were bought and sold for approximately $41.90 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $90.57 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect South State Corporation stock with a 90% probability to be traded between $73.03 and $92.05 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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SSB Signals & Forecast

The South State Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $87.43 and $77.15. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, July 17, 2024, and so far it has fallen -0.597%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for South State Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $79.87 and $78.25. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, South State Corporation finds support just below today's level at $79.87. If this is broken, then the next support from accumulated volume will be at $78.25 and $72.83.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.06 between high and low, or 2.33%. For the last week, the stock has had daily average volatility of 3.28%.

The South State Corporation stock is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the stock is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $87.37 (-2.90%) (This stock has high daily movements and this gives high risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from a pivot top found 23 days ago.)

Trading Expectations (SSB) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect South State Corporation to open at $89.69, and during the day (based on 14 day Average True Range), to move between $87.72 and $92.24, which gives a possible trading interval of +/-$2.26 (+/-2.51%) up or down from last closing price. If South State Corporation takes out the full calculated possible swing range there will be an estimated 5.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $90.15 (0.19%) than the support at $79.87 (11.24%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Earnings coming up

South State Corporation will release earnings AMC on Wednesday, July 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.53. We will update the financials statements for South State Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.60% in the first trading day after earnings release.

Is South State Corporation stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for South State Corporation stock to perform well in the short-term period.

Current score: 1.197 Buy Candidate Unchanged

Predicted Opening Price for South State Corporation of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$89.69 ( 0.319%) $89.98

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SSB

Fibonacci Support & Resistance Levels

Level Price
R3 91.75 1.97%
R2 90.97 1.10%
R1 90.48 0.556%
Price 89.98
S1 88.91 -1.19%
S2 88.42 -1.73%
S3 87.63 -2.61%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 90.52 0.600%
R1 90.15 0.189%
Price 89.98
S1 79.87 -11.24%
S2 78.25 -13.04%
S3 72.83 -19.06%

SSB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 25, 2024 May 09, 2024 May 17, 2024 $0.520 0.643%
2 Jan 24, 2024 Feb 08, 2024 Feb 16, 2024 $0.520 0.609%
3 Oct 25, 2023 Nov 09, 2023 Nov 17, 2023 $0.520 0.690%
4 Jul 26, 2023 Aug 10, 2023 Aug 18, 2023 $0.520 0.721%
5 Apr 26, 2023 May 11, 2023 May 19, 2023 $0.500 0.790%

FAQ

What is the symbol for South State Corporation Stock and on which exchange is it traded?
The symbol for South State Corporation is SSB and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell South State Corporation Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for South State Corporation stock to perform well in the short-term period.

How to buy South State Corporation Stock?
South State Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy South State Corporation Stock.

What's the current price of South State Corporation Stock?
As of the end of day on the Jul 19, 2024, the price of an South State Corporation (SSB) share was $89.98.

What is the 52-week high and low for South State Corporation Stock?
The 52-week high for South State Corporation Stock is $91.94 and the 52-week low is $63.36.

What is the market capitalization of South State Corporation Stock?
As of the Jul 19, 2024, the market capitalization of South State Corporation is 6.857B.

When is the next earnings date for South State Corporation?
The upcoming earnings date for South State Corporation is Jul 24, 2024.
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About South State Corporation

South State SouthState Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies. It accepts checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposits, money market accounts, and other time deposits. The company also offers commercial real estate loans, residential real estate loans, commercial, and i... SSB Profile

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