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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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Red day on Friday for South State Corporation
(Updated on Jun 14, 2024)

Sell candidate since Jun 13, 2024 Loss -1.25% PDF

The South State Corporation stock price fell by -1.25% on the last day (Friday, 14th Jun 2024) from $72.20 to $71.30. During the last trading day the stock fluctuated 1.11% from a day low at $70.90 to a day high of $71.69. The price has fallen in 9 of the last 10 days and is down by -7.77% for this period. Volume has increased on the last day by 20 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 383 thousand shares were bought and sold for approximately $27.31 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $71.29 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.54% during the next 3 months and, with a 90% probability hold a price between $65.20 and $72.20 at the end of this 3-month period.

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SSB Signals & Forecast

There are few to no technical positive signals at the moment. The South State Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $72.87 and $77.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -12.41%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.790 between high and low, or 1.11%. For the last week, the stock has had daily average volatility of 1.78%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SSB) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect South State Corporation to open at $71.30, and during the day (based on 14 day Average True Range), to move between $69.58 and $73.02, which gives a possible trading interval of +/-$1.72 (+/-2.41%) up or down from last closing price. If South State Corporation takes out the full calculated possible swing range there will be an estimated 4.82% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $78.25, some $6.95 (9.75%) from the current price of $71.30, our system finds the risk reward not very attractive.

Is South State Corporation stock A Buy?

South State Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.467 Sell Candidate Unchanged

Predicted Opening Price for South State Corporation of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$71.30 ( 0.0047%) $71.30

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 72.09 1.10%
R2 71.78 0.680%
R1 71.60 0.419%
Price 71.30
S1 70.99 -0.428%
S2 70.81 -0.689%
S3 70.51 -1.11%

Accumulated Volume Support & Resistance Levels

Level Price
R3 79.87 12.02%
R2 79.51 11.51%
R1 78.25 9.75%
Price 71.30
S1 0 -
S2 0 -
S3 0 -

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?
South State Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

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 Jun 14, 2024, the price of an South State Corporation (SSB) share was $71.30.

What is the 52-week high and low for South State Corporation Stock?
The 52-week high for South State Corporation Stock is $87.77 and the 52-week low is $63.36.

What is the market capitalization of South State Corporation Stock?
As of the Jun 14, 2024, the market capitalization of South State Corporation is 5.432B.

When is the next earnings date for South State Corporation?
The upcoming earnings date for South State Corporation is Jul 25, 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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