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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Stronger technical forecast for South State Corporation stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The South State Corporation stock price gained 3.94% on the last trading day (Wednesday, 27th Mar 2024), rising from $80.94 to $84.13. During the last trading day the stock fluctuated 3.24% from a day low at $81.53 to a day high of $84.17. The price has fallen in 6 of the last 10 days but is still up by 2.62% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 93 thousand more shares were traded than the day before. In total, 264 thousand shares were bought and sold for approximately $22.20 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect South State Corporation stock with a 90% probability to be traded between $77.95 and $85.92 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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $81.82 and $82.38. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 6.14%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Monday, March 18, 2024 with a target of $81.09. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

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

South State Corporation finds support from accumulated volume at $83.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.64 (3.24%) between high and low. For the last week, the stock has had daily average volatility of 2.29%.

Our recommended stop-loss: $80.44 (-4.38%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (SSB) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect South State Corporation to open at $83.28, and during the day (based on 14 day Average True Range), to move between $82.06 and $86.20, which gives a possible trading interval of +/-$2.07 (+/-2.46%) up or down from last closing price. If South State Corporation takes out the full calculated possible swing range there will be an estimated 4.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $84.48 (0.42%) than the support at $83.51 (0.74%), 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.

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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.134 Buy Candidate Upgraded

Predicted Opening Price for South State Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$83.28 ( 1.01%) $84.13

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
Resistance R3 85.92 2.12 %
R2 84.91 0.92 %
R1 84.29 0.184 %
Current price: 84.13
Support S1 82.27 -2.21 %
S2 81.65 -2.95 %
S3 80.64 -4.15 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 87.13 3.57 %
R2 85.35 1.45 %
R1 84.48 0.416 %
Current price 84.13
Support S1 83.51 -0.737%
S2 82.31 -2.16%
S3 80.99 -3.73%

SSB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 24, 2024 Feb 08, 2024 Feb 16, 2024 $0.520 0.609%
2 Oct 25, 2023 Nov 09, 2023 Nov 17, 2023 $0.520 0.690%
3 Jul 26, 2023 Aug 10, 2023 Aug 18, 2023 $0.520 0.721%
4 Apr 26, 2023 May 11, 2023 May 19, 2023 $0.500 0.790%
5 Jan 26, 2023 Feb 09, 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

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 2024-03-27, the price of an South State Corporation (SSB) share was $84.13.

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 $59.59.

What is the market capitalization of South State Corporation Stock?
As of the 2024-03-27, the market capitalization of South State Corporation is 6.172B.

When is the next earnings date for South State Corporation?
The upcoming earnings date for South State Corporation is Apr 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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