Seaspan Corporation Nyse Ssw Stock Technicals At Critical Inflection Point

Seaspan Corporation (NYSE:SSW) Stock Technicals at Critical Inflection Point

Seaspan Corporation technical rating as of
(SSW Stock Price as of Publication: $10.31)

This is a technical analysis stock rating for Seaspan Corporation (NYSE:SSW) . The company has a three bull technical rating which indicates an inflection point. With the current stock price and the moving averages showing signs of indecision, any consecutive day stock move in either direction will likely push the stock into a bearish or bullish technical channel that could persist for the short-term. This is a critical inflection point.

SSW is down -23.1% over the last three months and down -27.1% over the last six months. The stock has returned -29.5% over the last year. The current stock price is $10.31.

SSW Stock Returns
The technical rating goes from one, the weakest upside technical, to five, the highest upside technical and focuses on the real-time stock price relative to various moving averages as well as moving averages relative to each other. This is a proprietary weighted technical model built by Capital Market Labs (CML).

Note the stock price at publication ($10.31), since the technical rating is based on intraday stock prices.

Technicals   |   Support: 8.79   |   Resistance: 12.68   

Death Cross Alert: The 50 day moving average is now below the 200 day moving average.
Swing Death Cross Alert: The short-term 10 day moving average is now below the 50 day moving average.

Seaspan Corporation has a three bull (inflection point) technical rating because it's trading above its 10- and 50 day simple moving averages, but below its 200- day moving average. The stock is up 7.51% on the day but the 10 day moving average is below the 50 day moving average ("swing death cross").

The general theory behind ratings follows the line of thought that as stock prices rise or fall abruptly, they appear on various scan results and that creates a reinforcing trend for the stock price in a direction. It's a mix of art and science, but for the technically focused trader it can be a powerful input to the overall analysis.

Seaspan Corporation (NYSE:SSW) rating statistics:
10-day moving average: $9.38
50-day moving average: $9.62
200-day moving average: $13.70