SSB Price Prediction Next Week
Technical Analysis Based on the technical indicators, SSB shows mixed signals. The RSI(14) at 53.47 indicates neutral momentum, slightly favoring bullish sentiment. The MACD at 1.43 suggests a positive trend momentum. The stock is currently trading below both its 20-day (102.89) and 60-day (104.20) moving averages, indicating short-term weakness.
News Sentiment & Insider Activity Recent insider activity shows bearish signals, with CFO William E V Matthews selling 6,531 shares worth $707,241 on January 29, 2025. Additionally, there have been 6 insider sales and no purchases in the past 6 months. Institutional investors show mixed sentiment with 165 increasing positions while 177 reducing their holdings.
Fibonacci Levels Key price levels for next week:
- Resistance 3: $113.48
- Resistance 2: $110.60
- Resistance 1: $108.82
- Pivot: $105.95
- Support 1: $103.07
- Support 2: $101.29
- Support 3: $98.42
Price Prediction & Recommendation For next trading week (Feb 17-21, 2025), SSB is expected to trade between $101.29 and $108.82. The primary target is $103.07 (Support 1) with potential downside risk to $101.29 (Support 2). Given the bearish insider activity and technical weakness below moving averages, a SELL recommendation is issued. Optimal selling price would be on any bounce toward $108.82 (Resistance 1).
SSB Similar Chart Price Prediction
The price of SSB is predicted to go up -0.55%, based on the high correlation periods with GTLS. The similarity of these two price pattern on the periods is 96.48%.
SSB
GTLS
Down: -0.55%Similarity: 96.48%
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SSB Analyst's Forecast
Nicholas Holowko
UBS
Strong Buy
2024-12-17
Price Target
$132
Upside
+23.98%
UBS analyst Nicholas Holowko initiated coverage of South State (SSB) with a Buy rating and $132 price target. The company is approaching the completion of its acquisition of Independent Bank (IBTX), which will both expand its balance sheet to $65B in assets and improve its asset sensitivity "at an advantageous time," the analyst tells investors in a research note. UBS says that with its attractive counter-cyclical correspondent banking and capital markets business and a large, fixed asset repricing opportunity, South State is well positioned for the rest of this rate cycle.
David Bishop
Hovde Group
Buy → Hold
2024-11-13
Price Target
n/a
Downside
0%
Russell Gunther
Stephens & Co.
Hold
2024-10-29
Price Target
$101 → $105
Upside
+6.89%
