Our Analysis of SilverSun Technologies, Inc. ($SSNT) (2019-10-22)

REPORTING FOR 2019-10-22 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how SSNT has been trading over the last 2 weeks and the past day especially. On its latest session, SilverSun Technologies, Inc. ($SSNT) opened at 3.74, reaching a high of 3.79 and a low of 3.6146 before closing at a price of 3.7. There was a total volume of 6167.0.

VOLUME INDICATORS FOR SILVERSUN TECHNOLOGIES, INC. ($SSNT): We saw an accumulation-distribution index of 87.4152, an on-balance volume of 3.64, chaikin money flow of 6.016 and a force index of 0.02763. There was an ease of movement rating of -0.0008, a volume-price trend of 0.87844 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR SILVERSUN TECHNOLOGIES, INC. ($SSNT): We noted an average true range of 0.13176, bolinger bands of 3.83741, an upper bollinger band of 3.50819, lower bollinger band of 3.6146, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 3.71487, high band keltner channel of 3.66487, low band keltner channel of 3.76487, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 3.6146, a donchian channel low band of 3.6146, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR SILVERSUN TECHNOLOGIES, INC. ($SSNT): We calculated a Moving Average Convergence Divergence (MACD) of 0.00261, a MACD signal of 0.00145, a MACD difference of 0.00116, a fast Exponential Moving Average (EMA) indicator of 3.6146, a slow Exponential Moving Average (EMA) indicator of 3.6146, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.21142, a trix of 14.02634, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -0.69017, a KST Oscillator (KST) of 236.00239 and a KST Oscillator (KST Signal) of 236.00239 (leaving a KST difference of 9.95066). We also found an Ichimoku rating of 3.765, an Ichimoku B rating of 3.765, a Ichimoku visual trend A of 3.20943, an Ichimoku visual trend B of 3.33925, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.

MOMENTUM INDICATORS FOR SILVERSUN TECHNOLOGIES, INC. ($SSNT): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 84.62429, a stochastic oscillator of 350.8, a stochastic oscillator signal of 350.8, a Williams %R rating of 250.8 and an awesome oscillator of 0.016.

RETURNS FOR SILVERSUN TECHNOLOGIES, INC. ($SSNT): There was a daily return of 23.60024, a daily log return of 3.16951 and a cumulative return of 3.22027.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-10-22 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for SilverSun Technologies, Inc. ($SSNT)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling SilverSun Technologies, Inc. ($SSNT) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

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