SilverSun Technologies, Inc. SSNT Stock Analysis

SilverSun Technologies, Inc. stock trades under the ticker SSNT & closed at $7.18/share on 5/4/2021.

SSNT stock has many favorable technical indicators & has been steadily climbing since mid-September 2020.

SilverSun Technologies Inc. SSNT Stock Technical Performance For The Last Year

SSNT Stock Price: $7.18

10 Day Moving-Average: $6.64

50 Day Moving-Average: $6.82

200 Day Moving-Average: $4.07

RSI: 57

As you can see, SSNT’s 10 Day Moving-Average is approaching the 50 Day MA rapidly, and they just completed a bullish MACD crossover.

This should provide extra room for short-to-midterm growth, as the momentum is there pushing the price higher.

With an RSI just under 57, it appears that SilverSun Technologies Inc.’s stock has plenty more room to run before it enters overbought territory.

SSNT stock does not offer options for traders, however they do offer an annual dividend most years, which should be interesting as the last two were a combined $0.90, which is significant given the share price was in the $3 range when each of the payments were made (Jan & Dec 2020).

While that Dividend Yield is not as consistent as we like, it does provide a nice added bonus should it continue into EOY 2021 & beyond.

If SSNT’s price breaks through $7.22 I will be looking for it to climb up to $7.50, then fighting to go beyond $7.76.

Overall, it appears there is more opportunity for SSNT to grow, and there may be some nice buying opportunities presenting themselves in the coming days.


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