SSB: Falling Wedge detected on 29 Sep 2026

SSB is forming a falling wedge pattern with a structure score of 15.0/15, indicating a high-quality converging price formation. The stock currently trades at $101.69, bounded by key support at $100.60 and resistance at $103.72. Volume has been below average (ratio: 0.83), which is a notable weakness for confirming a breakout (breakout score: 13.0/13, volume score: 8.0/12). The overall setup scores 62.0/98, with a win probability of 76.94%. The measured move target stands at $107.84, representing a 5.9% upside from current price levels.

SouthState reported Q2 2026 net income of $230 million with diluted EPS of $2.35, up 11% year-over-year. Net interest income rose 3% from the prior quarter to $576 million with a stable net interest margin of 3.78%. Loans grew $1.4 billion sequentially and $3.6 billion year-over-year, while deposits increased $474 million and $2.7 billion respectively. Over the past year, the company retired nearly 5% of share count and raised its dividend by 11%. Analysts raised price targets in late July 2026, with Truist raising SSB to $118 and TD Cowen to $120. The pattern forms on positive earnings momentum and capital allocation execution, though recent price action—down 4.11% over one month—suggests profit-taking after the July earnings beat.

A successful breakout above $103.72 resistance would target $107.84 conservatively, with potential for extension toward the $120 analyst price targets if volume participation improves. The pattern's 76.94% historical win probability favors upside. Volume confirmation is critical; current volume ratio of 0.83 below the 20-day average suggests the wedge requires above-average volume to validate the breakout. The invalidation level sits at $100.60, the key support—closure below this level would negate the pattern and signal weakness.

Key risks include depressed near-term volume (ratio 0.83), which could delay or fail the breakout despite strong pattern structure. The finance sector operates in a bearish regime (score: -0.17), creating macro headwinds. RSI at 35.44 shows oversold conditions, which can reverse sharply on bad news. Next earnings announcement will occur in Q3 (likely October/November 2026), and the banking sector remains sensitive to interest rate policy. The stock is 9.37% below its 52-week high, suggesting potential resistance from elevated entries. Beta of 0.83 provides defensive characteristics but limits upside in bullish rallies.

We scan more than 6,000 NYSE and NASDAQ stocks every trading day and compare each detected pattern against a database of 370,000+ historical detections. Every setup is scored across three dimensions: Structure, Volume, and Breakout Readiness. Win probability is a calibrated estimate of how similar historical setups performed over the following 10 trading days. This is a swing trading tool built for multi-day holds. It is not built or tested for day trading.