SVENSKA CELLULOSA AB SCA-B (SCAB.ST) Stock Technical Analysis
STO:SCAB - Nasdaq Stockholm AB - SE0000112724 - Common Stock - Currency: SEK
Overall SCAB gets a technical rating of 1 out of 10. SCAB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, SCAB is a bad performer in the overall market: 86% of all stocks are doing better.
SCAB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SCAB has a been trading in the 120.60 - 129.60 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although the technical rating is bad, SCAB does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 126.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 124.08, a Stop Loss order could be placed below this zone.
More info and screens
119.39
152.16
When analyzing the support we can see 2 important areas.
- A support zone ranging from 123.30 to 124.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 120.60 to 121.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 126.40 to 128.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 130.61 to 131.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @133.91 from a horizontal line in the daily time frame.
- Resistance @144.03 from a trend line in the weekly time frame.
- Resistance @150.65 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for SCAB.ST is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SCAB.ST is neutral. |
| ChartMill Relative Strength | 14.59 | NEGATIVE | SCAB.ST has a low relative strength, it was outperformed by 85.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCAB.ST is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SCAB.ST is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SCAB.ST is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.17 | NEUTRAL | The RSI value for SCAB.ST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests SCAB.ST has a positive trend. |
| Stochastics (14,3) | 61.84 | NEUTRAL | The Stochastics value for SCAB.ST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for SCAB.ST suggests some volalility. |
| Average Directional Index/ADX (14) | 11.06 | NEGATIVE | The low ADX value for SCAB.ST suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
STO:SCAB (7/11/2025, 5:30:03 PM)
125.05
-1.85 (-1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.46%
1 Week0.77%
2 Weeks0.81%
1 Month0.24%
3 Month0.04%
6 Month-11.19%
12 Month-20.1%
2 Year-10.58%
3 Year-15.45%
5 Year18.25%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.58
ATR(20)%2.1%
ATR Inc14.71%
Range Today2.13
ADR(20)2.5
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.59
Mansfield-1.66
10 Day High127.45
10 Day Low120.73
20 Day High129.6
20 Day Low120.6
52 Week High155.95
52 Week Low117.65
CS1 End124.08
CR1 Start126.4
Volume & EV
DER(3)-0.89%
DER(5)-1.76%
Volume362.44K
Volume Incr-35.92%
Vol(5)450.92K
Vol(50)658.11K