SCANA Technical Analysis - SCANA ASA

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to SCANA. Recently some decent action could be observed, but in the medium term time frame this is still negative. SCANA was also a bad performer in the overall market in the last year.

When comparing the yearly performance of all stocks, SCANA is a bad performer in the overall market: 88% of all stocks are doing better.

SCANA is one of the lesser performing stocks in the Machinery industry. 71% of 105 stocks in the same industry do better.

SCANA 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.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month SCANA has a been trading in the 1.40 - 1.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

SCANA has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.64

1.83

We found 1 important support area.

A support zone ranging from 1.66 to 1.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 1.80 to 1.81. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for SCANA.OL is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SCANA.OL is up.
ChartMill Relative Strength	12.96	NEGATIVE	SCANA.OL has a low relative strength, it was outperformed by 87.04% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SCANA.OL is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SCANA.OL is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SCANA.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)	65.26	NEUTRAL	The RSI value for SCANA.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests SCANA.OL has a positive trend, although the MACD value is declining.
Stochastics (14,3)	59.21	NEUTRAL	The Stochastics value for SCANA.OL is a neutral value.
Average True Range in percent/ATR (20)	6.02	HIGH VOLATILITY	The high ATR as a percentage value for SCANA.OL suggests high volalility.
Average Directional Index/ADX (14)	44.7	POSITIVE	The high ADX value value for SCANA.OL suggests a strong trend.