SCE TRUST VII - EIX 7 1/2 PERP (SCE-M) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SCE-M - US7838922018
We assign a technical rating of 7 out of 10 to SCE-M. Although SCE-M is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although SCE-M has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
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21.95
When analyzing the support we can see 3 important areas.
- A support zone ranging from 23.15 to 23.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.63 to 22.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 22.17 to 22.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @26.98 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 27.47 to 27.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for SCE-M is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCE-M is up. |
| ChartMill Relative Strength | 49.51 | NEUTRAL | SCE-M is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCE-M is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SCE-M is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SCE-M is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 87.28 | OVERBOUGHT | The high RSI value suggests SCE-M may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests SCE-M has a positive trend. |
| Stochastics (14,3) | 89.41 | OVERBOUGHT | The high Stochastics value suggests SCE-M may be overbought. |
| Average True Range in percent/ATR (20) | 1.15 | LOW VOLATILITY | The low ATR as a percentage value for SCE-M suggests low volalility. |
| Average Directional Index/ADX (14) | 32.47 | POSITIVE | The high ADX value value for SCE-M suggests a strong trend. |
24.97
+0.52 (+2.13%)
SCE TRUST VII - EIX 7 1/2 PERP / SCE-M FAQ
Can you provide the ChartMill technical rating for SCE TRUST VII - EIX 7 1/2 PERP?
ChartMill assigns a technical rating of 7 / 10 to SCE-M.
Can you provide the trend direction for SCE TRUST VII - EIX 7 1/2 PERP?
The current trend direction for SCE TRUST VII - EIX 7 1/2 PERP (SCE-M) is Bullish.
Can you provide the RSI signal for SCE TRUST VII - EIX 7 1/2 PERP?
SCE TRUST VII - EIX 7 1/2 PERP (SCE-M) has an RSI value of 87.279. This indicates that the stock is currently overbought.
What is the short term momentum for SCE-M stock?
The short term momentum for SCE TRUST VII - EIX 7 1/2 PERP (SCE-M) is positive.
Can you provide the support and resistance levels for SCE TRUST VII - EIX 7 1/2 PERP?
SCE TRUST VII - EIX 7 1/2 PERP (SCE-M) has a support level at 23.98 and a resistance level at 26.98. Check the full technical report for our detailed analysis of SCE-M support and resistance levels.