SCANA CORP NEW (SCG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SCG - US80589M1027
Taking everything into account, SCG scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SCG is showing a nice and steady performance.
Besides having an excellent technical rating, SCG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
34.96
We found 3 important support areas.
- A support zone ranging from 47.14 to 47.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.85 from a trend line in the daily time frame.
- Support @35.31 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 48.15 to 48.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 50.20 to 50.99. 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 SCG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCG is up. |
| ChartMill Relative Strength | 92.8 | POSITIVE | SCG has a high relative strength, it outperformed 92.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SCG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SCG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SCG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.74 | NEUTRAL | The RSI value for SCG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests SCG has a negative trend. |
| Stochastics (14,3) | 43.12 | NEUTRAL | The Stochastics value for SCG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for SCG suggests some volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 48.68 | 47.13 | 1.55 (3.18%) | 25.00% |
| An entry @48.68. This is a Buy Stop order right above the resistance zone. | An exit @47.13. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.55 points, which is 3.18%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.80%. |
- The distance between exit and entry is rather small compared to the average daily movement of SCG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
47.78
-1.11 (-2.27%)
SCANA CORP NEW / SCG FAQ
Can you provide the ChartMill technical rating for SCANA CORP NEW?
ChartMill assigns a technical rating of 8 / 10 to SCG.
What is the current trend direction of SCANA CORP NEW (SCG) stock?
The current trend direction for SCANA CORP NEW (SCG) is Bullish.
Can you provide the RSI signal for SCANA CORP NEW?
SCANA CORP NEW (SCG) has an RSI value of 53.7403. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SCANA CORP NEW?
The MACD indicator for SCANA CORP NEW (SCG) has a value of -0.340755, indicating a bearish trend.
Can you provide the short term momentum for SCANA CORP NEW?
The short term momentum for SCANA CORP NEW (SCG) is positive.