SCHL Technical Analysis - SCHOLASTIC CORP

Technical Rating and Analysis

Overall SCHL gets a technical rating of 9 out of 10. Both in the recent history as in the last year, SCHL has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

SCHL is one of the better performing stocks in the Media industry, it outperforms 86% of 95 stocks in the same industry.

SCHL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month SCHL has a been trading in the 22.68 - 29.59 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, SCHL did better than 81% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SCHOLASTIC CORP / SCHL Weekly stock chart

SCHOLASTIC CORP / SCHL Daily stock chart

Setup Rating and Analysis

SCHL has an excellent technical rating, but 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

18.78

29.22

4 important support areas can be observed.

A support zone ranging from 25.31 to 25.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 24.23 to 24.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @21.03 from a horizontal line in the daily time frame.
Support @18.97 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 28.34 to 28.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for SCHL is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SCHL is up.
ChartMill Relative Strength	81.3	POSITIVE	SCHL has a high relative strength, it outperformed 81.3% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SCHL is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SCHL is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of SCHL is above the rising SMA(200).
Relative Strength Index/RSI (14)	56.16	NEUTRAL	The RSI value for SCHL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.06	POSITIVE	The MACD value suggests SCHL has a positive trend, although the MACD value is declining.
Stochastics (14,3)	80.58	OVERBOUGHT	The high Stochastics value suggests SCHL may be overbought.
Average True Range in percent/ATR (20)	4.36	MEDIUM VOLATILITY	The ATR as a percentage value for SCHL suggests some volalility.
Average Directional Index/ADX (14)	27.22	POSITIVE	The high ADX value value for SCHL suggests a strong trend.