SCHOLASTIC CORP (SCHL) Stock Technical Analysis
USA - NASDAQ:SCHL - US8070661058 - Common Stock
Taking everything into account, SCHL scores 6 out of 10 in our technical rating. SCHL has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Although the technical rating is only medium, SCHL does present a nice setup opportunity. 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.
More info and screens
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4 important support areas can be observed.
- A support zone ranging from 27.64 to 27.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 26.73 to 27.11. 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.
We found 1 important resistance area.
- A resistance zone ranging from 28.33 to 29.24. This zone is formed by a combination of multiple trend lines and important moving averages 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 SCHL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SCHL is neutral. |
| ChartMill Relative Strength | 71.14 | POSITIVE | SCHL has a high relative strength, it outperformed 71.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SCHL is below a declining 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) | 48.17 | NEUTRAL | The RSI value for SCHL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests SCHL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.87 | OVERSOLD | The low Stochastics value suggests SCHL may be oversold. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for SCHL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.42 | NEGATIVE | The low ADX value for SCHL suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 28.34 | 27.63 | 0.71 (2.51%) | 25.00% |
| An entry @28.34. This is a Buy Stop order right above the 10 day moving average. | An exit @27.63. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.71 points, which is 2.51%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.63%. |
- The distance between exit and entry is rather small compared to the average daily movement of SCHL. 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.
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+0.29 (+1.05%)
SCHOLASTIC CORP / SCHL FAQ
Can you provide the ChartMill technical rating for SCHOLASTIC CORP?
ChartMill assigns a technical rating of 6 / 10 to SCHL.
What is the current trend direction of SCHOLASTIC CORP (SCHL) stock?
The current trend direction for SCHOLASTIC CORP (SCHL) is Bullish.
What is the RSI signal for SCHL stock?
SCHOLASTIC CORP (SCHL) has an RSI value of 48.1691. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SCHOLASTIC CORP?
The short term momentum for SCHOLASTIC CORP (SCHL) is neutral.
What are the support and resistance levels for SCHOLASTIC CORP (SCHL) stock?
SCHOLASTIC CORP (SCHL) has a support level at 27.65 and a resistance level at 28.33. Check the full technical report for our detailed analysis of SCHL support and resistance levels.