SCHOLASTIC CORP (SCHL) Stock Technical Analysis
NASDAQ:SCHL - US8070661058 - Common Stock
Taking everything into account, SCHL scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SCHL is only an average performer.
Besides having an excellent technical rating, SCHL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 26.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.74, a Stop Loss order could be placed below this zone. 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
18.78
4 important support areas can be observed.
- A support zone ranging from 25.04 to 25.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.37 to 24.53. 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.
We found 1 important resistance area.
- A resistance zone ranging from 26.57 to 26.95. 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 SCHL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCHL is up. |
| ChartMill Relative Strength | 75.72 | POSITIVE | SCHL has a high relative strength, it outperformed 75.72% 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) | DOWN | MIXED | The current price of SCHL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.23 | NEUTRAL | The RSI value for SCHL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests SCHL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.88 | NEUTRAL | The Stochastics value for SCHL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for SCHL suggests some volalility. |
| Average Directional Index/ADX (14) | 36.53 | POSITIVE | The high ADX value value for SCHL suggests a strong 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 |
|---|---|---|---|
| 26.96 | 25.03 | 1.93 (7.16%) | 13.97% |
| An entry @26.96. This is a Buy Stop order right above the resistance zone. | An exit @25.03. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.93 points, which is 7.16%. | For a 1.00% total portfolio risk, you can invest 13.97% of your capital in this trade. |
- 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.
25.87
+0.34 (+1.33%)