SCHOLASTIC CORP (SCHL) Stock Technical Analysis
NASDAQ:SCHL • US8070661058
We assign a technical rating of 6 out of 10 to SCHL. In the last year, SCHL was one of the better performers, but we do observe some doubts in the very recent evolution.
- SCHL is one of the better performing stocks in the Media industry, it outperforms 90% of 91 stocks in the same industry.
- SCHL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SCHL is lagging the market slightly.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- Looking at the yearly performance, SCHL did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- In the last month SCHL has a been trading in the 30.81 - 35.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SCHL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 34.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 32.43, a Stop Loss order could be placed below this zone.
More info and screens
27.31
We found 4 important support areas.
- A support zone ranging from 31.31 to 32.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.06 to 30.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.13 from a trend line in the weekly time frame.
- Support @27.59 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 34.87 to 34.98. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 35.55 to 35.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for SCHL is down. |
| ChartMill Relative Strength | 85.45 | POSITIVE | SCHL has a high relative strength, it outperformed 85.45% 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) | 47.01 | NEUTRAL | The RSI value for SCHL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests SCHL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.01 | NEUTRAL | The Stochastics value for SCHL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for SCHL suggests some volalility. |
| Average Directional Index/ADX (14) | 22.32 | NEUTRAL | The ADX value for SCHL suggests a possible start of a new 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 |
|---|---|---|---|
| 33.39 | 31.30 | 2.09 (6.25%) | 16.00% |
| An entry @33.39. This is a Buy Stop order right above the 10 day moving average. | An exit @31.30. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.09 points, which is 6.25%. | For a 1.00% total portfolio risk, you can invest 16.00% of your capital in this trade. |
- 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.
32.86
+0.3 (+0.92%)
SCHOLASTIC CORP / SCHL FAQ
What is the ChartMill technical rating of SCHOLASTIC CORP (SCHL) stock?
ChartMill assigns a technical rating of 6 / 10 to SCHL.
What is the trend direction for 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 47.0119. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SCHOLASTIC CORP?
The MACD indicator for SCHOLASTIC CORP (SCHL) has a value of -0.373185, indicating a bearish trend.
What is the buy/sell signal for SCHL stock?
The buy/sell signal for SCHOLASTIC CORP (SCHL) is hold as the short term and long term trends are mixed.