SCHL Technical Analysis - SCHOLASTIC CORP

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to SCHL. In the last year, SCHL was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.

In the last month SCHL has a been trading in the 22.68 - 28.20 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

When comparing the performance of all stocks over the past year, SCHL turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.

SCHL is part of the Media industry. There are 99 other stocks in this industry, SCHL did better than 62% of them.

SCHL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SCHL is lagging the market.

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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 average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

18.78

27.82

When analyzing the support we can see 3 important areas.

A support zone ranging from 24.22 to 24.23. This zone is formed by a combination of multiple trend lines and important moving averages 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 2 important areas.

Resistance @24.37 from a horizontal line in the daily time frame.
A resistance zone ranging from 27.53 to 27.54. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for SCHL is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SCHL is neutral.
ChartMill Relative Strength	42.07	NEUTRAL	SCHL is not amongst the best or worst performers 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	MIXED	The current price of SCHL is below 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)	40.44	NEUTRAL	The RSI value for SCHL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.15	NEGATIVE	The MACD value suggests SCHL has a negative trend.
Stochastics (14,3)	61.62	NEUTRAL	The Stochastics value for SCHL is a neutral value.
Average True Range in percent/ATR (20)	4.75	MEDIUM VOLATILITY	The ATR as a percentage value for SCHL suggests some volalility.
Average Directional Index/ADX (14)	38.08	POSITIVE	The high ADX value value for SCHL suggests a strong trend.