SCHOLASTIC CORP (SCHL) Technical Analysis
NASDAQ:SCHL • US8070661058
Current stock price
SCHL Technical Rating and Analysis
Taking everything into account, SCHL scores 10 out of 10 in our technical rating. 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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, SCHL did better than 94% of all other stocks. On top of that, SCHL also shows a nice and consistent pattern of rising prices.
- SCHL is one of the better performing stocks in the Media industry, it outperforms 95% of 91 stocks in the same industry.
- SCHL is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SCHL is leading the market.
- In the last month SCHL has a been trading in the 32.60 - 39.65 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
SCHL Weekly and Daily overview Charts
SCHL Setup Rating and Analysis
SCHL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
SCHL Support and Resistance Analysis
30.11
We found 5 important support areas.
- A support zone ranging from 34.78 to 35.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.38 to 33.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.89 from a trend line in the weekly time frame.
- Support @30.91 from a trend line in the daily time frame.
- Support @30.41 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 39.21 to 39.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
SCHL 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 | 94.54 | POSITIVE | SCHL has a high relative strength, it outperformed 94.54% 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) | 67.8 | NEUTRAL | The RSI value for SCHL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests SCHL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.58 | OVERBOUGHT | The high Stochastics value suggests SCHL may be overbought. |
| Average True Range in percent/ATR (20) | 3.02 | MEDIUM VOLATILITY | The ATR as a percentage value for SCHL suggests some volalility. |
| Average Directional Index/ADX (14) | 26.68 | POSITIVE | The high ADX value value for SCHL suggests a strong trend. |
SCHL Chart- and CandleStick Pattern Analysis
SCHL Example Setup
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 |
|---|---|---|---|
| 39.22 | 38.27 | 0.95 (2.42%) | 25.00% |
| An entry @39.22. This is a Buy Stop order right above the resistance zone. | An exit @38.27. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.95 points, which is 2.42%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.61%. |
- 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.
SCHL Technicals: Chart, Performance Metrics, Trend & Indicators
39.06
+0.15 (+0.39%)
SCHOLASTIC CORP / SCHL TA FAQ
What is the ChartMill technical rating of SCHOLASTIC CORP (SCHL) stock?
ChartMill assigns a technical rating of 10 / 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 SCHOLASTIC CORP (SCHL) stock?
SCHOLASTIC CORP (SCHL) has an RSI value of 67.8024. This indicates that the stock is currently neutral.
What is the short term momentum for SCHL stock?
The short term momentum for SCHOLASTIC CORP (SCHL) is positive.
What are the support and resistance levels for SCHOLASTIC CORP (SCHL) stock?
SCHOLASTIC CORP (SCHL) has a support level at 35.64 and a resistance level at 39.21. Check the full technical report for our detailed analysis of SCHL support and resistance levels.