SHAWCOR LTD (SCL.CA) Technical Analysis
TSX:SCL • CA8204391079
Current stock price
SCL.CA Technical Rating and Analysis
Taking everything into account, SCL scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that SCL is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, SCL also shows a nice and consistent pattern of rising prices.
- SCL is part of the Energy Equipment & Services industry. There are 27 other stocks in this industry. SCL outperforms 100% of them.
- SCL 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 SCL is lagging the market slightly.
- In the last month SCL has a been trading in the 17.47 - 20.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
SCL.CA Weekly and Daily overview Charts
SCL.CA Setup Rating and Analysis
Although SCL has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
SCL.CA Support and Resistance Analysis
17.70
We found 2 important support areas.
- A support zone ranging from 18.17 to 18.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.88 to 17.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @20.41 from a horizontal line in the daily time frame.
SCL.CA 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 SCL.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SCL.CA is neutral. |
| ChartMill Relative Strength | 97.31 | POSITIVE | SCL.CA has a high relative strength, it outperformed 97.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SCL.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SCL.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SCL.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.45 | NEUTRAL | The RSI value for SCL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests SCL.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.01 | NEUTRAL | The Stochastics value for SCL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.02 | MEDIUM VOLATILITY | The ATR as a percentage value for SCL.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.33 | NEGATIVE | The low ADX value for SCL.CA suggests a weak or negative trend. |
SCL.CA Chart- and CandleStick Pattern Analysis
SCL.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:SCL (8/24/2023, 7:00:00 PM)
19.28
-0.03 (-0.16%)
SHAWCOR LTD / SCL.CA TA FAQ
What is the technical rating for SCL stock?
ChartMill assigns a technical rating of 7 / 10 to SCL.CA.
Can you provide the trend direction for SHAWCOR LTD?
The current trend direction for SHAWCOR LTD (SCL.CA) is Bullish.
What is the RSI signal for SCL stock?
SHAWCOR LTD (SCL.CA) has an RSI value of 51.4544. This indicates that the stock is currently neutral.
What is the MACD signal for SCL stock?
The MACD indicator for SHAWCOR LTD (SCL.CA) has a value of -0.0966686, indicating a bearish trend.