STELLUS CAPITAL INVESTMENT C (SCM) Stock Technical Analysis
NYSE:SCM - New York Stock Exchange, Inc. - US8585681088 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to SCM. Recently some decent action could be observed, but in the medium term time frame this is still negative. SCM was also a bad performer in the overall market in the last year.
Although the technical rating is bad, SCM does present a nice setup opportunity. 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 13.44. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for SCM in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
12.11
We found 1 important support area.
- A support zone ranging from 12.23 to 12.34. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 13.44 to 13.84. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for SCM is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCM is up. |
| ChartMill Relative Strength | 29.43 | NEGATIVE | SCM has a low relative strength, it was outperformed by 70.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SCM is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SCM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.77 | NEUTRAL | The RSI value for SCM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SCM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.3 | NEUTRAL | The Stochastics value for SCM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for SCM suggests some volalility. |
| Average Directional Index/ADX (14) | 19.21 | NEGATIVE | The low ADX value for SCM suggests a weak or negative trend. |
13.39
+0.01 (+0.07%)