Score Media and Gaming Inc (SCR) Stock Technical Analysis
NASDAQ:SCR - Nasdaq -
Overall SCR gets a technical rating of 7 out of 10. Although SCR is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
SCR has an excellent technical rating and also presents a decent setup pattern. 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 35.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.79, a Stop Loss order could be placed below this zone. 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
33.26
When analyzing the support we can see 2 important areas.
- A support zone ranging from 34.27 to 34.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.60 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 35.96 to 35.97. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for SCR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCR is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SCR has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SCR is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 59.78 | NEUTRAL | The RSI value for SCR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests SCR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 73.34 | NEUTRAL | The Stochastics value for SCR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for SCR suggests some volalility. |
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 |
|---|---|---|---|
| 35.98 | 34.26 | 1.72 (4.78%) | 20.92% |
| An entry @35.98. This is a Buy Stop order right above the resistance zone. | An exit @34.26. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.72 points, which is 4.78%. | When investing 20.92% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
35.58
-0.02 (-0.06%)