Steelcase Inc (SCS) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:SCS • US8581552036
Overall SCS gets a technical rating of 5 out of 10. SCS has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- 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.
- SCS 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 SCS is lagging the market slightly.
- SCS has an average volume of 1413480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, SCS did better than 71% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- SCS is part of the Commercial Services & Supplies industry. There are 80 other stocks in this industry, SCS did better than 68% of them.
- In the last month SCS has a been trading in the 15.45 - 16.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SCS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 16.00, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SCS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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9.91
When analyzing the support we can see 3 important areas.
- A support zone ranging from 15.51 to 16.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.36 from a trend line in the daily time frame.
- Support @10.01 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 16.25 to 16.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 17.21 to 17.22. 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 SCS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SCS is neutral. |
| ChartMill Relative Strength | 71.63 | POSITIVE | SCS has a high relative strength, it outperformed 71.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SCS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SCS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.56 | NEUTRAL | The RSI value for SCS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SCS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.53 | NEUTRAL | The Stochastics value for SCS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.5 | LOW VOLATILITY | The low ATR as a percentage value for SCS suggests low volalility. |
| Average Directional Index/ADX (14) | 21.93 | NEUTRAL | The ADX value for SCS suggests a possible start of a new trend. |
16.14
+0.02 (+0.12%)
Steelcase Inc / SCS FAQ
What is the ChartMill technical rating of Steelcase Inc (SCS) stock?
ChartMill assigns a technical rating of 5 / 10 to SCS.
Can you provide the trend direction for Steelcase Inc?
The current trend direction for Steelcase Inc (SCS) is Bullish.
What is the RSI signal for Steelcase Inc (SCS) stock?
Steelcase Inc (SCS) has an RSI value of 50.5602. This indicates that the stock is currently neutral.
What is the MACD signal for Steelcase Inc (SCS) stock?
The MACD indicator for Steelcase Inc (SCS) has a value of 0.0330127, indicating a bearish trend.
Can you provide the support and resistance levels for Steelcase Inc?
Steelcase Inc (SCS) has a support level at 16 and a resistance level at 16.25. Check the full technical report for our detailed analysis of SCS support and resistance levels.