Steelcase Inc (SCS) Technical Analysis
NYSE:SCS • US8581552036
Current stock price
SCS Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to SCS. In the last year, SCS was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- 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 one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 79% of 82 stocks in the same industry.
- SCS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SCS is performing more or less in line with the market.
- 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.
- When comparing the yearly performance of all stocks, we notice that SCS is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- 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 Weekly and Daily overview Charts
SCS Setup Rating and Analysis
Although the technical rating is only medium, SCS does present a nice setup opportunity. 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.
More info and screens
SCS Support and Resistance Analysis
9.91
We found 3 important support 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.
When analyzing the resistance we notice 2 important areas.
- 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.
SCS 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 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. |
SCS Chart- and CandleStick Pattern Analysis
SCS Technicals: Chart, Performance Metrics, Trend & Indicators
16.14
+0.02 (+0.12%)
Steelcase Inc / SCS TA 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.