STEELCASE INC-CL A (SCS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SCS - US8581552036 - Common Stock
We assign a technical rating of 6 out of 10 to SCS. Although SCS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, SCS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 16.08, a Stop Loss order could be placed below this zone.
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9.91
We found 3 important support areas.
- A support zone ranging from 15.51 to 16.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.28 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 one important area.
- 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 | UP | POSITIVE | The short term trend for SCS is up. |
| ChartMill Relative Strength | 72.34 | POSITIVE | SCS has a high relative strength, it outperformed 72.34% 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) | 57.53 | NEUTRAL | The RSI value for SCS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests SCS has a positive trend. |
| Stochastics (14,3) | 94.01 | OVERBOUGHT | The high Stochastics value suggests SCS may be overbought. |
| Average True Range in percent/ATR (20) | 1.47 | LOW VOLATILITY | The low ATR as a percentage value for SCS suggests low volalility. |
| Average Directional Index/ADX (14) | 26.12 | POSITIVE | The high ADX value value for SCS suggests a strong trend. |
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 |
|---|---|---|---|
| 16.32 | 15.44 | 0.88 (5.36%) | 18.65% |
| An entry @16.32. This is a Buy Stop order right above the 10 day high. | An exit @15.44. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.88 points, which is 5.36%. | For a 1.00% total portfolio risk, you can invest 18.65% of your capital in this trade. |
- 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.
16.29
+0.09 (+0.56%)
STEELCASE INC-CL A / SCS FAQ
What is the ChartMill technical rating of STEELCASE INC-CL A (SCS) stock?
ChartMill assigns a technical rating of 6 / 10 to SCS.
What is the trend direction for SCS stock?
The current trend direction for STEELCASE INC-CL A (SCS) is Bullish.
What is the RSI signal for STEELCASE INC-CL A (SCS) stock?
STEELCASE INC-CL A (SCS) has an RSI value of 57.5349. This indicates that the stock is currently neutral.
Can you provide the short term momentum for STEELCASE INC-CL A?
The short term momentum for STEELCASE INC-CL A (SCS) is positive.
What is the buy/sell signal for SCS stock?
The buy/sell signal for STEELCASE INC-CL A (SCS) is buy as both the short term and long term trends are positive.