Steelcase Inc (SCS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SCS - US8581552036 - Common Stock
Taking everything into account, SCS scores 5 out of 10 in our technical rating. 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.
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.
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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.
We can see 2 important resistance 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.
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 | 72.76 | POSITIVE | SCS has a high relative strength, it outperformed 72.76% 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.
What is the trend direction for SCS stock?
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.
Can you provide the short term momentum for Steelcase Inc?
The short term momentum for Steelcase Inc (SCS) is neutral.