STEELCASE INC-CL A (SCS) Stock Technical Analysis
NYSE:SCS - US8581552036 - Common Stock
16.72 USD
+0.06 (+0.36%)
16.72 USD
0 (0%)
Taking everything into account, SCS scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, SCS has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
SCS is one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 84% of 84 stocks in the same industry.
SCS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SCS has a been trading in the 10.11 - 17.13 range, which is quite wide. It is currently trading near the high of this range.
SCS has an average volume of 2091530 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 89% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Although SCS has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
9.91
16.90
We found 3 important support areas.
- A support zone ranging from 15.95 to 16.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 10.43 to 10.51. This zone is formed by a combination of multiple trend lines 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 16.73 to 16.73. 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 | 89.62 | POSITIVE | SCS has a high relative strength, it outperformed 89.62% 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) | UP | POSITIVE | The current price of SCS is above the rising 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) | 76.02 | OVERBOUGHT | The high RSI value suggests SCS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests SCS has a negative trend. |
| Stochastics (14,3) | 95.22 | OVERBOUGHT | The high Stochastics value suggests SCS may be overbought. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for SCS suggests some volalility. |
| Average Directional Index/ADX (14) | 55.82 | POSITIVE | The high ADX value value for SCS suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
16.72
+0.06 (+0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg0.36%
1 Week3.85%
2 Weeks3.21%
1 Month61.86%
3 Month62.17%
6 Month37.5%
12 Month18.25%
2 Year84.34%
3 Year49.55%
5 Year60%
10 Year-5.16%
15 Year169.24%
Volatility
ATR(14)0.26
ATR(20)%3.72%
ATR Inc-38.42%
Range Today0.19
ADR(20)0.39
ADR(20)%2.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.62
Mansfield2.73
10 Day High16.73
10 Day Low16.03
20 Day High17.13
20 Day Low10.11
52 Week High17.13
52 Week Low9.32
CS1 End16.05
CR1 Start16.73
Volume & EV
DER(3)2.69%
DER(5)0.97%
Volume1.12M
Volume Incr-44.5%
Vol(5)1.84M
Vol(50)2.09M