Steelcase Inc (SCS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SCS - US8581552036 - Common Stock
16.14 USD
+0.02 (+0.12%)
16.1596 USD
+0.02 (+0.12%)
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 one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 80% of 82 stocks in the same industry.
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.
When comparing the yearly performance of all stocks, we notice that SCS is one of the better performing stocks in the market, outperforming 72% 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.
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
9.91
17.39
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 | 72.75 | POSITIVE | SCS has a high relative strength, it outperformed 72.75% 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. |
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)
16.14
+0.02 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg0.12%
1 Week-1.41%
2 Weeks1.06%
1 Month2.54%
3 Month-3.99%
6 Month58.86%
12 Month24.06%
2 Year19.38%
3 Year128.29%
5 Year19.11%
10 Year8.32%
15 Year52.7%
Volatility
ATR(14)0.25
ATR(20)%1.5%
ATR Inc15.37%
Range Today0.26
ADR(20)0.24
ADR(20)%1.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.75
3 months CRS30.42
6 months CRS91.6
Mansfield1.26
10 Day High16.52
10 Day Low15.91
20 Day High16.52
20 Day Low15.45
52 Week High17.4
52 Week Low9.32
CS1 End16
CR1 Start16.25
Volume & EV
DER(3)3.04%
DER(5)-0.18%
Volume4.11M
Volume Incr16.48%
Vol(5)1.68M
Vol(50)1.41M
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.