STEELCASE INC-CL A (SCS) Stock Technical Analysis
NYSE:SCS - New York Stock Exchange, Inc. - US8581552036 - Common Stock - Currency: USD
Taking everything into account, SCS scores 0 out of 10 in our technical rating. SCS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, SCS is a bad performer in the overall market: 83% of all stocks are doing better.
SCS is part of the Commercial Services & Supplies industry. There are 83 other stocks in this industry, of which 65% are performing better than SCS.
SCS is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SCS is lagging the market.
In the last month SCS has a been trading in the 10.04 - 11.16 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
SCS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. 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
9.65
14.04
We found 2 important support areas.
- Support @10.01 from a horizontal line in the daily time frame.
- Support @9.75 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 6 important areas.
- Resistance @10.28 from a trend line in the daily time frame.
- A resistance zone ranging from 10.47 to 10.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.92 to 10.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 11.26 to 11.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.46 from a horizontal line in the daily time frame.
- Resistance @13.90 from a horizontal line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for SCS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SCS is down. |
| ChartMill Relative Strength | 17.33 | NEGATIVE | SCS has a low relative strength, it was outperformed by 82.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SCS is below a declining 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) | DOWN | NEGATIVE | The current price of SCS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.51 | NEUTRAL | The RSI value for SCS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SCS has a negative trend. |
| Stochastics (14,3) | 26.37 | NEUTRAL | The Stochastics value for SCS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for SCS suggests some volalility. |
| Average Directional Index/ADX (14) | 10.52 | NEGATIVE | The low ADX value for SCS suggests a weak or negative 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)
10.18
-0.15 (-1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-1.45%
1 Week-3.78%
2 Weeks0.2%
1 Month-9.51%
3 Month0.39%
6 Month-11.32%
12 Month-24.93%
2 Year12.24%
3 Year-8.94%
5 Year-2.58%
10 Year-42.26%
15 Year63.93%
Volatility
ATR(14)0.3
ATR(20)%2.9%
ATR Inc-32.01%
Range Today0.24
ADR(20)0.28
ADR(20)%2.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.33
Mansfield-1.87
10 Day High10.95
10 Day Low10.11
20 Day High11.16
20 Day Low10.04
52 Week High14.36
52 Week Low9.32
CS1 End10.01
CR1 Start10.28
Volume & EV
DER(3)5.26%
DER(5)5.59%
Volume837.80K
Volume Incr-27.08%
Vol(5)749.84K
Vol(50)930.82K