SCANSOURCE INC (SCSC) Stock Technical Analysis
NASDAQ:SCSC - Nasdaq - US8060371072 - Common Stock - Currency: USD
Taking everything into account, SCSC scores 6 out of 10 in our technical rating. In the past year, SCSC was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When compared to the yearly performance of all other stocks, SCSC outperforms 53% of them, which is more or less in line with the market.
SCSC is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, SCSC did better than 45% of them.
SCSC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SCSC is lagging the market slightly.
In the last month SCSC has a been trading in the 38.03 - 42.62 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, SCSC does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 39.26, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SCSC in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
29.56
42.58
When analyzing the support we can see 3 important areas.
- A support zone ranging from 38.89 to 39.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.49 from a trend line in the weekly time frame.
- Support @29.86 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 40.82 to 42.16. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for SCSC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCSC is up. |
| ChartMill Relative Strength | 53.82 | NEUTRAL | SCSC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SCSC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SCSC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SCSC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.33 | NEUTRAL | The RSI value for SCSC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests SCSC has a negative trend. |
| Stochastics (14,3) | 47.4 | NEUTRAL | The Stochastics value for SCSC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for SCSC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.83 | POSITIVE | The high ADX value value for SCSC 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)
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 |
|---|---|---|---|
| 42.17 | 39.99 | 2.18 (5.17%) | 19.34% |
| An entry @42.17. This is a Buy Stop order right above the resistance zone. | An exit @39.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.18 points, which is 5.17%. | For a 1.00% total portfolio risk, you can invest 19.34% 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.
40.71
+0.14 (+0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.35%
1 Week-1.95%
2 Weeks-0.92%
1 Month1.22%
3 Month15.23%
6 Month-14.44%
12 Month-9.31%
2 Year37.72%
3 Year30.73%
5 Year68.99%
10 Year6.96%
15 Year63.3%
Volatility
ATR(14)0.99
ATR(20)%2.66%
ATR Inc46.91%
Range Today1.02
ADR(20)1.04
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.82
Mansfield-1.04
10 Day High42.62
10 Day Low40
20 Day High42.62
20 Day Low38.03
52 Week High53.9
52 Week Low28.75
CS1 End39.26
CR1 Start40.82
Volume & EV
DER(3)3.59%
DER(5)1.45%
Volume239.20K
Volume Incr6.08%
Vol(5)182.06K
Vol(50)208.49K