SCANSOURCE INC (SCSC) Stock Technical Analysis
NASDAQ:SCSC - Nasdaq - US8060371072 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to SCSC. Although SCSC is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
70% of all other stocks performed better in the past year than SCSC.
SCSC is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, of which 60% are performing better than SCSC.
Both the short term and long term trends are positive. This is a very positive sign.
SCSC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SCSC is lagging the market.
In the last month SCSC has a been trading in the 37.72 - 45.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SCSC has an excellent technical rating, but the quality of the setup is only medium 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
29.56
45.73
We found 4 important support areas.
- A support zone ranging from 40.83 to 41.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 39.02 to 39.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 37.77 to 37.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.86 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @43.07 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 45.08 to 45.28. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The long term trend for SCSC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCSC is up. |
| ChartMill Relative Strength | 30.43 | NEUTRAL | SCSC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCSC is above 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 | MIXED | The current price of SCSC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.73 | NEUTRAL | The RSI value for SCSC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests SCSC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.05 | NEUTRAL | The Stochastics value for SCSC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for SCSC suggests some volalility. |
| Average Directional Index/ADX (14) | 24.32 | NEUTRAL | The ADX value for SCSC 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)
43.06
+0.36 (+0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.84%
1 Week-0.83%
2 Weeks11.64%
1 Month5.64%
3 Month9.65%
6 Month15.75%
12 Month-12.46%
2 Year31.36%
3 Year48.64%
5 Year74.4%
10 Year12.72%
15 Year72.52%
Volatility
ATR(14)1.36
ATR(20)%2.98%
ATR Inc-38.76%
Range Today0.77
ADR(20)1.22
ADR(20)%2.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.43
Mansfield-0.73
10 Day High45.63
10 Day Low38.27
20 Day High45.63
20 Day Low37.72
52 Week High53.9
52 Week Low28.75
CS1 End41.36
CR1 Start43.07
Volume & EV
DER(3)2.74%
DER(5)2.51%
Volume223.00K
Volume Incr10.92%
Vol(5)256.16K
Vol(50)220.26K