SCANSOURCE INC (SCSC) Stock Technical Analysis
NASDAQ:SCSC - Nasdaq - US8060371072 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to SCSC. SCSC has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
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.
SCSC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, SCSC outperforms 42% of them, which is more or less in line with the market.
SCSC is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 51% of 125 stocks in the same industry.
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.
SCSC has an average technical rating and also 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
52.82
We found 4 important support areas.
- A support zone ranging from 40.17 to 40.33. 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 38.95 to 39.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.43 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 3 important areas.
- A resistance zone ranging from 40.70 to 40.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @42.06 from a horizontal line in the daily time frame.
- Resistance @52.30 from a horizontal line 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 | 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 | 42.45 | 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 | NEGATIVE | The current price of SCSC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.9 | NEUTRAL | The RSI value for SCSC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests SCSC has a negative trend. |
| Stochastics (14,3) | 75.04 | NEUTRAL | The Stochastics value for SCSC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for SCSC suggests some volalility. |
| Average Directional Index/ADX (14) | 37.74 | 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)
40.65
+0.01 (+0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.02%
1 Week2.7%
2 Weeks-0.07%
1 Month23.22%
3 Month11.04%
6 Month-19.36%
12 Month-14.29%
2 Year41.34%
3 Year4.93%
5 Year64.91%
10 Year4.5%
15 Year57.68%
Volatility
ATR(14)1.3
ATR(20)%3.24%
ATR Inc-41.41%
Range Today0.87
ADR(20)1.26
ADR(20)%3.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.45
Mansfield-1.04
10 Day High41.29
10 Day Low38.03
20 Day High42.08
20 Day Low32.76
52 Week High53.9
52 Week Low28.75
CS1 End40.33
CR1 Start40.7
Volume & EV
DER(3)-1.74%
DER(5)-2.42%
Volume124.83K
Volume Incr-37.54%
Vol(5)145.19K
Vol(50)269.22K