Taking everything into account, SCSC scores 1 out of 10 in our technical rating. SCSC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
SCSC has a poor technical rating and the quality of the setup is also not perfect 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
37.33
When analyzing the support we can see 2 important areas.
- A support zone ranging from 39.50 to 39.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.71 to 37.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 41.64 to 42.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 44.93 to 45.41. 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 | NEUTRAL | NEUTRAL | The long term trend for SCSC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SCSC is neutral. |
| ChartMill Relative Strength | 22.98 | NEGATIVE | SCSC has a low relative strength, it was outperformed by 77.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SCSC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SCSC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SCSC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.6 | NEUTRAL | The RSI value for SCSC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests SCSC has a positive trend. |
| Stochastics (14,3) | 80.8 | OVERBOUGHT | The high Stochastics value suggests SCSC may be overbought. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for SCSC suggests some volalility. |
| Average Directional Index/ADX (14) | 27.64 | POSITIVE | The high ADX value value for SCSC suggests a strong trend. |
41.33
+0.2 (+0.49%)
SCANSOURCE INC / SCSC FAQ
Can you provide the ChartMill technical rating for SCANSOURCE INC?
ChartMill assigns a technical rating of 1 / 10 to SCSC.
Can you provide the trend direction for SCANSOURCE INC?
The current trend direction for SCANSOURCE INC (SCSC) is Bearish.
What is the RSI signal for SCANSOURCE INC (SCSC) stock?
SCANSOURCE INC (SCSC) has an RSI value of 52.5965. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SCANSOURCE INC?
The MACD indicator for SCANSOURCE INC (SCSC) has a value of 0.160638, indicating a bearish trend.
What is the short term momentum for SCSC stock?
The short term momentum for SCANSOURCE INC (SCSC) is neutral.