SCSC Technical Analysis - SCANSOURCE INC

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to SCSC. SCSC was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.

When comparing the yearly performance of all stocks, SCSC is a bad performer in the overall market: 75% of all stocks are doing better.

SCSC is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 69% of 124 stocks in the same industry do better.

In the last month SCSC has a been trading in the 42.56 - 45.73 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

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.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SCANSOURCE INC / SCSC Weekly stock chart

Setup Rating and Analysis

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 42.42, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

37.39

45.86

We found 2 important support areas.

A support zone ranging from 42.20 to 42.42. 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.

We found 1 important resistance area.

A resistance zone ranging from 43.92 to 45.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The short term trend for SCSC is neutral.
ChartMill Relative Strength	25.1	NEGATIVE	SCSC has a low relative strength, it was outperformed by 74.9% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SCSC is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of SCSC is below 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)	42.49	NEUTRAL	The RSI value for SCSC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.2	NEGATIVE	The MACD value suggests SCSC has a negative trend.
Stochastics (14,3)	27.25	NEUTRAL	The Stochastics value for SCSC is a neutral value.
Average True Range in percent/ATR (20)	2.83	MEDIUM VOLATILITY	The ATR as a percentage value for SCSC suggests some volalility.
Average Directional Index/ADX (14)	8.06	NEGATIVE	The low ADX value for SCSC suggests a weak or negative trend.