SCANSOURCE INC (SCSC) Technical Analysis
NASDAQ:SCSC • US8060371072
Current stock price
SCSC Technical Rating and Analysis
Taking everything into account, SCSC scores 1 out of 10 in our technical rating. SCSC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- In the last month SCSC has a been trading in the 33.79 - 37.29 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- When compared to the yearly performance of all other stocks, SCSC outperforms 51% 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 41% of 124 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 Weekly and Daily overview Charts
SCSC Setup Rating and Analysis
SCSC has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 37.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.48, a Stop Loss order could be placed below this zone.
More info and screens
SCSC Support and Resistance Analysis
33.92
When analyzing the support we can see 2 important areas.
- A support zone ranging from 35.94 to 36.48. 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 34.26 to 34.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 37.45 to 38.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @41.53 from a trend line in the weekly time frame.
- Resistance @42.90 from a horizontal line in the daily time frame.
- Resistance @45.27 from a horizontal line in the daily time frame.
SCSC 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 | DOWN | NEGATIVE | The long term trend for SCSC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SCSC is neutral. |
| ChartMill Relative Strength | 51.88 | NEUTRAL | SCSC is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of SCSC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.11 | NEUTRAL | The RSI value for SCSC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests SCSC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.9 | NEUTRAL | The Stochastics value for SCSC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for SCSC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.52 | NEGATIVE | The low ADX value for SCSC suggests a weak or negative trend. |
SCSC Chart- and CandleStick Pattern Analysis
SCSC Technicals: Chart, Performance Metrics, Trend & Indicators
36.49
-0.06 (-0.16%)
SCANSOURCE INC / SCSC TA FAQ
Can you provide the ChartMill technical rating for SCANSOURCE INC?
ChartMill assigns a technical rating of 1 / 10 to SCSC.
What is the current trend direction of SCANSOURCE INC (SCSC) stock?
The current trend direction for SCANSOURCE INC (SCSC) is Bearish.
Can you provide the RSI signal for SCANSOURCE INC?
SCANSOURCE INC (SCSC) has an RSI value of 50.1058. 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 0.199093, indicating a bearish trend.