SCANSOURCE INC (SCSC) Stock Technical Analysis
USA - NASDAQ:SCSC - US8060371072 - Common Stock
We assign a technical rating of 2 out of 10 to SCSC. SCSC performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
Although the technical rating is bad, SCSC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 42.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 42.12, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SCSC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
37.39
When analyzing the support we can see 3 important areas.
- A support zone ranging from 41.80 to 42.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.91 from a horizontal line in the daily time frame.
- 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 can see 2 important resistance areas.
- A resistance zone ranging from 42.52 to 43.34. 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 | 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 | 23.05 | NEGATIVE | SCSC has a low relative strength, it was outperformed by 76.95% 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) | DOWN | MIXED | The current price of SCSC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.56 | NEUTRAL | The RSI value for SCSC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests SCSC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.85 | NEUTRAL | The Stochastics value for SCSC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for SCSC suggests some volalility. |
| Average Directional Index/ADX (14) | 9.85 | NEGATIVE | The low ADX value for SCSC suggests a weak or negative trend. |
42.28
-0.62 (-1.46%)
SCANSOURCE INC / SCSC FAQ
Can you provide the ChartMill technical rating for SCANSOURCE INC?
ChartMill assigns a technical rating of 2 / 10 to SCSC.
Can you provide the trend direction for SCANSOURCE INC?
The current trend direction for SCANSOURCE INC (SCSC) is Bullish.
What is the RSI signal for SCANSOURCE INC (SCSC) stock?
SCANSOURCE INC (SCSC) has an RSI value of 47.56. 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 0.0689729, indicating a bearish trend.
What is the short term momentum for SCSC stock?
The short term momentum for SCANSOURCE INC (SCSC) is neutral.