SOCIETAL CDMO INC (SCTL) Stock Technical Analysis
USA - NASDAQ:SCTL - US75629F1093 - Common Stock
Overall SCTL gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SCTL is showing a nice and steady performance.
Besides having an excellent technical rating, SCTL also presents 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 1.10. Right above this resistance zone may be a good entry point.
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3 important support areas can be observed.
- Support @1.07 from a horizontal line in the weekly time frame.
- Support @1.05 from a horizontal line in the daily time frame.
- Support @0.63 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.10 to 1.11. 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 SCTL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCTL is up. |
| ChartMill Relative Strength | 98.08 | POSITIVE | SCTL has a high relative strength, it outperformed 98.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCTL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SCTL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SCTL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.11 | OVERBOUGHT | The high RSI value suggests SCTL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SCTL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests SCTL may be overbought. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for SCTL suggests low volalility. |
| Average Directional Index/ADX (14) | 63.66 | POSITIVE | The high ADX value value for SCTL suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.12 | 1.07 | 0.06 (4.91%) | 20.36% |
| An entry @1.12. This is a Buy Stop order right above the resistance zone. | An exit @1.06. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.06 points, which is 4.91%. | For a 1.00% total portfolio risk, you can invest 20.36% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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+0.01 (+0.92%)
SOCIETAL CDMO INC / SCTL FAQ
Can you provide the ChartMill technical rating for SOCIETAL CDMO INC?
ChartMill assigns a technical rating of 9 / 10 to SCTL.
What is the trend direction for SCTL stock?
The current trend direction for SOCIETAL CDMO INC (SCTL) is Bullish.
What is the RSI signal for SOCIETAL CDMO INC (SCTL) stock?
SOCIETAL CDMO INC (SCTL) has an RSI value of 74.1088. This indicates that the stock is currently overbought.
What is the MACD signal for SOCIETAL CDMO INC (SCTL) stock?
The MACD indicator for SOCIETAL CDMO INC (SCTL) has a value of -0.0218, indicating a bearish trend.
What are the support and resistance levels for SOCIETAL CDMO INC (SCTL) stock?
SOCIETAL CDMO INC (SCTL) has a support level at 1.07 and a resistance level at 1.1. Check the full technical report for our detailed analysis of SCTL support and resistance levels.