Global X Jpmorgan US Sector Rot (SCTO) Technical Analysis
NYSEARCA:SCTO
Current stock price
SCTO Technical Rating and Analysis
Taking everything into account, SCTO scores 1 out of 10 in our technical rating. SCTO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 73% of all other stocks performed better in the past year than SCTO.
- SCTO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SCTO is lagging the market.
- Warning: SCTO has an average volume of 488 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month SCTO has a been trading in a tight range between 22.75 and 22.90.
SCTO Weekly and Daily overview Charts
SCTO Setup Rating and Analysis
SCTO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 22.85, a Stop Loss order could be placed below this zone.
More info and screens
SCTO Support and Resistance Analysis
22.55
When analyzing the support we notice one important area.
- A support zone ranging from 22.78 to 22.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 22.86 to 23.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.99 from a trend line in the weekly time frame.
- A resistance zone ranging from 24.71 to 24.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.77 from a trend line in the weekly time frame.
SCTO 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 SCTO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SCTO is down. |
| ChartMill Relative Strength | 27.68 | NEGATIVE | SCTO has a low relative strength, it was outperformed by 72.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCTO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SCTO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SCTO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.85 | NEUTRAL | The RSI value for SCTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SCTO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.31 | NEUTRAL | The Stochastics value for SCTO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.09 | LOW VOLATILITY | The low ATR as a percentage value for SCTO suggests low volalility. |
SCTO Chart- and CandleStick Pattern Analysis
SCTO Technicals: Chart, Performance Metrics, Trend & Indicators
Global X Jpmorgan US Sector Rot
NYSEARCA:SCTO (7/5/2019, 8:04:03 PM)
22.85
0 (0%)
Global X Jpmorgan US Sector Rot / SCTO TA FAQ
What is the ChartMill technical rating of Global X Jpmorgan US Sector Rot (SCTO) stock?
ChartMill assigns a technical rating of 1 / 10 to SCTO.
What is the current trend direction of Global X Jpmorgan US Sector Rot (SCTO) stock?
The current trend direction for Global X Jpmorgan US Sector Rot (SCTO) is Bearish.
What is the RSI signal for SCTO stock?
Global X Jpmorgan US Sector Rot (SCTO) has an RSI value of 37.8463. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Global X Jpmorgan US Sector Rot?
The MACD indicator for Global X Jpmorgan US Sector Rot (SCTO) has a value of 0.0410355, indicating a bearish trend.
What is the support and resistance level for SCTO stock?
Global X Jpmorgan US Sector Rot (SCTO) has a support level at 22.85 and a resistance level at 22.86. Check the full technical report for our detailed analysis of SCTO support and resistance levels.