SOLARCITY CORP (SCTY) Technical Analysis
NASDAQ:SCTY • US83416T1007
Current stock price
SCTY Technical Rating and Analysis
Overall SCTY gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. SCTY was also a bad performer in the overall market in the last year.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, SCTY is a bad performer in the overall market: 88% of all stocks are doing better.
- SCTY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month SCTY has a been trading in the 18.38 - 21.39 range, which is quite wide. It is currently trading near the high of this range.
- SCTY has an average volume of 3775270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
SCTY Weekly and Daily overview Charts
SCTY Setup Rating and Analysis
Although the technical rating is bad, SCTY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 20.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.14, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
SCTY Support and Resistance Analysis
18.36
3 important support areas can be observed.
- A support zone ranging from 19.91 to 20.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @19.05 from a trend line in the daily time frame.
- A support zone ranging from 18.55 to 18.68. 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 20.42 to 20.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
SCTY 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 SCTY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SCTY is neutral. |
| ChartMill Relative Strength | 12.59 | NEGATIVE | SCTY has a low relative strength, it was outperformed by 87.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCTY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SCTY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SCTY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.74 | NEUTRAL | The RSI value for SCTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SCTY has a positive trend. |
| Stochastics (14,3) | 65.93 | NEUTRAL | The Stochastics value for SCTY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.87 | MEDIUM VOLATILITY | The ATR as a percentage value for SCTY suggests some volalility. |
SCTY Chart- and CandleStick Pattern Analysis
SCTY Technicals: Chart, Performance Metrics, Trend & Indicators
20.34
-0.06 (-0.29%)
SOLARCITY CORP / SCTY TA FAQ
Can you provide the ChartMill technical rating for SOLARCITY CORP?
ChartMill assigns a technical rating of 2 / 10 to SCTY.
Can you provide the trend direction for SOLARCITY CORP?
The current trend direction for SOLARCITY CORP (SCTY) is Bearish.
Can you provide the RSI signal for SOLARCITY CORP?
SOLARCITY CORP (SCTY) has an RSI value of 53.7408. This indicates that the stock is currently neutral.
What is the short term momentum for SOLARCITY CORP (SCTY) stock?
The short term momentum for SOLARCITY CORP (SCTY) is neutral.
What is the support and resistance level for SCTY stock?
SOLARCITY CORP (SCTY) has a support level at 20.14 and a resistance level at 20.42. Check the full technical report for our detailed analysis of SCTY support and resistance levels.