SOLARCITY CORP (SCTY) Stock Technical Analysis
NASDAQ:SCTY - Nasdaq - US83416T1007
We assign a technical rating of 2 out of 10 to SCTY. 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 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.
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 has a bad technical rating, but it does show a decent setup pattern. 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. Another positive sign is the recent Pocket Pivot signal.
- 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
18.36
21.06
We found 3 important support areas.
- 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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
20.34
-0.06 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.29%
1 Week0.64%
2 Weeks0.79%
1 Month1.75%
3 Month-13.45%
6 Month-7.29%
12 Month-29.96%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.02
ATR(20)%4.87%
ATR Inc-13.63%
Range Today0.85
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.59
Mansfield-2.7
10 Day High21.19
10 Day Low19.07
20 Day High21.39
20 Day Low18.38
52 Week High58.87
52 Week Low16.2
CS1 End20.14
CR1 Start20.42
Volume & EV
DER(3)-2.48%
DER(5)-2.28%
Volume9.76M
Volume Incr96.62%
Vol(5)6.99M
Vol(50)3.78M