SHOE CARNIVAL INC (SCVL) Technical Analysis
NASDAQ:SCVL • US8248891090
Current stock price
SCVL Technical Rating and Analysis
Overall SCVL gets a technical rating of 0 out of 10. SCVL'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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, SCVL is a bad performer in the overall market: 77% of all stocks are doing better.
- SCVL 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 SCVL is lagging the market.
- In the last month SCVL has a been trading in the 16.83 - 21.61 range, which is quite wide. It is currently trading near the lows of this range.
- SCVL is an average performer in the Specialty Retail industry, it outperforms 45% of 124 stocks in the same industry.
SCVL Weekly and Daily overview Charts
SCVL Setup Rating and Analysis
The technical rating of SCVL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
SCVL Support and Resistance Analysis
17.51
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 17.70 to 17.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 19.08 to 19.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.98 from a trend line in the weekly time frame.
- A resistance zone ranging from 20.49 to 20.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
SCVL 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 SCVL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SCVL is down. |
| ChartMill Relative Strength | 23.52 | NEGATIVE | SCVL has a low relative strength, it was outperformed by 76.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SCVL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SCVL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SCVL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.69 | NEUTRAL | The RSI value for SCVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests SCVL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.3 | OVERSOLD | The low Stochastics value suggests SCVL may be oversold. |
| Average True Range in percent/ATR (20) | 5.52 | HIGH VOLATILITY | The high ATR as a percentage value for SCVL suggests high volalility. |
| Average Directional Index/ADX (14) | 16.71 | NEGATIVE | The low ADX value for SCVL suggests a weak or negative trend. |
SCVL Chart- and CandleStick Pattern Analysis
SCVL Technicals: Chart, Performance Metrics, Trend & Indicators
17.69
+0.27 (+1.55%)
SHOE CARNIVAL INC / SCVL TA FAQ
What is the ChartMill technical rating of SHOE CARNIVAL INC (SCVL) stock?
ChartMill assigns a technical rating of 0 / 10 to SCVL.
What is the trend direction for SCVL stock?
The current trend direction for SHOE CARNIVAL INC (SCVL) is Bearish.
What is the RSI signal for SCVL stock?
SHOE CARNIVAL INC (SCVL) has an RSI value of 38.6893. This indicates that the stock is currently neutral.
What is the MACD signal for SCVL stock?
The MACD indicator for SHOE CARNIVAL INC (SCVL) has a value of -0.23591, indicating a bearish trend.
What is the support and resistance level for SCVL stock?
SHOE CARNIVAL INC (SCVL) has a resistance level at 17.7. Check the full technical report for our detailed analysis of SCVL support and resistance levels.