Taking everything into account, SCVL scores 2 out of 10 in our technical rating. In the past year, SCVL was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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
16.84
When analyzing the support we can see 2 important areas.
- A support zone ranging from 18.09 to 18.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.01 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 18.63 to 18.74. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @19.11 from a horizontal line in the daily time frame.
- A resistance zone ranging from 20.00 to 20.26. 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 | DOWN | NEGATIVE | The long term trend for SCVL is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCVL is up. |
| ChartMill Relative Strength | 9.9 | NEGATIVE | SCVL has a low relative strength, it was outperformed by 90.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCVL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SCVL is above 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) | 54.17 | NEUTRAL | The RSI value for SCVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests SCVL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.99 | NEUTRAL | The Stochastics value for SCVL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.45 | HIGH VOLATILITY | The high ATR as a percentage value for SCVL suggests high volalility. |
| Average Directional Index/ADX (14) | 21.76 | NEUTRAL | The ADX value for SCVL suggests a possible start of a new trend. |
18.5
-0.32 (-1.7%)
SHOE CARNIVAL INC / SCVL FAQ
What is the ChartMill technical rating of SHOE CARNIVAL INC (SCVL) stock?
ChartMill assigns a technical rating of 2 / 10 to SCVL.
Can you provide the trend direction for SHOE CARNIVAL INC?
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 54.1693. This indicates that the stock is currently neutral.
What is the buy/sell signal for SCVL stock?
The buy/sell signal for SHOE CARNIVAL INC (SCVL) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for SHOE CARNIVAL INC?
SHOE CARNIVAL INC (SCVL) has a support level at 18.37 and a resistance level at 18.63. Check the full technical report for our detailed analysis of SCVL support and resistance levels.