SHOE CARNIVAL INC (SCVL) Stock Technical Analysis
NASDAQ:SCVL - Nasdaq - US8248891090 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to SCVL. SCVL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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.
88% of all other stocks performed better in the past year than SCVL.
SCVL is one of the lesser performing stocks in the Specialty Retail industry. 69% of 121 stocks in the same industry do better.
SCVL is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index 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 16.82 - 21.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
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
17.57
22.58
When analyzing the support we notice one important area.
- Support @17.75 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 19.60 to 19.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 20.26 to 20.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.06 from a trend line in the weekly time frame.
- Resistance @22.36 from a trend line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for SCVL is neutral. |
| ChartMill Relative Strength | 12.79 | NEGATIVE | SCVL has a low relative strength, it was outperformed by 87.21% 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 | 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) | 47.34 | NEUTRAL | The RSI value for SCVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests SCVL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.57 | NEUTRAL | The Stochastics value for SCVL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.59 | MEDIUM VOLATILITY | The ATR as a percentage value for SCVL suggests some volalility. |
| Average Directional Index/ADX (14) | 26.51 | POSITIVE | The high ADX value value for SCVL suggests a strong trend. |
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)
18.8
-0.71 (-3.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-3.64%
1 Week-7.21%
2 Weeks4.56%
1 Month4.5%
3 Month-14.58%
6 Month-44.54%
12 Month-49.29%
2 Year-3.93%
3 Year-31.03%
5 Year44.67%
10 Year36.03%
15 Year124.97%
Volatility
ATR(14)0.92
ATR(20)%4.59%
ATR Inc-29.27%
Range Today0.55
ADR(20)0.72
ADR(20)%3.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.79
Mansfield-4.25
10 Day High21.11
10 Day Low18.55
20 Day High21.11
20 Day Low16.82
52 Week High46.92
52 Week Low16.14
CS1 End17.75
CR1 Start19.6
Volume & EV
DER(3)0.16%
DER(5)1.91%
Volume301.30K
Volume Incr-26.41%
Vol(5)344.66K
Vol(50)558.44K