SHOE CARNIVAL INC (SCVL) Stock Technical Analysis
USA - NASDAQ:SCVL - US8248891090 - Common Stock
We assign a technical rating of 0 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 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
16.51
5 important resistance areas can be observed.
- A resistance zone ranging from 17.02 to 17.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @17.52 from a horizontal line in the daily time frame.
- A resistance zone ranging from 20.02 to 20.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @21.23 from a trend line in the weekly time frame.
- Resistance @36.64 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The short term trend for SCVL is down. |
| ChartMill Relative Strength | 8.22 | NEGATIVE | SCVL has a low relative strength, it was outperformed by 91.78% 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) | 35.89 | NEUTRAL | The RSI value for SCVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SCVL has a positive trend. |
| Stochastics (14,3) | 13.46 | OVERSOLD | The low Stochastics value suggests SCVL may be oversold. |
| Average True Range in percent/ATR (20) | 4.56 | MEDIUM VOLATILITY | The ATR as a percentage value for SCVL suggests some volalility. |
| Average Directional Index/ADX (14) | 31.56 | POSITIVE | The high ADX value value for SCVL suggests a strong trend. |
16.68
+0.15 (+0.91%)
SHOE CARNIVAL INC / SCVL FAQ
What is the ChartMill technical rating of SHOE CARNIVAL INC (SCVL) stock?
ChartMill assigns a technical rating of 0 / 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 35.8905. 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 sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for SHOE CARNIVAL INC?
SHOE CARNIVAL INC (SCVL) has a resistance level at 17.02. Check the full technical report for our detailed analysis of SCVL support and resistance levels.