374WATER INC (SCWO) Technical Analysis
NASDAQ:SCWO • US88583P2039
Overall SCWO gets a technical rating of 1 out of 10. SCWO'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.
- 84% of all other stocks performed better in the past year than SCWO.
- SCWO is one of the lesser performing stocks in the Machinery industry. 78% of 131 stocks in the same industry do better.
- SCWO 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 SCWO is lagging the market.
- In the last month SCWO has a been trading in the 2.30 - 2.93 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.
Although the technical rating is bad, SCWO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 2.44, a Stop Loss order could be placed below this zone.
More info and screens
2.31
2 important support areas can be observed.
- A support zone ranging from 2.39 to 2.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @2.33 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @2.48 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.56 to 2.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.66 from a trend line in the daily time frame.
- A resistance zone ranging from 2.71 to 2.75. 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 SCWO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SCWO is down. |
| ChartMill Relative Strength | 16.52 | NEGATIVE | SCWO has a low relative strength, it was outperformed by 83.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SCWO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SCWO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SCWO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.61 | NEUTRAL | The RSI value for SCWO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SCWO has a negative trend. |
| Stochastics (14,3) | 42.04 | NEUTRAL | The Stochastics value for SCWO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.69 | HIGH VOLATILITY | The high ATR as a percentage value for SCWO suggests high volalility. |
| Average Directional Index/ADX (14) | 19.08 | NEGATIVE | The low ADX value for SCWO suggests a weak or negative trend. |
SCWO Technicals: Chart, Performance Metrics, Trend & Indicators
2.47
-0.05 (-1.98%)
374WATER INC / SCWO FAQ
What is the technical rating for SCWO stock?
ChartMill assigns a technical rating of 1 / 10 to SCWO.
What is the trend direction for SCWO stock?
The current trend direction for 374WATER INC (SCWO) is Bearish.
What is the RSI signal for SCWO stock?
374WATER INC (SCWO) has an RSI value of 43.6068. This indicates that the stock is currently neutral.
Can you provide the short term momentum for 374WATER INC?
The short term momentum for 374WATER INC (SCWO) is negative.
Can you provide the buy/sell signal for 374WATER INC?
The buy/sell signal for 374WATER INC (SCWO) is sell as both the short term and long term trends are negative.