374WATER INC (SCWO) Stock Technical Analysis
NASDAQ:SCWO - Nasdaq - US88583P1049 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to SCWO. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, SCWO is a bad performer in the overall market: 89% of all stocks are doing better.
SCWO is one of the lesser performing stocks in the Machinery industry. 81% of 128 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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month SCWO has a been trading in the 0.35 - 0.58 range, which is quite wide. It is currently trading near the lows of this range.
SCWO has an average volume of 1524650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
SCWO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.31
0.48
3 important support areas can be observed.
- A support zone ranging from 0.37 to 0.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.36 to 0.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.31 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 0.41 to 0.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.42 from a horizontal line in the daily time frame.
- Resistance @0.44 from a horizontal line in the weekly time frame.
- Resistance @0.48 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 SCWO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SCWO is neutral. |
| ChartMill Relative Strength | 11.76 | NEGATIVE | SCWO has a low relative strength, it was outperformed by 88.24% 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 | POSITIVE | The current price of SCWO is above 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) | 53.34 | NEUTRAL | The RSI value for SCWO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SCWO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.06 | NEUTRAL | The Stochastics value for SCWO is a neutral value. |
| Average True Range in percent/ATR (20) | 16.09 | HIGH VOLATILITY | The high ATR as a percentage value for SCWO suggests high volalility. |
| Average Directional Index/ADX (14) | 36.47 | POSITIVE | The high ADX value value for SCWO 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)
0.4052
+0.02 (+3.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg3.9%
1 Week1.55%
2 Weeks-0.88%
1 Month-13.79%
3 Month20.6%
6 Month-40.36%
12 Month-66.23%
2 Year-83.05%
3 Year-86.22%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%16.09%
ATR Inc-13.98%
Range Today0.05
ADR(20)0.06
ADR(20)%15.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.76
Mansfield-5.27
10 Day High0.44
10 Day Low0.35
20 Day High0.58
20 Day Low0.35
52 Week High1.99
52 Week Low0.25
CS1 End0.37
CR1 Start0.41
Volume & EV
DER(3)-2.36%
DER(5)0.5%
Volume699.60K
Volume Incr-81.71%
Vol(5)626.62K
Vol(50)1.52M