SECUREWORKS CORP - A (SCWX) Stock Technical Analysis
NASDAQ:SCWX - Nasdaq - US81374A1051 - Common Stock - Currency: USD
Overall SCWX gets a technical rating of 7 out of 10. Although SCWX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the performance of all stocks over the past year, SCWX turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
SCWX is an average performer in the Software industry, it outperforms 59% of 284 stocks in the same industry.
SCWX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SCWX is lagging the market slightly.
In the last month SCWX has a been trading in a tight range between 8.40 and 8.53.
Volume is considerably higher in the last couple of days.
Although SCWX has an excellent technical rating, the quality of the presented setup is not ideal 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
5.61
8.95
When analyzing the support we can see 4 important areas.
- A support zone ranging from 8.36 to 8.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.16 from a horizontal line in the daily time frame.
- Support @6.01 from a trend line in the weekly time frame.
- Support @5.67 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 8.52 to 8.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 8.73 to 8.86. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for SCWX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCWX is up. |
| ChartMill Relative Strength | 64.8 | NEUTRAL | SCWX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCWX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SCWX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SCWX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.96 | OVERBOUGHT | The high RSI value suggests SCWX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SCWX has a positive trend. |
| Stochastics (14,3) | 81.72 | OVERBOUGHT | The high Stochastics value suggests SCWX may be overbought. |
| Average True Range in percent/ATR (20) | 0.3 | LOW VOLATILITY | The low ATR as a percentage value for SCWX suggests low volalility. |
| Average Directional Index/ADX (14) | 23.34 | NEUTRAL | The ADX value for SCWX suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 8.54 | 8.43 | 0.11 (1.29%) | 25.00% |
| An entry @8.54. This is a Buy Stop order right above the resistance zone. | An exit @8.43. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.11 points, which is 1.29%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.32%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
8.51
+0.02 (+0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.24%
1 Week0.47%
2 Weeks0.83%
1 Month0.59%
3 Month1.67%
6 Month6.51%
12 Month11.24%
2 Year6.11%
3 Year-42.31%
5 Year-45.9%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.3%
ATR Inc22.09%
Range Today0.04
ADR(20)0.02
ADR(20)%0.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.8
Mansfield0.6
10 Day High8.53
10 Day Low8.44
20 Day High8.53
20 Day Low8.4
52 Week High9.76
52 Week Low5.61
CS1 End8.47
CR1 Start8.52
Volume & EV
DER(3)8.39%
DER(5)5.89%
Volume2.16M
Volume Incr462.35%
Vol(5)863.80K
Vol(50)317.62K