SECUREWORKS CORP - A (SCWX) Stock Technical Analysis
USA - NASDAQ:SCWX - US81374A1051 - Common Stock
Taking everything into account, SCWX scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SCWX is only an average performer.
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
We found 4 important support 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.
2 important resistance areas can be observed.
- 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. |
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 trade has a worst case loss of 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%)
SECUREWORKS CORP - A / SCWX FAQ
What is the technical rating for SCWX stock?
ChartMill assigns a technical rating of 7 / 10 to SCWX.
Can you provide the trend direction for SECUREWORKS CORP - A?
The current trend direction for SECUREWORKS CORP - A (SCWX) is Bullish.
What is the RSI signal for SECUREWORKS CORP - A (SCWX) stock?
SECUREWORKS CORP - A (SCWX) has an RSI value of 70.9639. This indicates that the stock is currently overbought.
What is the buy/sell signal for SECUREWORKS CORP - A (SCWX) stock?
The buy/sell signal for SECUREWORKS CORP - A (SCWX) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SCWX stock?
SECUREWORKS CORP - A (SCWX) has a support level at 8.47 and a resistance level at 8.52. Check the full technical report for our detailed analysis of SCWX support and resistance levels.