SECUREWORKS CORP - A (SCWX) Technical Analysis
NASDAQ:SCWX • US81374A1051
Current stock price
SCWX Technical Rating and Analysis
Overall SCWX gets a technical rating of 7 out of 10. 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.
- The long and short term trends are both positive. This is looking good!
- SCWX is part of the Software industry. There are 271 other stocks in this industry. SCWX outperforms 81% of them.
- 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 currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SCWX is lagging the market.
- 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.
SCWX Weekly and Daily overview Charts
SCWX Setup Rating and Analysis
SCWX has an excellent technical rating, but the quality of the setup is only medium 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
SCWX Support and Resistance Analysis
5.61
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.
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.
SCWX Technical Indicator Signal Analysis
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. |
SCWX Chart- and CandleStick Pattern Analysis
SCWX Example Setup
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.
SCWX Technicals: Chart, Performance Metrics, Trend & Indicators
8.51
+0.02 (+0.24%)
SECUREWORKS CORP - A / SCWX TA FAQ
Can you provide the ChartMill technical rating for SECUREWORKS CORP - A?
ChartMill assigns a technical rating of 7 / 10 to SCWX.
What is the current trend direction of SECUREWORKS CORP - A (SCWX) stock?
The current trend direction for SECUREWORKS CORP - A (SCWX) is Bullish.
Can you provide the RSI signal for SECUREWORKS CORP - A?
SECUREWORKS CORP - A (SCWX) has an RSI value of 70.9639. This indicates that the stock is currently overbought.
What is the short term momentum for SECUREWORKS CORP - A (SCWX) stock?
The short term momentum for SECUREWORKS CORP - A (SCWX) is positive.
Can you provide the support and resistance levels for SECUREWORKS CORP - A?
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.