STARRETT (L.S.) CO -CL A (SCX) Stock Technical Analysis
USA - NYSE:SCX - US8556681091 - Common Stock
Overall SCX gets a technical rating of 9 out of 10. Both in the recent history as in the last year, SCX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, SCX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 16.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.16, a Stop Loss order could be placed below this zone.
More info and screens
9.66
We found 5 important support areas.
- A support zone ranging from 15.83 to 16.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.76 from a trend line in the daily time frame.
- Support @10.54 from a trend line in the weekly time frame.
- Support @10.13 from a trend line in the weekly time frame.
- Support @9.76 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 16.19 to 16.20. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for SCX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCX is up. |
| ChartMill Relative Strength | 96.41 | POSITIVE | SCX has a high relative strength, it outperformed 96.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SCX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SCX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.04 | OVERBOUGHT | The high RSI value suggests SCX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SCX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 88.39 | OVERBOUGHT | The high Stochastics value suggests SCX may be overbought. |
| Average True Range in percent/ATR (20) | 0.32 | LOW VOLATILITY | The low ATR as a percentage value for SCX suggests low volalility. |
| Average Directional Index/ADX (14) | 44.95 | POSITIVE | The high ADX value value for SCX suggests a strong 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 |
|---|---|---|---|
| 16.21 | 16.05 | 0.16 (0.99%) | 25.00% |
| An entry @16.21. This is a Buy Stop order right above the resistance zone. | An exit @16.05. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.16 points, which is 0.99%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.25%. |
- 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.
NYSE:SCX (5/22/2024, 8:04:00 PM)
16.18
+0.01 (+0.06%)
STARRETT (L.S.) CO -CL A / SCX FAQ
Can you provide the ChartMill technical rating for STARRETT (L.S.) CO -CL A?
ChartMill assigns a technical rating of 9 / 10 to SCX.
Can you provide the trend direction for STARRETT (L.S.) CO -CL A?
The current trend direction for STARRETT (L.S.) CO -CL A (SCX) is Bullish.
What is the RSI signal for STARRETT (L.S.) CO -CL A (SCX) stock?
STARRETT (L.S.) CO -CL A (SCX) has an RSI value of 70.0401. This indicates that the stock is currently overbought.
What is the short term momentum for STARRETT (L.S.) CO -CL A (SCX) stock?
The short term momentum for STARRETT (L.S.) CO -CL A (SCX) is positive.
Can you provide the buy/sell signal for STARRETT (L.S.) CO -CL A?
The buy/sell signal for STARRETT (L.S.) CO -CL A (SCX) is buy as both the short term and long term trends are positive.