STARRETT (L.S.) CO -CL A (SCX)

US8556681091 - Common Stock

16.02  0 (0%)

Technical Rating and Analysis

10

Overall SCX gets a technical rating of 10 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.

Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SCX did better than 90% of all other stocks. On top of that, SCX also shows a nice and consistent pattern of rising prices.
SCX is one of the better performing stocks in the Machinery industry, it outperforms 82% of 132 stocks in the same industry.
SCX is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SCX is leading the market.
In the last month SCX has a been trading in a tight range between 15.80 and 16.04.

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Weekly and Daily overview Charts
SCX Weekly chart
SCX Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, SCX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 16.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.02, a Stop Loss order could be placed below this zone. 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.

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Support and Resistance Analysis

9.66

16.20

When analyzing the support we can see 5 important areas.

  • A support zone ranging from 15.82 to 16.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @10.50 from a trend line in the daily time frame.
  • Support @10.33 from a trend line in the weekly time frame.
  • Support @9.98 from a trend line in the weekly time frame.
  • Support @9.76 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 16.03 to 16.04. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.86
Mansfield2.48
10 Day High16.04
10 Day Low15.96
20 Day High16.04
20 Day Low15.8
52 Week High16.04
52 Week Low8.55
Performance
1 Week0%
2 Weeks0.06%
1 Month0.82%
3 Month18.67%
6 Month54.19%
12 Month50%
2 Year138.75%
3 Year162.19%
5 Year122.19%
10 Year2.56%
15 Year56.45%

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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)

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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)
Technical Indicators
MACD(12,26,9)-0.12
RSI(14)73.8
LBB15.93
UBB16.07

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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.

ENTRYEXITDISTANCECAPITAL
16.0515.950.10 (0.62%)25.00%
An entry @16.05. This is a Buy Stop order right above the resistance zone.An exit @15.95. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.10 points, which is 0.62%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.16%.

  • 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.

More info and screens

SCX Daily chart

STARRETT (L.S.) CO -CL A

NYSE:SCX (4/26/2024, 7:15:25 PM)

16.02

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0%
1 Week0%
2 Weeks0.06%
1 Month0.82%
3 Month18.67%
6 Month54.19%
12 Month50%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.04
ATR(20)%0.32%
ATR Inc
Range Today0.02
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High16.04
10 Day Low15.96
20 Day High16.04
20 Day Low15.8
52 Week High16.04
52 Week Low8.55
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume43.60K
Volume Incr127.09%
Vol(5)103.52K
Vol(50)83.91K