SOHO HOUSE & CO INC (SHCO) Stock Technical Analysis
NYSE:SHCO • US5860011098
Taking everything into account, SHCO scores 7 out of 10 in our technical rating. Although SHCO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- SHCO is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry. SHCO outperforms 70% of them.
- SHCO is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SHCO has a been trading in the 6.94 - 9.00 range, which is quite wide. It is currently trading near the high of this range.
- SHCO has an average volume of 1419170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, SHCO turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, SHCO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 9.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.92, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SHCO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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We found 4 important support areas.
- A support zone ranging from 8.68 to 8.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.12 from a trend line in the weekly time frame.
- A support zone ranging from 7.77 to 7.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.63 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.00 to 9.01. 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 SHCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHCO is up. |
| ChartMill Relative Strength | 58.82 | NEUTRAL | SHCO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.53 | NEUTRAL | The RSI value for SHCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests SHCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 98.69 | OVERBOUGHT | The high Stochastics value suggests SHCO may be overbought. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for SHCO suggests some volalility. |
| Average Directional Index/ADX (14) | 27.86 | POSITIVE | The high ADX value value for SHCO 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 |
|---|---|---|---|
| 9.02 | 8.67 | 0.35 (3.88%) | 25.00% |
| An entry @9.02. This is a Buy Stop order right above the resistance zone. | An exit @8.67. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.35 points, which is 3.88%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.97%. |
- The distance between exit and entry is rather small compared to the average daily movement of SHCO. Please evaluate whether better entry and exit points can be found.
- 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.
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-0.01 (-0.11%)
SOHO HOUSE & CO INC / SHCO FAQ
What is the technical rating for SHCO stock?
ChartMill assigns a technical rating of 7 / 10 to SHCO.
Can you provide the trend direction for SOHO HOUSE & CO INC?
The current trend direction for SOHO HOUSE & CO INC (SHCO) is Bullish.
What is the RSI signal for SHCO stock?
SOHO HOUSE & CO INC (SHCO) has an RSI value of 59.5329. This indicates that the stock is currently neutral.
What is the short term momentum for SOHO HOUSE & CO INC (SHCO) stock?
The short term momentum for SOHO HOUSE & CO INC (SHCO) is positive.
Can you provide the buy/sell signal for SOHO HOUSE & CO INC?
The buy/sell signal for SOHO HOUSE & CO INC (SHCO) is buy as both the short term and long term trends are positive.