SHARECARE INC (SHCR) Stock Technical Analysis
USA - NASDAQ:SHCR - US81948W1045 - Common Stock
Overall SHCR 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, SHCR is only an average performer.
Besides having an excellent technical rating, SHCR 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 1.44. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
1.10
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.41 to 1.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.37 to 1.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.11 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.44 to 1.44. 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 SHCR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHCR is up. |
| ChartMill Relative Strength | 76.2 | POSITIVE | SHCR has a high relative strength, it outperformed 76.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHCR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHCR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHCR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.32 | NEUTRAL | The RSI value for SHCR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SHCR has a negative trend. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for SHCR is a neutral value. |
| Average True Range in percent/ATR (20) | 0.73 | LOW VOLATILITY | The low ATR as a percentage value for SHCR suggests low volalility. |
| Average Directional Index/ADX (14) | 76.36 | POSITIVE | The high ADX value value for SHCR 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 |
|---|---|---|---|
| 1.45 | 1.41 | 0.04 (2.76%) | 25.00% |
| An entry @1.45. This is a Buy Stop order right above the resistance zone. | An exit @1.41. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.04 points, which is 2.76%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.69%. |
- 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.
1.43
-0.01 (-0.35%)
SHARECARE INC / SHCR FAQ
Can you provide the ChartMill technical rating for SHARECARE INC?
ChartMill assigns a technical rating of 7 / 10 to SHCR.
What is the current trend direction of SHARECARE INC (SHCR) stock?
The current trend direction for SHARECARE INC (SHCR) is Bullish.
What is the RSI signal for SHARECARE INC (SHCR) stock?
SHARECARE INC (SHCR) has an RSI value of 59.3185. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SHARECARE INC?
The MACD indicator for SHARECARE INC (SHCR) has a value of -0.000594005, indicating a bearish trend.
What is the support and resistance level for SHCR stock?
SHARECARE INC (SHCR) has a support level at 1.43 and a resistance level at 1.44. Check the full technical report for our detailed analysis of SHCR support and resistance levels.