STEEL CONNECT INC (STCN) Stock Technical Analysis
NASDAQ:STCN - US8580982051 - Common Stock
12.18 USD
-0.29 (-2.33%)
12.26 USD
+0.08 (+0.66%)
Taking everything into account, STCN scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, STCN has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
STCN is one of the better performing stocks in the IT Services industry, it outperforms 75% of 85 stocks in the same industry.
STCN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so STCN is lagging the market slightly.
STCN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that STCN is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
STCN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 12.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.17, 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.
More info and screens
9.56
13.09
We found 2 important support areas.
- A support zone ranging from 12.17 to 12.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.66 to 9.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 12.34 to 12.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 12.89 to 12.96. 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 STCN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STCN is up. |
| ChartMill Relative Strength | 85.09 | POSITIVE | STCN has a high relative strength, it outperformed 85.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of STCN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of STCN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of STCN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.44 | NEUTRAL | The RSI value for STCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests STCN has a negative trend. |
| Stochastics (14,3) | 68.21 | NEUTRAL | The Stochastics value for STCN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for STCN suggests some volalility. |
| Average Directional Index/ADX (14) | 26.08 | POSITIVE | The high ADX value value for STCN suggests a strong trend. |
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)
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)
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 |
|---|---|---|---|
| 12.59 | 12.16 | 0.43 (3.42%) | 25.00% |
| An entry @12.59. This is a Buy Stop order right above the resistance zone. | An exit @12.16. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.43 points, which is 3.42%. | For a 0.85% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of STCN. 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.
12.18
-0.29 (-2.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-2.33%
1 Week-2.56%
2 Weeks-2.4%
1 Month-1.22%
3 Month15.19%
6 Month-5.8%
12 Month26.61%
2 Year822.73%
3 Year987.5%
5 Year770%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%2.56%
ATR Inc42.95%
Range Today0.58
ADR(20)0.3
ADR(20)%2.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.09
Mansfield0.08
10 Day High12.58
10 Day Low11.46
20 Day High12.76
20 Day Low11.46
52 Week High13
52 Week Low7.36
CS1 End12.17
CR1 Start12.34
Volume & EV
DER(3)-22.44%
DER(5)-18.33%
Volume290.80K
Volume Incr260.85%
Vol(5)80.86K
Vol(50)31.35K