SU Technical Analysis - SCHNEIDER ELECTRIC SE

Technical Rating and Analysis

Taking everything into account, SU scores 8 out of 10 in our technical rating. Although SU is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Both the short term and long term trends are positive. This is a very positive sign.

SU 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 SU is lagging the market slightly.

SU 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.

When compared to the yearly performance of all other stocks, SU outperforms 45% of them, which is more or less in line with the market.

SU is part of the Electrical Equipment industry. There are 61 other stocks in this industry, SU did better than 63% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SCHNEIDER ELECTRIC SE / SU Weekly stock chart

SCHNEIDER ELECTRIC SE / SU Daily stock chart

Setup Rating and Analysis

Although SU has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

210.72

259.97

3 important support areas can be observed.

A support zone ranging from 245.14 to 247.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 217.88 to 219.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @212.85 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 250.50 to 251.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @257.40 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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 SU.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SU.PA is up.
ChartMill Relative Strength	45.23	NEUTRAL	SU.PA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SU.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SU.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of SU.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	59.24	NEUTRAL	The RSI value for SU.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.68	NEGATIVE	The MACD value suggests SU.PA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	52.04	NEUTRAL	The Stochastics value for SU.PA is a neutral value.
Average True Range in percent/ATR (20)	2.37	MEDIUM VOLATILITY	The ATR as a percentage value for SU.PA suggests some volalility.
Average Directional Index/ADX (14)	33.27	POSITIVE	The high ADX value value for SU.PA suggests a strong trend.