SWITCH INC - A (SWCH)

US87105L1044 - Common Stock

34.25  +0.02 (+0.06%)

After market: 34.26 +0.01 (+0.03%)

Technical Rating and Analysis

9

Taking everything into account, SWCH scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SWCH is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.
SWCH is one of the better performing stocks in the IT Services industry, it outperforms 91% of 86 stocks in the same industry.
SWCH 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 SWCH is leading the market.
SWCH has an average volume of 2347580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SWCH did better than 92% of all other stocks. On top of that, SWCH also shows a nice and consistent pattern of rising prices. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month SWCH has a been trading in a tight range between 33.77 and 34.26.
Weekly and Daily overview Charts
SWCH Weekly chart
SWCH Daily chart
Setup Rating and Analysis

8

SWCH has an excellent technical rating and 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 34.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.21, 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.
Support and Resistance Analysis

32.50

34.73

When analyzing the support we notice one important area.

  • A support zone ranging from 32.83 to 34.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 34.26 to 34.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
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
CRS92.11
Mansfield1.15
10 Day High34.26
10 Day Low34.14
20 Day High34.26
20 Day Low33.77
52 Week High34.26
52 Week Low23.03
Performance
1 Week0.12%
2 Weeks0.29%
1 Month0.74%
3 Month0.74%
6 Month2.12%
12 Month27.8%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)65.48
LBB34.06
UBB34.3
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
34.2734.130.14 (0.41%)25.00%
An entry @34.27. This is a Buy Stop order right above the 10 day high.An exit @34.13. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.14 points, which is 0.41%.For a 0.10% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • 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.
SWCH Daily chart

SWITCH INC - A

NYSE:SWCH (12/5/2022, 7:04:00 PM)

After market: 34.26 +0.01 (+0.03%)

34.25

+0.02 (+0.06%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.06%
1 Week0.12%
2 Weeks0.29%
1 Month0.74%
3 Month0.74%
6 Month2.12%
12 Month27.8%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.05
ATR(20)%0.23%
ATR Inc
Range Today0.03
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 High34.26
10 Day Low34.14
20 Day High34.26
20 Day Low33.77
52 Week High34.26
52 Week Low23.03
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume7.55M
Volume Incr21.91%
Vol(5)3.09M
Vol(50)2.35M