SWITCH INC - A (SWCH) Stock Technical Analysis
USA - NYSE:SWCH - US87105L1044 - Common Stock
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.
Besides having an excellent technical rating, SWCH 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. 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
32.50
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.
When analyzing the resistance we notice one important 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.
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 SWCH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SWCH is up. |
| ChartMill Relative Strength | 92.11 | POSITIVE | SWCH has a high relative strength, it outperformed 92.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SWCH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SWCH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SWCH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.48 | NEUTRAL | The RSI value for SWCH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SWCH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.21 | OVERBOUGHT | The high Stochastics value suggests SWCH may be overbought. |
| Average True Range in percent/ATR (20) | 0.23 | LOW VOLATILITY | The low ATR as a percentage value for SWCH suggests low volalility. |
| Average Directional Index/ADX (14) | 20.22 | NEUTRAL | The ADX value for SWCH suggests a possible start of a new 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 |
|---|---|---|---|
| 34.27 | 34.13 | 0.14 (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 trade has a worst case loss of 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.
34.25
+0.02 (+0.06%)
SWITCH INC - A / SWCH FAQ
Can you provide the ChartMill technical rating for SWITCH INC - A?
ChartMill assigns a technical rating of 8 / 10 to SWCH.
What is the trend direction for SWCH stock?
The current trend direction for SWITCH INC - A (SWCH) is Bullish.
What is the RSI signal for SWITCH INC - A (SWCH) stock?
SWITCH INC - A (SWCH) has an RSI value of 65.4774. This indicates that the stock is currently neutral.
What is the short term momentum for SWITCH INC - A (SWCH) stock?
The short term momentum for SWITCH INC - A (SWCH) is positive.
What is the buy/sell signal for SWCH stock?
The buy/sell signal for SWITCH INC - A (SWCH) is buy as both the short term and long term trends are positive.