SCANSOURCE INC (SCSC)
US8060371072 - Common Stock
We assign a technical rating of 10 out of 10 to SCSC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SCSC is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SCSC did better than 83% of all other stocks. We also observe that the gains produced by SCSC over the past year are nicely spread over this period.
SCSC is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry. SCSC outperforms 74% of them.
SCSC 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 SCSC is lagging the market slightly.
SCSC 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.
SCSC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 51.93. Right above this resistance zone may be a good entry point.
More info and screens
41.06
52.83
We found 5 important support areas.
- A support zone ranging from 47.55 to 47.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.25 to 44.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @43.47 from a horizontal line in the weekly time frame.
- A support zone ranging from 42.40 to 42.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @41.47 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 51.93 to 52.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.82
Mansfield-0.06
10 Day High53.76
10 Day Low48.5
20 Day High53.76
20 Day Low42.23
52 Week High53.76
52 Week Low31.01
Performance
1 Week-0.34%
2 Weeks-2.52%
1 Month7.5%
3 Month-0.1%
6 Month-0.99%
12 Month53.18%
2 Year64.57%
3 Year57.25%
5 Year38.74%
10 Year26.45%
15 Year111.17%
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)0.13
RSI(14)54.44
LBB43.52
UBB54.11
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 |
|---|---|---|---|
| 50.08 | 48.49 | 1.59 (3.17%) | 25.00% |
| An entry @50.08. This is a Buy Stop order right above the 10 day moving average. | An exit @48.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.59 points, which is 3.17%. | For a 0.79% 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 SCSC. 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.
SCANSOURCE INC
NASDAQ:SCSC (11/20/2024, 8:00:02 PM)
Premarket: 49.5 +0.36 (+0.73%)49.14
-0.01 (-0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.02%
1 Week-0.34%
2 Weeks-2.52%
1 Month7.5%
3 Month-0.1%
6 Month-0.99%
12 Month53.18%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.06
ATR(20)%3.81%
ATR Inc
Range Today1.01
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 High53.76
10 Day Low48.5
20 Day High53.76
20 Day Low42.23
52 Week High53.76
52 Week Low31.01
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume126.50K
Volume Incr0.31%
Vol(5)178.78K
Vol(50)201.81K