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STARRETT (L.S.) CO -CL A (SCX) Stock Technical Analysis

NYSE:SCX - New York Stock Exchange, Inc. - US8556681091 - Common Stock - Currency: USD

16.18  +0.01 (+0.06%)

Technical Rating and Analysis

9

We assign a technical rating of 9 out of 10 to SCX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SCX is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.
SCX is part of the Machinery industry. There are 129 other stocks in this industry. SCX outperforms 95% of them.
A new 52 week high is currently being made by SCX, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
When comparing the yearly performance of all stocks, we notice that SCX is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month SCX has a been trading in a tight range between 16.01 and 16.19.
Weekly and Daily overview Charts
STARRETT (L.S.) CO  -CL A / SCX Weekly stock chart
STARRETT (L.S.) CO  -CL A / SCX Daily stock chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, SCX 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 16.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.16, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

9.66

16.36

When analyzing the support we can see 5 important areas.

  • A support zone ranging from 15.83 to 16.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @10.76 from a trend line in the daily time frame.
  • Support @10.54 from a trend line in the weekly time frame.
  • Support @10.13 from a trend line in the weekly time frame.
  • Support @9.76 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 16.19 to 16.20. 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
CRS96.41
Mansfield1.83
10 Day High16.19
10 Day Low16.06
20 Day High16.19
20 Day Low16.01
52 Week High16.19
52 Week Low8.55
Performance
1 Week-0.06%
2 Weeks0.5%
1 Month0.94%
3 Month64.26%
6 Month76.64%
12 Month65.1%
2 Year109.04%
3 Year76.64%
5 Year119.54%
10 Year5.48%
15 Year87.7%
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)-0.04
RSI(14)70.04
LBB16.08
UBB16.21
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
16.2116.050.16 (0.99%)25.00%
An entry @16.21. This is a Buy Stop order right above the resistance zone.An exit @16.05. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.16 points, which is 0.99%.For a 0.25% 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.
STARRETT (L.S.) CO  -CL A / SCX Daily stock chart

STARRETT (L.S.) CO -CL A

NYSE:SCX (5/22/2024, 8:04:00 PM)

16.18

+0.01 (+0.06%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.06%
1 Week-0.06%
2 Weeks0.5%
1 Month0.94%
3 Month64.26%
6 Month76.64%
12 Month65.1%
2 Year109.04%
3 Year76.64%
5 Year119.54%
10 Year5.48%
15 Year87.7%
Volatility
ATR(14)0.04
ATR(20)%0.32%
ATR Inc-72.37%
Range Today0.02
ADR(20)0.05
ADR(20)%0.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.41
Mansfield1.83
10 Day High16.19
10 Day Low16.06
20 Day High16.19
20 Day Low16.01
52 Week High16.19
52 Week Low8.55
CS1 End16.16
CR1 Start16.19
Volume & EV
DER(3)2.77%
DER(5)2.91%
Volume61.60K
Volume Incr2.89%
Vol(5)87.26K
Vol(50)71.38K