pool adsScana $SCG Technical Update
The Scana (NYSE: SCG) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for SCG, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Strong | Neutral |
| P1 | 36.03 | 33.59 | 34.12 |
| P2 | 38.89 | 37.64 | 38.13 |
| P3 | 41.17 | 41.94 | 42.25 |
Support and Resistance Plot Chart for SCG
Long Term Trading Plans for SCG
October 22, 2018, 9:15 pm ET
The Technical Summary and Trading Plans for SCG help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this SCG Report.
SCG - (Long) Support Plan
Buy over 34.12 target 38.13 stop loss @ 33.86.
The technical summary data tells us to buy SCG near 34.12 with an upside target of 38.13. This data also tells us to set a stop loss @ 33.86 to protect against excessive loss in case the stock begins to move against the trade. 34.12 is the first level of support below 36.4 , and by rule, any test of support is a buy signal. In this case, support 34.12 would be being tested, so a buy signal would exist.
SCG - (Short) Resistance Plan
Short under 38.13 target 34.12 stop loss @ 38.39.
The technical summary data is suggesting a short of SCG as it gets near 38.13 with a downside target of 34.12. We should have a stop loss in place at 38.39 though. 38.13 is the first level of resistance above 36.4, and by rule, any test of resistance is a short signal. In this case, if resistance 38.13 is being tested, so a short signal would exist.
