pool adsWhat Scansource $SCSC is Telling us About its Future
The next move in a stock's price is often identifiable in advance. This Scansource (NASDAQ: SCSC) report attempts to do that, and in the process help investors learn how price acton can be revealing. Trading plans for SCSC make these observations actionable, but the data on this page is not real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Weak | Strong |
| P1 | 0 | 0 | 24.80 |
| P2 | 29.95 | 30.03 | 28.37 |
| P3 | 31.00 | 31.49 | 32.32 |
Support and Resistance Plot Chart for SCSC
Long Term Trading Plans for SCSC
April 7, 2021, 11:45 pm ET
The Technical Summary and Trading Plans for SCSC 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 SCSC Report.
SCSC - (Long) Support Plan
The technical summary data tells us to buy SCSC near 28.37 with an upside target of 32.32. This data also tells us to set a stop loss @ 28.29 to protect against excessive loss in case the stock begins to move against the trade. 28.37 is the first level of support below 29.86 , and by rule, any test of support is a buy signal. In this case, support 28.37 is being tested, a buy signal would exist.
SCSC - (Short) Resistance Plan
The technical summary data is suggesting a short of SCSC as it gets near 32.32 with a downside target of 28.37. We should have a stop loss in place at 32.41though. 32.32 is the first level of resistance above 29.86, and by rule, any test of resistance is a short signal. In this case, if resistance 32.32 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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