Technical analysis from Scansource Inc (SCSC, NASDAQ:SCSC) on the NASDAQ Stock Exchange (NASDAQ). Download the latest price data & trading signals

Scansource Inc
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Positive ROC: Price is trading higher for Scansource Inc than 14 days ago
Rate of Change /
Positive ROC: Price is trading higher for Scansource Inc than 14 days ago

[BULLISH]: Scansource Inc currently has positive rate of change of 8.873%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Volume MACD oscillator remains negative for SCSC
MACD Volume /
Volume MACD oscillator remains negative for SCSC

SCSC: Volume MACD Recent Trading -> (1) 25 May: -6489 (2) 24 May: -6281 (3) 23 May: -4834

Weighted Moving Average /
[Bullish]: Trend following indicator for SCSC highlights upward price direction is likely

[BULLISH]: Scansource Inc currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.1%.

High Price /
Scansource Inc: Daily high performance is 0.1 % [Uptrend]

[BULLISH]: Scansource Inc current uptrend in the first timeframe. Currently, the HIGH is 0.1 %.

Ease of Movement /
Price spike caused by low volume trading for Scansource Inc during last trading session

SCSC: EOM Current Signal -> (1) 25 May: BULLISH EASY (2) 24 May: NEUTRAL (3) 23 May: BEARISH EASY

Percentage Volume /
Volume is still below the short term EMA for SCSC [Bearish]

[BEARISH]: Scansource Inc currently has negative PVO -14.72%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 5.7%.

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Average True Range /
Scansource Inc: Average True Range (0.854) has confirmed an downtrend is present

[Bearish]: Average True Range has confirmed an downtrend is present. Scansource Inc has a TR of 0.4, and an ATR(14) of 0.854.

Money Flow Index /
Buying pressure has led to a continued price extreme (overbought) for SCSC

[BULLISH]: Scansource Inc current trading has maintained the money flow index oversold status and signalled the continuation of the bullish trading conditions. Currently, the MFI is 81.77. The bullish signal has been active for 0 days. During the quarter, the lowest MFI value was 21.59.

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Stochastic Oscillator for SCSC is still above the Overbought limit signalling a bearish movement
Stochastic Oscillator /
Stochastic Oscillator for SCSC is still above the Overbought limit signalling a bearish movement

[BEARISH]: Scansource Inc is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Price continues to trade above the Triangular Moving Average(5) for SCSC
Triangular Moving Average /
Price continues to trade above the Triangular Moving Average(5) for SCSC

[BULLISH]: Scansource Inc currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.1%.

Simple Moving Average /
Price continues to trade above the Simple Moving Average(5) for SCSC

[BULLISH]: Scansource Inc currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.1%.

Elders Force Index /
[Bullish]: Continued buying pressure for Scansource Inc has been confirmed

[BULLISH]: Scansource Inc current price has highlighted recent buying pressure. Currently, the Elders Force Index is 16000.

Ulcer Index /
Scansource Inc: Ulcer Index 0.2 [Low Stress]

[BEARISH]: Scansource Inc UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 0.2.

Oversold signal continues for Scansource Inc indicating upward price movement is likely
Moving Average Envelope /
Oversold signal continues for Scansource Inc indicating upward price movement is likely

[BULLISH]: Scansource Inc current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 35.036.

William %R Overbought signal is still current for Scansource Inc [Bearish]
Williams %R /
William %R Overbought signal is still current for Scansource Inc [Bearish]

[BULLISH]: Scansource Inc is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Elder Ray Index /
Buying pressure for SCSC highlights ability of buyers to drive the price upwards

[BULLISH]: Scansource Inc Elder Ray Index is signalling a Bullish movementERI is 1.127 indicating bull power. Prices are being driven above the consensus of value for SCSC during the last trading session [Buying Pressure]

High Wave Line /
Scansource Inc: High Wave Line

[REVERSAL]: Scansource Inc has formed a new High Wave Line reversal pattern.

Aroon Oscillator /
Scansource Inc: Aroon oscillator (52) has confirmed a strong uptrend is present

[BULLISH]: Scansource Inc has a current ARU(25) of 88 and a current ARD(25) of 36

CMF highlights continued positive divergence for Scansource Inc
Chaikin Money Flow /
CMF highlights continued positive divergence for Scansource Inc

[BULLISH]: Scansource Inc current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.33. SCSC received a confirmed CMF crossover days on the May 7 2018. The bullish signal has been active for 3 days. During the quarter, the highest CMF value was 0.33 occurring on the May 7 2018.

[Short]: Limit orders for Scansource Inc should be set at $32.95
Fibonacci Extensions /
[Short]: Limit orders for Scansource Inc should be set at $32.95

Scansource Inc has moved above the 161.8% level ($32.95) [Bearish]. Look for a short limit order entry near this point. Exit price for SCSC should be set @$43.06 & short position stoploss for Scansource Inc should be set at $22.84

Strong price performance from SCSC has seen a lower low of 0.9 % [Uptrend]
Low Price /
Strong price performance from SCSC has seen a lower low of 0.9 % [Uptrend]

[BEARISH]: Scansource Inc current uptrend in the first timeframe. Currently, the Low is $38.45 (0.9 %).

White Soldiers /
Scansource Inc: Advancing White Soldiers

[BULLISH]: Scansource Inc has formed a new Advancing White Soldiers pattern.

Volume /
Scansource Inc: Daily volume performance is 16.7 [Uptrend]

[BULLISH]: Scansource Inc current volume uptrend in the first timeframe. Volume for SCSC is 55450 (16.7).

Percentage Price /
The current price is still gaining momentum through a rise for SCSC on the short term EMA.

[BULLISH]: Scansource Inc currently has positive PPO 2.514%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Close Tod Vs Close Yest /
Daily trading performance for SCSC has initiated a short term downtrend

[BEARISH]: Scansource Incsellers are keener than buyers and are driving the price down. This is the first day of price decline for SCSC adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -1.2 & the greatest daily negative change this year has been -4.1. The longest consecutive downswing rally over the last 12 months has been 10 days giving a total rally downward movement of -12.4%. This quarter, the largest downswing rally has been 10 days giving a total rally downward movement of -8.1%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.9x. Over the last month the average daily downward movement has been -0.400000%

Daily bar has confirmed has confirmed an ADX a strong trend is intact for SCSC
Average Directional Movement /
Daily bar has confirmed has confirmed an ADX a strong trend is intact for SCSC

SCSC: Average Directional Index Recent Trading -> (1) 25 May: 25.63 (2) 24 May: 24.52 (3) 23 May: 23.38

Volume rate of change(14) is decreasing for Scansource Inc
Volume Rate of Change /
Volume rate of change(14) is decreasing for Scansource Inc

[BEARISH]: Scansource Inc currently has negative rate of change of -73%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.1%.

Range Tod Vs Range Yest /
Scansource Inc: Range Performance (-42.9)

[WEAK BEARISH]: Scansource Inc buyers are becoming less eager. This is the first day buyers have decreased eagerness for SCSC reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $5.3000 & the greatest daily price range this year has been $7.5000. The price range ratio this week versus the quarterly price range is 0.2x & the price range ratio this month versus the year to date price range is 0.7x.

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