The Greedy Trader Weekly Analysis
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Archive
- 1/12/2018
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SCANA Corp.
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Summary:
Weekly :Broken trend support lineOversold sectorOversold industryBroken trend resistance lineWeekly  MACD line has moved above its signal line
Daily :The period of high volatility of the stock price
Move cursor over the icon to see details.

It was the negative week for the SCANA Corp. (SCG). During the week, the SCG dropped -0.97 points, or -2.15%, and closed at 44.05 on Friday, January 12, 2018. Weekly volume was 44% above average.

SCG is a member of Utilities Sector. Utilities is the most oversold sector. SCG is a member of Diversified Utilities Industry. Diversified Utilities is the sixth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See SCG long-term trend chart]
A long-term downtrend had started on July 5, 2016 at 76.41 and reached 37.10 on December 22, 2017. SCG lost 39.31 points, or 51.45%, in 76 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (58.10) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See SCG medium-term trend chart]
A medium-term downtrend had started on August 1, 2017 at 68.35 and reached 37.10 on December 22, 2017. SCG lost 31.25 points, or 45.72%, in 20 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (35.60) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See SCG weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See SCG short-term trend chart]
A short-term uptrend had started on December 22, 2017 at 37.10 and reached 49.40 on January 3, 2018. SCG gained -12.30 points, or -33.15%, in 12 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 39.62 and resistance is at 62.14. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See SCG daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since January 2, 2018. This is an indication that the short-term trend is up.

The distance between the Bollinger Bands is 137.97% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.38
Williams' Percentage Range (W%R) 40.20
Lane's Stochastic (%D-Slow) 57.88
Greed/Fear Indicator (GFI) 62.37
Moving Average Converg./Diverg. (MACD) -0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.20
Williams' Percentage Range (W%R) 69.00
Lane's Stochastic (%D-Slow) 34.89
Greed/Fear Indicator (GFI) 37.17
Moving Average Converg./Diverg. (MACD) -5.56
Trading Signals
Description Value Chart
Upper Bollinger Band 49.04
Daily Stochastic Crossing 46.85
Price 44.05
50 Day Moving Average 43.11
20 Day Moving Average 42.44
Weekly Stochastic Crossing 41.64
Parabolic System 39.74
Weekly Trendline Support 39.62
Lower Bollinger Band 37.57
Monthly Trendline Resistance 36.16
Monthly Trendline Support 35.60
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Diversified Utilities 6
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 49.40
High Date 01/03/2018
Low 43.62
Low Date 01/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 62.14
Support 39.62
Low 37.10
Low Date 12/22/2017
High 49.40
High Date 01/03/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 36.16
Support 35.60
High 68.35
High Date 08/01/2017
Low 37.10
Low Date 12/22/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 64.98
Support 58.10
High 76.41
High Date 07/05/2016
Low 37.10
Low Date 12/22/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.01
Low Date 03/11/2009
High 76.41
High Date 07/05/2016
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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