The Greedy Trader Weekly Analysis
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Archive
- 7/13/2018
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SCANA Corp.
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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance line
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal line
Move cursor over the icon to see details.

It was the negative week for the SCANA Corp. (SCG). During the week, the SCG dropped -1.57 points, or -3.86%, and closed at 39.06 on Friday, July 13, 2018. It was the worst weekly loss since March 23, 2018. Weekly volume was -32% below average.

SCG is a member of Utilities Sector. Utilities is the most overbought sector. 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 33.61 on May 23, 2018. SCG lost 42.80 points, or 56.01%, in 98 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (54.14) 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 33.61 on May 23, 2018. SCG lost 34.74 points, or 50.83%, in 42 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (33.04) 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.

The weekly MACD line is above its signal line since January 5, 2018. Use the following link to access a MACD help.

Short-term trend: [See SCG short-term trend chart]
A short-term downtrend had started on July 6, 2018 at 40.81 and reached 38.24 on July 13, 2018. SCG lost 2.57 points, or 6.30%, in 7 days. The price is now at the 31.91% retracement level.

Daily Technical Indicators: [See SCG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.08
Williams' Percentage Range (W%R) 41.00
Lane's Stochastic (%D-Slow) 60.23
Greed/Fear Indicator (GFI) 60.11
Moving Average Converg./Diverg. (MACD) 0.82
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.03
Williams' Percentage Range (W%R) 38.70
Lane's Stochastic (%D-Slow) 77.99
Greed/Fear Indicator (GFI) 64.00
Moving Average Converg./Diverg. (MACD) -2.81
Trading Signals
Description Value Chart
Monthly Trendline Resistance 41.03
Upper Bollinger Band 41.01
Daily Stochastic Crossing 39.70
Weekly Stochastic Crossing 39.46
Monthly Trendline Support 39.22
Price 39.06
20 Day Moving Average 38.51
Parabolic System 37.75
50 Day Moving Average 36.78
Lower Bollinger Band 36.05
Quarterly Trendline Support 33.04
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Diversified Utilities 120
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 40.81
High Date 07/06/2018
Low 38.24
Low Date 07/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 40.81
High Date 07/06/2018
Low 38.24
Low Date 07/13/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 41.03
Support 39.22
Low 33.61
Low Date 05/23/2018
High 40.81
High Date 07/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 28.10
Support 33.04
High 68.35
High Date 08/01/2017
Low 33.61
Low Date 05/23/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 61.02
Support 54.14
High 76.41
High Date 07/05/2016
Low 33.61
Low Date 05/23/2018
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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