The Greedy Trader Weekly Analysis
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Archive
- 4/13/2018
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SCANA Corp.
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Summary:
Weekly :Overbought sectorBroken trend support line - Downtrend exhaustionWilliams' Percentage Range is oversold
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range is oversold
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It was the negative week for the SCANA Corp. (SCG). During the week, the SCG dropped -1.57 points, or -4.19%, and closed at 35.90 on Friday, April 13, 2018. Weekly volume was -48% below average.

SCG is a member of Utilities Sector. Utilities is the second 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 34.76 on February 12, 2018. SCG lost 41.65 points, or 54.51%, in 83 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (56.14) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 34.76 on February 12, 2018. SCG lost 33.59 points, or 49.14%, in 27 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 30.54 and resistance is at 37.46. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See SCG weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 5, 2018. The distance between MACD and the signal line is low and getting smaller. 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 April 5, 2018 at 38.98 and reached 35.68 on April 12, 2018. SCG lost 3.30 points, or 8.47%, in 7 days. The price is now at the 6.67% retracement level.

Daily Technical Indicators: [See SCG daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.99
Williams' Percentage Range (W%R) 85.80
Oversold
Lane's Stochastic (%D-Slow) 23.05
Greed/Fear Indicator (GFI) 25.09
Moving Average Converg./Diverg. (MACD) -0.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.64
Williams' Percentage Range (W%R) 90.80
Strong Oversold
Lane's Stochastic (%D-Slow) 33.99
Greed/Fear Indicator (GFI) 28.31
Moving Average Converg./Diverg. (MACD) -4.49
Trading Signals
Description Value Chart
Upper Bollinger Band 39.65
Parabolic System 38.70
50 Day Moving Average 38.19
20 Day Moving Average 37.58
Weekly Stochastic Crossing 37.49
Quarterly Trendline Resistance 37.46
Daily Stochastic Crossing 36.23
Price 35.90
Lower Bollinger Band 35.43
Quarterly Trendline Support 30.54
Sector and Industry
Description Name Rank
Sector Utilities 8
Industry Diversified Utilities 90
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 38.98
High Date 04/05/2018
Low 35.68
Low Date 04/12/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 38.98
High Date 04/05/2018
Low 35.68
Low Date 04/12/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 41.95
High Date 03/08/2018
Low 35.36
Low Date 03/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 37.46
Support 30.54
High 68.35
High Date 08/01/2017
Low 34.76
Low Date 02/12/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 63.02
Support 56.14
High 76.41
High Date 07/05/2016
Low 34.76
Low Date 02/12/2018
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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