The Greedy Trader Weekly Analysis
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Archive
- 11/10/2017
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SCANA Corp.
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Summary:
Weekly :Broken trend support lineRelative Strength Index and Williams' Percentage Range oversoldLane's Stochastic is strongly oversoldStochastic has raised above the signal lineTrend resistance at 44.40
Daily :Stochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe period of high volatility of the stock price
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It was a first positive week after 3 consecutive negative weeks for the SCANA Corp. (SCG). During the week, the SCG gained 2.27 points, or 5.45%, and closed at 43.94 on Friday, November 10, 2017. It was the best weekly gain since August 4, 2017. Weekly volume was 139% above average.

Long-term trend: [See SCG long-term trend chart]
A long-term downtrend had started on July 5, 2016 at 76.41 and reached 41.15 on November 2, 2017. SCG lost 35.26 points, or 46.15%, in 69 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (59.44) 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 41.15 on November 2, 2017. SCG lost 27.20 points, or 39.80%, in 13 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (44.40). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See SCG weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since July 7, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 November 2, 2017 at 41.15 and reached 45.48 on November 9, 2017. SCG gained -4.33 points, or -10.52%, in 7 days. The price is now at the 35.57% 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 rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The distance between the Bollinger Bands is 156.36% 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) 33.53
Williams' Percentage Range (W%R) 63.20
Lane's Stochastic (%D-Slow) 46.84
Greed/Fear Indicator (GFI) 39.06
Moving Average Converg./Diverg. (MACD) -2.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 15.76
Oversold
Williams' Percentage Range (W%R) 88.90
Oversold
Lane's Stochastic (%D-Slow) 8.71
Strong Oversold
Greed/Fear Indicator (GFI) 15.71
Oversold
Moving Average Converg./Diverg. (MACD) -4.07
Trading Signals
Description Value Chart
Upper Bollinger Band 51.16
50 Day Moving Average 51.09
20 Day Moving Average 45.96
Monthly Trendline Resistance 44.40
Price 43.94
Daily Stochastic Crossing 43.26
Weekly Stochastic Crossing 42.68
Parabolic System 41.53
Lower Bollinger Band 40.68
Monthly Trendline Support 38.10
Sector and Industry
Description Name Rank
Sector Utilities 6
Industry Diversified Utilities 96
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 45.48
High Date 11/09/2017
Low 43.67
Low Date 11/10/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 41.15
Low Date 11/02/2017
High 45.48
High Date 11/09/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 44.40
Support 38.10
High 68.35
High Date 08/01/2017
Low 41.15
Low Date 11/02/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 66.32
Support 59.44
High 76.41
High Date 07/05/2016
Low 41.15
Low Date 11/02/2017
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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