SCSC NEWS why is Scansource, Inc. price falling or rising

SCSC NEWS reasons for why stock price of Scansource, Inc. is falling or rising

SCSC Scansource Inc is falling or rising technical reasons

Technical analysis forecast for Scansource Inc Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Scansource Inc SCSC at this time. Stock is falling and might fall more.

It appears as if Scansource Inc SCSC gave a large move recently.

Stock of Scansource Inc (SCSC) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Scansource Inc is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Scansource Inc stays below 44, but if it comes above 44, then a intra day buy could be more profitable.
If you take a sell trade below 44, then use 44 as stoploss and 41.6 as target. However if you take a buy trade in Scansource Inc, then use 44 as stoploss and 46 as target.

SCSC Scansource Inc is falling or rising NEWS fundamental reasons

More announcements and NEWS

SCSC Scansource, Inc. current price & indicator signals

Moving Averages for Scansource, Inc.

  • 5Day Average: 44.23
  • 12Day Average: 45.83
  • 20Day Average: 46.78
  • 50Day Average: 47.3
  • 100Day Average: 46.89
  • 150Day Average: 46.27
  • 200Day Average: 45.17

SCSC Indicators & signals

Indicator MACD (12,26,9)

45.27, 46.3, -0.54
Indicator MACD is in negative zone

Indicator ADX (14)

45.45, 13.43, 35.82
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SCSC Scansource, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
01 Fri Nov 2024 43.48 42.67 to 43.58 2.52% 1.39 times
31 Thu Oct 2024 42.41 42.23 to 44.33 -4.22% 1.52 times
30 Wed Oct 2024 44.28 44.14 to 45.86 -2.79% 1.06 times
29 Tue Oct 2024 45.55 44.95 to 45.88 0.22% 0.83 times
28 Mon Oct 2024 45.45 45.35 to 46.21 1.29% 1.07 times
25 Fri Oct 2024 44.87 44.59 to 45.82 -0.66% 1.23 times
24 Thu Oct 2024 45.17 45.06 to 46.29 -1.18% 1.15 times
23 Wed Oct 2024 45.71 45.38 to 46.94 -2.89% 0.85 times
22 Tue Oct 2024 47.07 46.91 to 47.49 -1.15% 0.8 times
21 Mon Oct 2024 47.62 47.52 to 48.62 -1.96% 0.74 times
18 Fri Oct 2024 48.57 48.52 to 49.73 -2.31% 0.76 times
17 Thu Oct 2024 49.72 48.48 to 49.98 0.95% 0.63 times

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SCSC NEWS why is Scansource, Inc. price falling or rising

 

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