SCC's Stochastic Oscillator reaching into overbought zone
The Stochastic Oscillator for SCC moved into overbought territory on December 20, 2024. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SCC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for SCC entered a downward trend on December 20, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SCC's RSI Oscillator exited the oversold zone, of 37 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on December 20, 2024. You may want to consider a long position or call options on SCC as a result. In of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SCC just turned positive on December 18, 2024. Looking at past instances where SCC's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SCC advanced for three days, in of 252 cases, the price rose further within the following month. The odds of a continued upward trend are .
SCC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category Trading
SCC and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SCC has been closely correlated with CARD. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if SCC jumps, then CARD could also see price increases.
| Ticker / NAME | Correlation To SCC | 1D Price Change % | ||
|---|---|---|---|---|
| SCC | 100% | -0.50% | ||
| CARD - SCC | 75% Closely correlated | -4.50% | ||
| JETD - SCC | 61% Loosely correlated | -3.06% | ||
| NVDD - SCC | 43% Loosely correlated | -3.27% | ||
| WTID - SCC | 21% Poorly correlated | -2.68% | ||
| SQQQ - SCC | 19% Poorly correlated | -2.54% | ||
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