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(SCSC) Scansource Inc complete technical analysis [charts+indicators] | Buy/Sell Scansource Inc | (SCSC) share price targets

Complete technical analysis of Scansource Inc (SCSC) by charts plus indicators, forecast predictions and share price targets for Scansource Inc (SCSC)

Scansource Inc trades in USA in Technology sector.

10 day averaged volume of Scansource Inc is 193130

Date	Daily Closing Price	Open	High	Low	Volume
17 Wed Apr 2024	40.08	40.80	40.85	39.95	1.096 times
16 Tue Apr 2024	40.37	40.53	40.63	40.09	1.677 times
15 Mon Apr 2024	40.59	40.91	41.30	40.51	1.116 times
12 Fri Apr 2024	40.79	40.87	41.10	40.57	1.022 times
11 Thu Apr 2024	40.99	40.90	41.73	40.46	1.098 times
10 Wed Apr 2024	40.58	40.71	40.98	40.36	1.265 times
09 Tue Apr 2024	41.59	41.94	42.06	41.34	0.832 times
08 Mon Apr 2024	41.72	41.64	42.00	41.28	1.012 times
05 Fri Apr 2024	41.58	41.36	42.22	40.23	1.064 times
04 Thu Apr 2024	42.69	43.50	43.53	42.48	0.538 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 40.9, but if it comes above 40.9, then a intra day buy could be more profitable.
If you take a sell trade below 40.9, then use 40.9 as stoploss and 39.5 as target. However if you take a buy trade in stock , then use 40.9 as stoploss and 42.03 as target.

Share price targets for Scansource Inc (SCSC)

Target Type	Value
Downside Target	31.01
Downside Target	33.16
Downside Target	36.46
Downside Target	39.95
Upside Target	41.30
Upside Target	42.06
Upside Target	43.46
Upside Target	43.58
Upside Target	44.24
Upside Target	44.25
Upside Target	45.10

Intraday share price targets for Scansource Inc (SCSC)

Target Type	Value
Downside Intraday Target	39.59
Downside Intraday Target	39.09
Upside Intraday Target	40.94
Upside Intraday Target	41.79
Upside Intraday Target	40.44

Weekly technical analysis of Scansource Inc (SCSC)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Wed Apr 2024	40.08	40.91	41.30	39.95	0.744 times
12 Fri Apr 2024	40.79	41.64	42.06	40.36	1.644 times
05 Fri Apr 2024	41.58	44.24	44.24	40.23	1.196 times
28 Thu Mar 2024	44.04	42.48	44.25	42.01	0.547 times
22 Fri Mar 2024	42.38	41.84	43.58	41.84	0.38 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Scansource Inc (SCSC)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Wed Apr 2024	40.08	44.24	44.24	39.95	0.473 times
28 Thu Mar 2024	44.04	43.40	45.10	41.50	1.154 times
29 Thu Feb 2024	43.23	39.48	43.46	31.01	1.263 times
31 Wed Jan 2024	39.26	39.50	40.23	36.46	0.599 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Scansource Inc (SCSC)

Price action analysis of Scansource Inc ( (SCSC) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Scansource Inc ( (SCSC) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Scansource Inc ( (SCSC) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Scansource Inc ( (SCSC) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Scansource Inc stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Scansource Inc in short term and the sell signal is strong.

Scansource Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Scansource Inc in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Scansource Inc is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 40.95 and Scansource Inc (SCSC) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Scansource Inc (SCSC) stock. Volume based technical analysis of Scansource Inc (SCSC) stock is negative.

Scansource Inc Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.