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

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

Steelcase Inc trades in USA in Consumer Durables sector.

Showing technical analysis as on 2024-01-18 View latest technical analysis

10 day averaged volume of Steelcase Inc is 713640

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	12.38	12.46	12.46	12.19	0.914 times
17 Wed Jan 2024	12.35	12.40	12.57	12.28	0.871 times
16 Tue Jan 2024	12.58	12.56	12.67	12.49	0.767 times
12 Fri Jan 2024	12.71	12.72	12.79	12.60	0.977 times
12 Fri Jan 2024	12.71	12.72	12.79	12.60	0.977 times
11 Thu Jan 2024	12.62	12.70	12.76	12.53	1.049 times
10 Wed Jan 2024	12.77	12.87	12.93	12.72	1.584 times
09 Tue Jan 2024	12.78	12.76	12.82	12.61	0.872 times
08 Mon Jan 2024	12.97	12.87	12.97	12.81	0.679 times
05 Fri Jan 2024	12.87	12.94	13.06	12.84	1.068 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 12.6, but if it comes above 12.6, then a intra day buy could be more profitable.
If you take a sell trade below 12.6, then use 12.6 as stoploss and 12 as target. However if you take a buy trade in stock , then use 12.6 as stoploss and 13.11 as target.

Share price targets for Steelcase Inc (SCS)

Target Type	Value
Downside Target	8.39
Downside Target	10.29
Downside Target	10.72
Downside Target	11.38
Downside Target	11.73
Downside Target	11.97
Upside Target	12.84
Upside Target	12.97
Upside Target	13.25
Upside Target	13.40
Upside Target	13.56
Upside Target	14.54

Intraday share price targets for Steelcase Inc (SCS)

Target Type	Value
Downside Intraday Target	12.16
Downside Intraday Target	11.93
Upside Intraday Target	12.64
Upside Intraday Target	12.89
Upside Intraday Target	12.41

Weekly technical analysis of Steelcase Inc (SCS)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	12.38	12.56	12.67	12.19	2.612 times
12 Fri Jan 2024	12.71	12.72	12.79	12.60	0.189 times
12 Fri Jan 2024	12.71	12.87	12.97	12.53	0.914 times
05 Fri Jan 2024	12.87	13.37	13.40	12.84	5.261 times
29 Fri Dec 2023	13.52	13.50	13.56	13.25	0.232 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Steelcase Inc (SCS)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	12.38	13.37	13.40	12.19	0.43 times
29 Fri Dec 2023	13.52	12.24	14.54	11.73	1.83 times
30 Thu Nov 2023	12.31	10.86	12.43	10.72	0.593 times
31 Tue Oct 2023	10.91	11.08	11.97	10.29	0.743 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 Steelcase Inc (SCS)

Price action analysis of Steelcase Inc ( (SCS) ) 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 Steelcase Inc ( (SCS) ) 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 Steelcase Inc ( (SCS) ) 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 Steelcase Inc stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Steelcase Inc in short term but the sell signal is initial and weak.

Steelcase Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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

RSI is generating a BUY signal in short term but buying is losing 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 Steelcase 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 12.68 and Steelcase Inc (SCS) 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 Steelcase Inc (SCS) stock. Volume based technical analysis of Steelcase Inc (SCS) stock is negative.

Steelcase 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.