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Scholastic Corp (SCHL): Price Now Near $36.1; Daily Chart Shows An Uptrend on 50 Day Basis

Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The post Scholastic Corp (SCHL): Price Now Near $36.1; Daily Chart Shows An Uptrend on 50 Day Basis appeared first on ETF Daily News. ...

The Hourly View for SCHL

At the moment, SCHL (Get Ratings)’s price is down $-0.26 (-0.72%) from the hour prior. The hourly chart shows that SCHL has seen 2 straight down hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them with price now being below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Printing and Publishing stocks, SCHL ranks 16th in regards to today’s price percentage change.

SCHL’s Technical Outlook on the Daily Chart

Currently, SCHL’s price is down $-0.45 (-1.23%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows SCHL’s price action over the past 90 days.

SCHL

<In comparison to its 7 day average, SCHL's volume of shares traded is 87.38% lower, now standing at 9795.

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SCHL: Daily RSI Analysis

  • SCHL’s RSI now stands at 13.3333.
  • Note: SCHL and RSI appear to be diverging in terms of their respective trends, with SCHL rising at a slower rate than RSI.

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The post Scholastic Corp (SCHL): Price Now Near $36.1; Daily Chart Shows An Uptrend on 50 Day Basis appeared first on ETF Daily News.

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