SHOE CARNIVAL INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	SCVL
ISIN:

SHOE CARNIVAL INC. - Daily - Technical analysis published on 11/28/2021 (GMT)

Timeframe : Daily
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

17%

39%

44%

My opinion

Bullish above 37.10 USD

My targets

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SHOE CARNIVAL INC. as long as the price remains well above 37.10 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

5.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SHOE CARNIVAL INC. rating is 40.53 USD. The price is lower by -5.88% since the last closing with the lowest point at 40.09 USD and the highest point at 41.60 USD. The deviation from the price is +1.10% for the low point and -2.57% for the high point.

40.09

41.60

40.53

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in Daily of this SHOE CARNIVAL INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further decline is low given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	31.67	35.11	40.33	40.53
Change (%)	-21.86%	-13.37%	-0.49%	-
Change	-8.86	-5.42	-0.20	-
Level	Major	Major	Major	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.37	39.23	39.88	40.74	41.39	42.25	42.90
Camarilla	40.12	40.25	40.39	40.53	40.67	40.81	40.95
Woodie	38.27	39.18	39.78	40.69	41.29	42.20	42.80
Fibonacci	39.23	39.81	40.16	40.74	41.32	41.67	42.25

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.21	37.15	38.84	41.78	43.47	46.41	48.10
Camarilla	39.26	39.68	40.11	40.53	40.95	41.38	41.80
Woodie	33.59	36.84	38.22	41.47	42.85	46.10	47.48
Fibonacci	37.15	38.92	40.01	41.78	43.55	44.64	46.41

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.20	29.82	31.84	33.46	35.48	37.10	39.12
Camarilla	32.87	33.20	33.54	33.87	34.20	34.54	34.87
Woodie	28.41	29.92	32.05	33.56	35.69	37.20	39.33
Fibonacci	29.82	31.21	32.07	33.46	34.85	35.71	37.10

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	53.16
MACD (12,26,9):	2.1100
Directional Movement:	7.17
AROON (14):	64.29
DEMA (21):	43.25
Parabolic SAR (0,02-0,02-0,2):	46.12
Elder Ray (13):	-0.78
Super Trend (3,10):	39.02
Zig ZAG (10):	40.53
VORTEX (21):	1.1300
Stochastique (14,3,5):	51.61
TEMA (21):	44.23
Williams %R (14):	-77.27
Chande Momentum Oscillator (20):	0.38
Repulse (5,40,3):	-0.7800
ROCnROLL:	-1
TRIX (15,9):	0.8900
Courbe Coppock:	29.47

MA7:	43.10
MA20:	40.32
MA50:	36.14
MA100:	35.60
MAexp7:	42.39
MAexp20:	40.49
MAexp50:	37.75
MAexp100:	35.83
Price / MA7:	-5.96%
Price / MA20:	+0.52%
Price / MA50:	+12.15%
Price / MA100:	+13.85%
Price / MAexp7:	-4.39%
Price / MAexp20:	+0.10%
Price / MAexp50:	+7.36%
Price / MAexp100:	+13.12%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on SHOE CARNIVAL INC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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