Service Corporation International Stock Momentum Hits Weakness

Technicals   |   Support: 25.87   |   Resistance: 27.23   

Service Corporation International momentum rating as of Tuesday, July 5, 2016
(SCI Stock Price as of Publication: $26.49)

This is a momentum stock rating analysis for Service Corporation International (NYSE:SCI) . The company has a two bull momentum rating which indicates some weakness. While the value investor may see an opportunity to scoop up the stock at lower levels, for now, the stock price is moving lower and may yet weaken further.

SCI is up +8.2% over the last three months and up +3.2% over the last six months. The stock has returned -9.2% over the last year. The current stock price is $26.49.

SCI Stock Returns
The momentum rating goes from one, the weakest upside momentum, to five, the highest upside momentum and focuses on the real-time stock price relative to various moving averages as well as moving averages relative to each other. This is a proprietary weighted momentum model built by Capital Market Labs (CML). Note the support and resistance stock price levels at the top of the table above. Also note the stock price at publication, since the momentum rating is based on intraday stock prices.

Golden Cross Alert: The 50 day MA is now above the 200 day moving average.
Swing Death Cross Alert: The short-term 10 day moving average is now below the 50 day moving average.

Service Corporation International has a two bull (low rated) technical rating because it's trading below both its 10 day and its 50 day simple moving averages. We do note that the stock is trading above the long-term 200 day moving average.

The general theory behind ratings follows the line of thought that as stock prices rise or fall abruptly, they appear on various scan results and that creates a reinforcing trend for the stock price in a direction. It's a mix of art and science, but for the technically focused trader it can be a powerful input to the overall analysis.

Service Corporation International (NYSE:SCI) rating statistics:
10-day moving average: $26.6
50-day moving average: $26.8
200-day moving average: $25.9