Scansource Stock Momentum Indicators Average Directional Movement Index Rating

SCSC Stock  USD 43.73  0.97  2.27%   
ScanSource momentum indicators tool provides the execution environment for running the Average Directional Movement Index Rating indicator and other technical functions against ScanSource. ScanSource value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of momentum indicators indicators. As with most other technical indicators, the Average Directional Movement Index Rating indicator function is designed to identify and follow existing trends. Momentum indicators of ScanSource are pattern recognition functions that provide distinct formation on ScanSource potential trading signals or future price movement. Analysts can use these trading signals to identify current and future trends and trend reversals to provide buy and sell recommendations. Please specify Time Period to run this model.

The output start index for this execution was seven with a total number of output elements of fifty-four. The Average Directional Movement Index Rating (ADXR) is equal to the current ADX plus the ADX from (N) bars ago divided by 2. It is the average of the two ADX values. The ADXR of ScanSource is less responsive then the ADX, and filters out excessive tops and bottoms. To interpret ScanSource ADXR value, consider a high number to be a strong trend, and a low number, a weak trend.

ScanSource Technical Analysis Modules

Most technical analysis of ScanSource help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for ScanSource from various momentum indicators to cycle indicators. When you analyze ScanSource charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About ScanSource Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ScanSource. We use our internally-developed statistical techniques to arrive at the intrinsic value of ScanSource based on widely used predictive technical indicators. In general, we focus on analyzing ScanSource Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build ScanSource's daily price indicators and compare them against related drivers, such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of ScanSource's intrinsic value. In addition to deriving basic predictive indicators for ScanSource, we also check how macroeconomic factors affect ScanSource price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2021 2022 2023 2024 (projected)
Operating Cycle147.74163.12146.8199.72
Dividend Yield0.0029010.0012250.0011020.001276
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ScanSource's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
41.7243.6645.60
Details
Intrinsic
Valuation
LowRealHigh
39.1041.0348.10
Details
Naive
Forecast
LowNextHigh
40.9442.8844.82
Details
3 Analysts
Consensus
LowTargetHigh
36.4040.0044.40
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ScanSource. Your research has to be compared to or analyzed against ScanSource's peers to derive any actionable benefits. When done correctly, ScanSource's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ScanSource.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ScanSource in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ScanSource's short interest history, or implied volatility extrapolated from ScanSource options trading.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Cash Cows Idea
Cash Cows
Invested few shares
Investor Favorites Idea
Investor Favorites
Invested a lot of shares
Macroaxis Picks Idea
Macroaxis Picks
Invested over 100 shares
Macroaxis Index Idea
Macroaxis Index
Invested few shares
When determining whether ScanSource offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ScanSource's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Scansource Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Scansource Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ScanSource. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
For information on how to trade ScanSource Stock refer to our How to Trade ScanSource Stock guide.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Complementary Tools for ScanSource Stock analysis

When running ScanSource's price analysis, check to measure ScanSource's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ScanSource is operating at the current time. Most of ScanSource's value examination focuses on studying past and present price action to predict the probability of ScanSource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ScanSource's price. Additionally, you may evaluate how the addition of ScanSource to your portfolios can decrease your overall portfolio volatility.
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Is ScanSource's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ScanSource. If investors know ScanSource will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ScanSource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.277
Earnings Share
3.42
Revenue Per Share
143.748
Quarterly Revenue Growth
(0.12)
Return On Assets
0.0364
The market value of ScanSource is measured differently than its book value, which is the value of ScanSource that is recorded on the company's balance sheet. Investors also form their own opinion of ScanSource's value that differs from its market value or its book value, called intrinsic value, which is ScanSource's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ScanSource's market value can be influenced by many factors that don't directly affect ScanSource's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ScanSource's value and its price as these two are different measures arrived at by different means. Investors typically determine if ScanSource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ScanSource's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.