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Is SCHL lining up for a decline? New Downtrend shows up after plummeting 6.07%

Scholastic Corporation (SCHL) — Daily Technical Analysis & Swing Trading Signals · Aug 6, 2026, 17:43 ET
SCHL closed down 6.07% on Thursday, August 6th, with volume running 0.8× below average. The session formed a New Downtrend, often signaling a possible continuation. Key support levels exist at 38.98, 38.07 & 36.31, with resistance at 41.65, 43.41 & 44.32.

Current SwingTradeBot Technical Rating of SCHL: C

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Scholastic Corporation (SCHL)