SPAR GROUP INC (SGRP) Stock Technical Analysis
USA - NASDAQ:SGRP - US7849331035 - Common Stock
We assign a technical rating of 0 out of 10 to SGRP. SGRP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, SGRP does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for SGRP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.93
When analyzing the support we notice one important area.
- Support @0.94 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.04 to 1.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.12 from a horizontal line in the weekly time frame.
- Resistance @1.17 from a horizontal line in the daily time frame.
- Resistance @1.27 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for SGRP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SGRP is down. |
| ChartMill Relative Strength | 10.02 | NEGATIVE | SGRP has a low relative strength, it was outperformed by 89.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SGRP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SGRP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SGRP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.91 | NEUTRAL | The RSI value for SGRP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SGRP has a negative trend. |
| Stochastics (14,3) | 14.89 | OVERSOLD | The low Stochastics value suggests SGRP may be oversold. |
| Average True Range in percent/ATR (20) | 5.02 | HIGH VOLATILITY | The high ATR as a percentage value for SGRP suggests high volalility. |
| Average Directional Index/ADX (14) | 11.98 | NEGATIVE | The low ADX value for SGRP suggests a weak or negative trend. |
0.9897
+0.04 (+4.05%)
SPAR GROUP INC / SGRP FAQ
Can you provide the ChartMill technical rating for SPAR GROUP INC?
ChartMill assigns a technical rating of 0 / 10 to SGRP.
What is the current trend direction of SPAR GROUP INC (SGRP) stock?
The current trend direction for SPAR GROUP INC (SGRP) is Bearish.
What is the RSI signal for SGRP stock?
SPAR GROUP INC (SGRP) has an RSI value of 38.9122. This indicates that the stock is currently neutral.
What is the MACD signal for SPAR GROUP INC (SGRP) stock?
The MACD indicator for SPAR GROUP INC (SGRP) has a value of -0.0101741, indicating a bearish trend.
Can you provide the short term momentum for SPAR GROUP INC?
The short term momentum for SPAR GROUP INC (SGRP) is negative.