Sharpspring Inc (SHSP) Stock Technical Analysis
NASDAQ:SHSP
We assign a technical rating of 10 out of 10 to SHSP. Both in the recent history as in the last year, SHSP has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that SHSP is one of the better performing stocks in the market, outperforming 87% of all stocks.
- SHSP is part of the Software industry. There are 276 other stocks in this industry. SHSP outperforms 93% of them.
- SHSP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SHSP is lagging the market.
- In the last month SHSP has a been trading in a tight range between 16.66 and 17.12.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, SHSP also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.04, a Stop Loss order could be placed below this zone.
More info and screens
15.04
When analyzing the support we can see 2 important areas.
- A support zone ranging from 16.67 to 17.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.19 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.11 to 17.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for SHSP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHSP is up. |
| ChartMill Relative Strength | 87.33 | POSITIVE | SHSP has a high relative strength, it outperformed 87.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHSP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHSP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SHSP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.25 | NEUTRAL | The RSI value for SHSP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SHSP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 94.87 | OVERBOUGHT | The high Stochastics value suggests SHSP may be overbought. |
| Average True Range in percent/ATR (20) | 0.49 | LOW VOLATILITY | The low ATR as a percentage value for SHSP suggests low volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.12 | 16.65 | 0.47 (2.72%) | 25.00% |
| An entry @17.12. This is a Buy Stop order right above the resistance zone. | An exit @16.65. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.47 points, which is 2.72%. | For a 0.68% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:SHSP (9/1/2021, 8:39:55 PM)
17.1
0 (0%)
Sharpspring Inc / SHSP FAQ
Can you provide the ChartMill technical rating for Sharpspring Inc?
ChartMill assigns a technical rating of 9 / 10 to SHSP.
What is the trend direction for SHSP stock?
The current trend direction for Sharpspring Inc (SHSP) is Bullish.
What is the RSI signal for SHSP stock?
Sharpspring Inc (SHSP) has an RSI value of 68.2457. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Sharpspring Inc?
The MACD indicator for Sharpspring Inc (SHSP) has a value of -0.0164791, indicating a bearish trend.
What is the buy/sell signal for Sharpspring Inc (SHSP) stock?
The buy/sell signal for Sharpspring Inc (SHSP) is buy as both the short term and long term trends are positive.