Sharpspring Inc (SHSP) Technical Analysis
NASDAQ:SHSP
Current stock price
SHSP Technical Rating and Analysis
Taking everything into account, SHSP scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SHSP is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, SHSP did better than 87% of all other stocks.
- SHSP is part of the Software industry. There are 271 other stocks in this industry. SHSP outperforms 91% 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.
SHSP Weekly and Daily overview Charts
SHSP Setup Rating and Analysis
SHSP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
SHSP Support and Resistance Analysis
15.04
We found 2 important support 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.
SHSP Technical Indicator Signal Analysis
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. |
SHSP Chart- and CandleStick Pattern Analysis
SHSP Example Setup
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.
SHSP Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:SHSP (9/1/2021, 8:39:55 PM)
17.1
0 (0%)
Sharpspring Inc / SHSP TA 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 Sharpspring Inc (SHSP) stock?
Sharpspring Inc (SHSP) has an RSI value of 68.2457. This indicates that the stock is currently neutral.
What is the short term momentum for Sharpspring Inc (SHSP) stock?
The short term momentum for Sharpspring Inc (SHSP) is positive.
Can you provide the support and resistance levels for Sharpspring Inc?
Sharpspring Inc (SHSP) has a support level at 17.04 and a resistance level at 17.11. Check the full technical report for our detailed analysis of SHSP support and resistance levels.