SP PLUS CORP (SP) Stock Technical Analysis
NASDAQ:SP - Nasdaq - US78469C1036 - Common Stock - Currency: USD
Overall SP gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SP is showing a nice and steady performance.
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 SP is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, SP also shows a nice and consistent pattern of rising prices.
SP is one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 78% of 83 stocks in the same industry.
SP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SP has a been trading in the 49.65 - 54.42 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although SP has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
39.38
54.53
We found 2 important support areas.
- A support zone ranging from 49.70 to 52.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.78 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for SP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SP is up. |
| ChartMill Relative Strength | 86.1 | POSITIVE | SP has a high relative strength, it outperformed 86.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.11 | OVERBOUGHT | The high RSI value suggests SP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests SP has a positive trend. |
| Stochastics (14,3) | 88.01 | OVERBOUGHT | The high Stochastics value suggests SP may be overbought. |
| Average True Range in percent/ATR (20) | 1.33 | LOW VOLATILITY | The low ATR as a percentage value for SP suggests low volalility. |
| Average Directional Index/ADX (14) | 29.9 | POSITIVE | The high ADX value value for SP suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
53.99
+0.02 (+0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg0.04%
1 Week4.77%
2 Weeks4.51%
1 Month4.79%
3 Month5.22%
6 Month5.7%
12 Month45.6%
2 Year68.93%
3 Year65.16%
5 Year73.99%
10 Year127.61%
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%1.33%
ATR Inc-19.36%
Range Today0.02
ADR(20)0.71
ADR(20)%1.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.1
Mansfield0.33
10 Day High54.42
10 Day Low51.25
20 Day High54.42
20 Day Low49.65
52 Week High54.42
52 Week Low34.17
CS1 End52.69
CR1 StartN/A
Volume & EV
DER(3)-3.94%
DER(5)-3.47%
Volume594.00K
Volume Incr360.68%
Vol(5)853.16K
Vol(50)220.02K