Taking everything into account, SP 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, SP is showing a nice and steady performance.
Although SP has an excellent technical rating, it does not present a decent entry opportunity 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
2 important support areas can be observed.
- 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. |
53.99
+0.02 (+0.04%)
SP PLUS CORP / SP FAQ
What is the ChartMill technical rating of SP PLUS CORP (SP) stock?
ChartMill assigns a technical rating of 10 / 10 to SP.
What is the current trend direction of SP PLUS CORP (SP) stock?
The current trend direction for SP PLUS CORP (SP) is Bullish.
Can you provide the RSI signal for SP PLUS CORP?
SP PLUS CORP (SP) has an RSI value of 78.1077. This indicates that the stock is currently overbought.
What is the short term momentum for SP PLUS CORP (SP) stock?
The short term momentum for SP PLUS CORP (SP) is positive.
What is the support and resistance level for SP stock?
SP PLUS CORP (SP) has a support level at 52.69. Check the full technical report for our detailed analysis of SP support and resistance levels.