SPARTON CORP (SPA) Technical Analysis
NYSE:SPA • US8472351084
Current stock price
SPA Technical Rating and Analysis
Overall SPA gets a technical rating of 9 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, SPA is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- SPA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SPA is lagging the market slightly.
- When comparing the yearly performance of all stocks, we notice that SPA is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month SPA has a been trading in a tight range between 18.39 and 18.51.
SPA Weekly and Daily overview Charts
SPA Setup Rating and Analysis
Although SPA has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
SPA Support and Resistance Analysis
13.20
We found 3 important support areas.
- A support zone ranging from 18.12 to 18.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.02 from a trend line in the daily time frame.
- Support @13.33 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.52 to 18.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
SPA 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 SPA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPA is up. |
| ChartMill Relative Strength | 91.96 | POSITIVE | SPA has a high relative strength, it outperformed 91.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.47 | OVERBOUGHT | The high RSI value suggests SPA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SPA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 91.67 | OVERBOUGHT | The high Stochastics value suggests SPA may be overbought. |
| Average True Range in percent/ATR (20) | 0.14 | LOW VOLATILITY | The low ATR as a percentage value for SPA suggests low volalility. |
SPA Chart- and CandleStick Pattern Analysis
SPA 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 |
|---|---|---|---|
| 18.53 | 18.42 | 0.11 (0.59%) | 25.00% |
| An entry @18.53. This is a Buy Stop order right above the resistance zone. | An exit @18.42. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.11 points, which is 0.59%. | For a 0.15% 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.
SPA Technicals: Chart, Performance Metrics, Trend & Indicators
18.51
+0.02 (+0.11%)
SPARTON CORP / SPA TA FAQ
What is the ChartMill technical rating of SPARTON CORP (SPA) stock?
ChartMill assigns a technical rating of 8 / 10 to SPA.
What is the current trend direction of SPARTON CORP (SPA) stock?
The current trend direction for SPARTON CORP (SPA) is Bullish.
What is the RSI signal for SPA stock?
SPARTON CORP (SPA) has an RSI value of 72.4667. This indicates that the stock is currently overbought.
What is the MACD signal for SPARTON CORP (SPA) stock?
The MACD indicator for SPARTON CORP (SPA) has a value of -0.0285827, indicating a bearish trend.
What is the short term momentum for SPARTON CORP (SPA) stock?
The short term momentum for SPARTON CORP (SPA) is positive.