SPARTON CORP (SPA) Stock Technical Analysis
USA - NYSE:SPA - US8472351084
18.51
+0.02 (+0.11%)
18.51
0 (0%)
Overall SPA gets a technical rating of 9 out of 10. Both in the recent history as in the last year, SPA has proven to be a steady performer, scoring decent points in every aspect analyzed.
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.
Looking at the yearly performance, SPA did better than 91% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month SPA has a been trading in a tight range between 18.39 and 18.51.
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
13.20
18.71
When analyzing the support we can see 3 important 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.
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. |
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)
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 worst case loss on the trade is limited to 0.11 points, which is 0.59%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.15%. |
- 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.
18.51
+0.02 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.11%
1 Week0.33%
2 Weeks0.27%
1 Month0.6%
3 Month40.33%
6 Month36%
12 Month8.82%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.14%
ATR Inc-28.21%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.96
3 months CRSN/A
6 months CRSN/A
Mansfield0.94
10 Day High18.51
10 Day Low18.43
20 Day High18.51
20 Day Low18.39
52 Week High19.77
52 Week Low11.96
CS1 End18.47
CR1 Start18.52
Volume & EV
DER(3)2.04%
DER(5)1.88%
Volume26.40K
Volume Incr-6.64%
Vol(5)118.02K
Vol(50)134.01K