SPARTON CORP (SPA) Stock Technical Analysis
NYSE:SPA • US8472351084
Taking everything into account, SPA scores 9 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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 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 has an excellent technical rating, but the quality of the setup is only medium 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.
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13.20
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.
We found 1 important resistance 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. |
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%)
SPARTON CORP / SPA 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.
Can you provide the RSI signal for SPARTON CORP?
SPARTON CORP (SPA) has an RSI value of 72.4667. This indicates that the stock is currently overbought.
Can you provide the short term momentum for SPARTON CORP?
The short term momentum for SPARTON CORP (SPA) is positive.
What is the buy/sell signal for SPARTON CORP (SPA) stock?
The buy/sell signal for SPARTON CORP (SPA) is buy as both the short term and long term trends are positive.