Defiance Next Gen Spac Derived ETF (SPAK) Stock Technical Analysis
NYSEARCA:SPAK - NYSE Arca - US26922B2043 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to SPAK. Recently some decent action could be observed, but in the medium term time frame this is still negative. SPAK was also a bad performer in the overall market in the last year.
76% of all other stocks performed better in the past year than SPAK.
SPAK is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SPAK is lagging the market.
Warning: SPAK has an average volume of 10402 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
SPAK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month SPAK has a been trading in a tight range between 14.19 and 15.00.
SPAK has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 14.65. Right above this resistance zone may be a good entry point.
More info and screens
12.89
15.18
When analyzing the support we can see 3 important areas.
- A support zone ranging from 14.52 to 14.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.87 to 13.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 13.02 to 13.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 14.65 to 14.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @15.03 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 | DOWN | NEGATIVE | The long term trend for SPAK is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPAK is up. |
| ChartMill Relative Strength | 24.49 | NEGATIVE | SPAK has a low relative strength, it was outperformed by 75.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SPAK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPAK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SPAK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.76 | NEUTRAL | The RSI value for SPAK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SPAK has a negative trend. |
| Stochastics (14,3) | 44.91 | NEUTRAL | The Stochastics value for SPAK is a neutral value. |
| Average True Range in percent/ATR (20) | 1 | LOW VOLATILITY | The low ATR as a percentage value for SPAK suggests low volalility. |
| Average Directional Index/ADX (14) | 17.24 | NEGATIVE | The low ADX value for SPAK suggests a weak or negative 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)
Defiance Next Gen Spac Derived ETF
NYSEARCA:SPAK (8/29/2022, 8:04:00 PM)
14.63
-0.04 (-0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.31%
1 Week-0.37%
2 Weeks-0.37%
1 Month4.21%
3 Month-2.4%
6 Month-11.49%
12 Month-37.74%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%1%
ATR Inc1.22%
Range Today0.14
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
CRS24.49
Mansfield-1.33
10 Day High14.7
10 Day Low14.55
20 Day High15
20 Day Low14.19
52 Week High25.75
52 Week Low12.89
CS1 End14.56
CR1 Start14.65
Volume & EV
DER(3)1.69%
DER(5)1.94%
Volume11.20K
Volume Incr-15.37%
Vol(5)8.34K
Vol(50)10.40K