Spartan Motors Inc (SPAR) Stock Technical Analysis
USA - NASDAQ:SPAR -
17.08
-0.07 (-0.41%)
17.08
0 (0%)
Taking everything into account, SPAR scores 10 out of 10 in our technical rating. SPAR has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SPAR did better than 96% of all other stocks. We also observe that the gains produced by SPAR over the past year are nicely spread over this period.
SPAR 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 SPAR is lagging the market slightly.
In the last month SPAR has a been trading in the 12.86 - 18.06 range, which is quite wide. It is currently trading near the high of this range.
Although SPAR 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
11.06
17.82
When analyzing the support we can see 3 important areas.
- A support zone ranging from 15.76 to 15.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.87 to 15.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.17 to 11.17. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @17.09 from a horizontal line in the weekly time frame.
- Resistance @17.64 from a horizontal line in the daily 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 SPAR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPAR is up. |
| ChartMill Relative Strength | 96.14 | POSITIVE | SPAR has a high relative strength, it outperformed 96.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPAR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPAR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPAR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.59 | NEUTRAL | The RSI value for SPAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests SPAR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.07 | OVERBOUGHT | The high Stochastics value suggests SPAR may be overbought. |
| Average True Range in percent/ATR (20) | 5.77 | HIGH VOLATILITY | The high ATR as a percentage value for SPAR suggests high 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)
17.08
-0.07 (-0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.41%
1 Week8.38%
2 Weeks10.34%
1 Month21.22%
3 Month15.8%
6 Month-3.77%
12 Month97.91%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.88
ATR(20)%5.77%
ATR Inc-22.04%
Range Today0.63
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
CRS96.14
Mansfield1.64
10 Day High18.06
10 Day Low15.3
20 Day High18.06
20 Day Low12.86
52 Week High20.7
52 Week Low8.45
CS1 End15.99
CR1 Start17.09
Volume & EV
DER(3)0.52%
DER(5)2.26%
Volume376.10K
Volume Incr3.66%
Vol(5)343.16K
Vol(50)350.77K