Spartan Motors Inc (SPAR) Technical Analysis
NASDAQ:SPAR
Current stock price
SPAR Technical Rating and Analysis
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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.
SPAR Weekly and Daily overview Charts
SPAR Setup Rating and Analysis
SPAR 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.
More info and screens
SPAR Support and Resistance Analysis
11.06
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.
When analyzing the resistance we notice 2 important 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.
SPAR 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 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. |
SPAR Chart- and CandleStick Pattern Analysis
SPAR Technicals: Chart, Performance Metrics, Trend & Indicators
17.08
-0.07 (-0.41%)
Spartan Motors Inc / SPAR TA FAQ
Can you provide the ChartMill technical rating for Spartan Motors Inc?
ChartMill assigns a technical rating of 9 / 10 to SPAR.
What is the current trend direction of Spartan Motors Inc (SPAR) stock?
The current trend direction for Spartan Motors Inc (SPAR) is Bullish.
What is the RSI signal for Spartan Motors Inc (SPAR) stock?
Spartan Motors Inc (SPAR) has an RSI value of 60.5856. This indicates that the stock is currently neutral.
What is the buy/sell signal for SPAR stock?
The buy/sell signal for Spartan Motors Inc (SPAR) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SPAR stock?
Spartan Motors Inc (SPAR) has a support level at 15.99 and a resistance level at 17.09. Check the full technical report for our detailed analysis of SPAR support and resistance levels.