SPB Technical Analysis - SPECTRUM BRANDS HOLDINGS INC

Technical Rating and Analysis

Taking everything into account, SPB scores 0 out of 10 in our technical rating. SPB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

When comparing the yearly performance of all stocks, SPB is a bad performer in the overall market: 92% of all stocks are doing better.

SPB is one of the lesser performing stocks in the Household Products industry. 100% of 12 stocks in the same industry do better.

SPB is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month SPB has a been trading in the 51.56 - 55.65 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SPECTRUM BRANDS HOLDINGS INC / SPB Weekly stock chart

SPECTRUM BRANDS HOLDINGS INC / SPB Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, SPB does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 54.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 51.73, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

51.20

95.75

We found 1 important support area.

A support zone ranging from 51.72 to 51.73. 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 54.45 to 55.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @94.80 from a horizontal line in the weekly time frame.

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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	DOWN	NEGATIVE	The long term trend for SPB is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SPB is neutral.
ChartMill Relative Strength	8.7	NEGATIVE	SPB has a low relative strength, it was outperformed by 91.3% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SPB is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SPB is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SPB is below a declining SMA(200).
Relative Strength Index/RSI (14)	44.9	NEUTRAL	The RSI value for SPB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.13	POSITIVE	The MACD value suggests SPB has a positive trend, although the MACD value is declining.
Stochastics (14,3)	50.56	NEUTRAL	The Stochastics value for SPB is a neutral value.
Average True Range in percent/ATR (20)	2.96	MEDIUM VOLATILITY	The ATR as a percentage value for SPB suggests some volalility.
Average Directional Index/ADX (14)	8.77	NEGATIVE	The low ADX value for SPB suggests a weak or negative trend.