SPECTRUM BRANDS HOLDINGS INC (SPB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SPB - US84790A1051 - Common Stock
We assign a technical rating of 6 out of 10 to SPB. In the last year, SPB was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
SPB has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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 59.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 54.97, a Stop Loss order could be placed below this zone.
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49.84
3 important support areas can be observed.
- A support zone ranging from 54.55 to 54.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Strong support @51.73 from a horizontal line in the daily time frame.
- A support zone ranging from 50.34 to 50.35. 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 59.21 to 60.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @94.80 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for SPB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPB is up. |
| ChartMill Relative Strength | 16.88 | NEGATIVE | SPB has a low relative strength, it was outperformed by 83.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPB is above the rising 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) | 58.41 | NEUTRAL | The RSI value for SPB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests SPB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.98 | NEUTRAL | The Stochastics value for SPB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.99 | MEDIUM VOLATILITY | The ATR as a percentage value for SPB suggests some volalility. |
| Average Directional Index/ADX (14) | 20.97 | NEUTRAL | The ADX value for SPB suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 60.28 | 54.54 | 5.74 (9.52%) | 10.50% |
| An entry @60.28. This is a Buy Stop order right above the resistance zone. | An exit @54.54. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.74 points, which is 9.52%. | For a 1.00% total portfolio risk, you can invest 10.50% of your capital in this trade. |
- 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.
58.55
+1.12 (+1.95%)
SPECTRUM BRANDS HOLDINGS INC / SPB FAQ
Can you provide the ChartMill technical rating for SPECTRUM BRANDS HOLDINGS INC?
ChartMill assigns a technical rating of 6 / 10 to SPB.
What is the current trend direction of SPECTRUM BRANDS HOLDINGS INC (SPB) stock?
The current trend direction for SPECTRUM BRANDS HOLDINGS INC (SPB) is Bearish.
What is the RSI signal for SPB stock?
SPECTRUM BRANDS HOLDINGS INC (SPB) has an RSI value of 58.4117. This indicates that the stock is currently neutral.
What is the short term momentum for SPB stock?
The short term momentum for SPECTRUM BRANDS HOLDINGS INC (SPB) is positive.