SPECTRUM BRANDS HOLDINGS INC (SPB) Stock Technical Analysis
NYSE:SPB • US84790A1051
We assign a technical rating of 8 out of 10 to SPB. Although SPB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- SPB is one of the better performing stocks in the Household Products industry, it outperforms 90% of 12 stocks in the same industry.
- A new 52 week high is currently being made by SPB, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month SPB has a been trading in the 62.44 - 80.42 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, SPB did better than 76% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Although SPB 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
51.21
4 important support areas can be observed.
- Support @74.18 from a horizontal line in the daily time frame.
- A support zone ranging from 66.58 to 66.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @54.97 from a horizontal line in the daily time frame.
- A support zone ranging from 51.73 to 51.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 SPB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPB is up. |
| ChartMill Relative Strength | 76.88 | POSITIVE | SPB has a high relative strength, it outperformed 76.88% 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) | UP | POSITIVE | The current price of SPB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 81.18 | OVERBOUGHT | The high RSI value suggests SPB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.61 | POSITIVE | The MACD value suggests SPB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.3 | OVERBOUGHT | The high Stochastics value suggests SPB may be overbought. |
| Average True Range in percent/ATR (20) | 2.95 | MEDIUM VOLATILITY | The ATR as a percentage value for SPB suggests some volalility. |
| Average Directional Index/ADX (14) | 42.48 | POSITIVE | The high ADX value value for SPB suggests a strong 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 |
|---|---|---|---|
| 80.43 | 73.28 | 7.15 (8.89%) | 11.25% |
| An entry @80.43. This is a Buy Stop order right above the 10 day high. | An exit @73.28. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 7.15 points, which is 8.89%. | For a 1.00% total portfolio risk, you can invest 11.25% 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.
80.12
+1.91 (+2.44%)
SPECTRUM BRANDS HOLDINGS INC / SPB FAQ
Can you provide the ChartMill technical rating for SPECTRUM BRANDS HOLDINGS INC?
ChartMill assigns a technical rating of 8 / 10 to SPB.
What is the trend direction for SPB stock?
The current trend direction for SPECTRUM BRANDS HOLDINGS INC (SPB) is Bullish.
What is the RSI signal for SPB stock?
SPECTRUM BRANDS HOLDINGS INC (SPB) has an RSI value of 81.1799. This indicates that the stock is currently overbought.
What is the short term momentum for SPECTRUM BRANDS HOLDINGS INC (SPB) stock?
The short term momentum for SPECTRUM BRANDS HOLDINGS INC (SPB) is positive.
Can you provide the support and resistance levels for SPECTRUM BRANDS HOLDINGS INC?
SPECTRUM BRANDS HOLDINGS INC (SPB) has a support level at 74.18. Check the full technical report for our detailed analysis of SPB support and resistance levels.