SPAC & NEW ISSUE ETF (SPCX) Stock Technical Analysis
NASDAQ:SPCX - Nasdaq - US19423L6728 - ETF - Currency: USD
We assign a technical rating of 9 out of 10 to SPCX. Both in the recent history as in the last year, SPCX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: SPCX has an average volume of 2032 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SPCX did better than 77% of all other stocks.
SPCX is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SPCX is leading the market.
In the last month SPCX has a been trading in the 24.66 - 26.38 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although SPCX 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
23.15
26.64
When analyzing the support we notice one important area.
- A support zone ranging from 23.38 to 23.48. 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 SPCX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPCX is up. |
| ChartMill Relative Strength | 77.02 | POSITIVE | SPCX has a high relative strength, it outperformed 77.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPCX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPCX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPCX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.19 | OVERBOUGHT | The high RSI value suggests SPCX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests SPCX has a positive trend. |
| Stochastics (14,3) | 89.82 | OVERBOUGHT | The high Stochastics value suggests SPCX may be overbought. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for SPCX suggests low volalility. |
| Average Directional Index/ADX (14) | 41.46 | POSITIVE | The high ADX value value for SPCX suggests a strong trend. |
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)
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 |
|---|---|---|---|
| 26.39 | 25.32 | 1.07 (4.05%) | 24.66% |
| An entry @26.39. This is a Buy Stop order right above the 10 day high. | An exit @25.32. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.07 points, which is 4.05%. | For a 1.00% total portfolio risk, you can invest 24.66% 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.
NASDAQ:SPCX (6/18/2025, 8:00:02 PM)
26.38
+0.41 (+1.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.58%
1 Week2.85%
2 Weeks4.81%
1 Month5.86%
3 Month9.96%
6 Month12.3%
12 Month12.4%
2 Year9.92%
3 Year-3.19%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%1.68%
ATR Inc-6.6%
Range Today0.43
ADR(20)0.36
ADR(20)%1.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.02
Mansfield0.6
10 Day High26.38
10 Day Low25.33
20 Day High26.38
20 Day Low24.66
52 Week High26.38
52 Week Low22.4
CS1 End23.48
CR1 StartN/A
Volume & EV
DER(3)-0.18%
DER(5)-8.11%
Volume700
Volume Incr-6.96%
Vol(5)2.94K
Vol(50)2.03K