SOUTH PLAINS FINANCIAL INC (SPFI) Stock Technical Analysis
NASDAQ:SPFI - Nasdaq - US83946P1075 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to SPFI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SPFI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SPFI did better than 86% of all other stocks.
SPFI is part of the Banks industry. There are 396 other stocks in this industry. SPFI outperforms 80% of them.
In the last month SPFI has a been trading in the 32.79 - 36.53 range, which is quite wide. It is currently trading near the high of this range.
SPFI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SPFI is lagging the market slightly.
SPFI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 36.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.73, a Stop Loss order could be placed below this zone.
More info and screens
24.93
39.86
We found 5 important support areas.
- A support zone ranging from 34.91 to 35.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 33.67 to 34.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.62 from a trend line in the weekly time frame.
- A support zone ranging from 30.72 to 30.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.18 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 36.01 to 36.12. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @36.75 from a horizontal line in the daily time frame.
- Resistance @39.47 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 | UP | POSITIVE | The long term trend for SPFI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPFI is up. |
| ChartMill Relative Strength | 86.71 | POSITIVE | SPFI has a high relative strength, it outperformed 86.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPFI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPFI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPFI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.03 | NEUTRAL | The RSI value for SPFI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SPFI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 70.09 | NEUTRAL | The Stochastics value for SPFI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for SPFI suggests some volalility. |
| Average Directional Index/ADX (14) | 29.92 | POSITIVE | The high ADX value value for SPFI 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 |
|---|---|---|---|
| 36.13 | 34.90 | 1.23 (3.40%) | 25.00% |
| An entry @36.13. This is a Buy Stop order right above the resistance zone. | An exit @34.90. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.23 points, which is 3.40%. | For a 0.85% total portfolio risk, you can invest 25.00% 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.
35.97
-0.09 (-0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.25%
1 Week2.07%
2 Weeks-0.96%
1 Month6.61%
3 Month2.07%
6 Month-7.51%
12 Month32.49%
2 Year62.32%
3 Year45.51%
5 Year172.5%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.78
ATR(20)%2.41%
ATR Inc-8.43%
Range Today0.31
ADR(20)0.78
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.71
Mansfield0.4
10 Day High36.53
10 Day Low34.57
20 Day High36.53
20 Day Low32.79
52 Week High40.91
52 Week Low25.13
CS1 End35.73
CR1 Start36.01
Volume & EV
DER(3)-1.15%
DER(5)-0.53%
Volume29.90K
Volume Incr2.46%
Vol(5)28.34K
Vol(50)37.98K