SOUTH PLAINS FINANCIAL INC (SPFI) Stock Technical Analysis
USA - NASDAQ:SPFI - US83946P1075 - Common Stock
39.22 USD
-1.43 (-3.52%)
39.22 USD
0 (0%)
We assign a technical rating of 6 out of 10 to SPFI. SPFI has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
SPFI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SPFI is lagging the market slightly.
When compared to the yearly performance of all other stocks, SPFI outperforms 69% of them, which is more or less in line with the market.
SPFI is part of the Banks industry. There are 392 other stocks in this industry, SPFI did better than 62% of them.
In the last month SPFI has a been trading in the 39.08 - 41.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SPFI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 41.32. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.21, a Stop Loss order could be placed below this zone.
More info and screens
33.31
42.11
5 important support areas can be observed.
- A support zone ranging from 38.37 to 39.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.75 to 36.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 36.00 to 36.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @35.28 from a horizontal line in the daily time frame.
- Support @33.65 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 41.32 to 41.69. 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 SPFI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SPFI is neutral. |
| ChartMill Relative Strength | 69.19 | NEUTRAL | SPFI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPFI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SPFI is below 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) | 46.04 | NEUTRAL | The RSI value for SPFI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests SPFI has a negative trend. |
| Stochastics (14,3) | 26.15 | NEUTRAL | The Stochastics value for SPFI is a neutral value. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for SPFI suggests some volalility. |
| Average Directional Index/ADX (14) | 27.4 | 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 |
|---|---|---|---|
| 40.04 | 39.07 | 0.97 (2.43%) | 25.00% |
| An entry @40.04. This is a Buy Stop order right above the 10 day moving average. | An exit @39.07. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.97 points, which is 2.43%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.61%. |
- The distance between exit and entry is rather small compared to the average daily movement of SPFI. Please evaluate whether better entry and exit points can be found.
- 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.
39.22
-1.43 (-3.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-3.52%
1 Week-1.46%
2 Weeks-3.16%
1 Month-0.93%
3 Month11.42%
6 Month20.38%
12 Month15.73%
2 Year48.34%
3 Year42.31%
5 Year216.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.15
ATR(20)%3%
ATR Inc48.42%
Range Today1.9
ADR(20)1.15
ADR(20)%2.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.19
Mansfield-0.19
10 Day High41.43
10 Day Low39.08
20 Day High41.91
20 Day Low39.08
52 Week High42.38
52 Week Low30.01
CS1 End39.21
CR1 Start41.32
Volume & EV
DER(3)-1.01%
DER(5)-0.75%
Volume160.60K
Volume Incr41.68%
Vol(5)65.62K
Vol(50)60.34K