SOUTH PLAINS FINANCIAL INC (SPFI) Stock Technical Analysis
NASDAQ:SPFI • US83946P1075
Overall SPFI gets a technical rating of 8 out of 10. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that SPFI is one of the better performing stocks in the market, outperforming 75% of all stocks.
- 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.
- SPFI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- SPFI is part of the Banks industry. There are 381 other stocks in this industry, SPFI did better than 61% of them.
Besides having an excellent technical rating, SPFI 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 43.22. Right above this resistance zone may be a good entry point.
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34.93
4 important support areas can be observed.
- A support zone ranging from 39.68 to 40.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.27 from a horizontal line in the daily time frame.
- A support zone ranging from 36.35 to 36.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.28 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 43.22 to 43.22. 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 | UP | POSITIVE | The short term trend for SPFI is up. |
| ChartMill Relative Strength | 75.24 | POSITIVE | SPFI has a high relative strength, it outperformed 75.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SPFI is above a declining 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) | 57.67 | NEUTRAL | The RSI value for SPFI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests SPFI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.73 | NEUTRAL | The Stochastics value for SPFI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for SPFI suggests some volalility. |
| Average Directional Index/ADX (14) | 39.37 | POSITIVE | The high ADX value value for SPFI 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 |
|---|---|---|---|
| 43.23 | 41.32 | 1.91 (4.42%) | 22.63% |
| An entry @43.23. This is a Buy Stop order right above the resistance zone. | An exit @41.32. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.91 points, which is 4.42%. | When investing 22.63% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
42.46
+0.35 (+0.83%)
SOUTH PLAINS FINANCIAL INC / SPFI FAQ
What is the technical rating for SPFI stock?
ChartMill assigns a technical rating of 8 / 10 to SPFI.
What is the trend direction for SPFI stock?
The current trend direction for SOUTH PLAINS FINANCIAL INC (SPFI) is Bullish.
What is the RSI signal for SOUTH PLAINS FINANCIAL INC (SPFI) stock?
SOUTH PLAINS FINANCIAL INC (SPFI) has an RSI value of 57.6735. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SOUTH PLAINS FINANCIAL INC?
The short term momentum for SOUTH PLAINS FINANCIAL INC (SPFI) is positive.
What are the support and resistance levels for SOUTH PLAINS FINANCIAL INC (SPFI) stock?
SOUTH PLAINS FINANCIAL INC (SPFI) has a support level at 40.04 and a resistance level at 43.22. Check the full technical report for our detailed analysis of SPFI support and resistance levels.