We assign a technical rating of 8 out of 10 to SPFI. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SPFI is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by SPFI, 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 SPFI has a been trading in the 38.03 - 42.56 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, SPFI did better than 75% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- SPFI is part of the Banks industry. There are 383 other stocks in this industry, SPFI did better than 52% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SPFI has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
34.93
When analyzing the support we can see 4 important areas.
- A support zone ranging from 38.89 to 40.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.04 to 38.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 35.94 to 36.50. 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.
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 | 75.34 | POSITIVE | SPFI has a high relative strength, it outperformed 75.34% 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) | 69.52 | NEUTRAL | The RSI value for SPFI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests SPFI has a positive trend. |
| Stochastics (14,3) | 86.2 | OVERBOUGHT | The high Stochastics value suggests SPFI may be overbought. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for SPFI suggests some volalility. |
| Average Directional Index/ADX (14) | 27.76 | POSITIVE | The high ADX value value for SPFI suggests a strong trend. |
42.55
+2.14 (+5.3%)
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 69.522. 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 40.21. Check the full technical report for our detailed analysis of SPFI support and resistance levels.