SPI ENERGY CO LTD (SPI) Stock Technical Analysis
USA - NASDAQ:SPI - KYG8651P1101 - Common Stock
We assign a technical rating of 8 out of 10 to SPI. In the last year, SPI was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
SPI has an excellent technical rating, but the quality of the setup is only medium 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
0.76
We found 1 important resistance area.
- Resistance @0.78 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 | NEUTRAL | NEUTRAL | The long term trend for SPI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPI is up. |
| ChartMill Relative Strength | 90.12 | POSITIVE | SPI has a high relative strength, it outperformed 90.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.55 | NEUTRAL | The RSI value for SPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SPI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 31.88 | NEUTRAL | The Stochastics value for SPI is a neutral value. |
| Average True Range in percent/ATR (20) | 26.07 | HIGH VOLATILITY | The high ATR as a percentage value for SPI suggests high volalility. |
| Average Directional Index/ADX (14) | 42.59 | POSITIVE | The high ADX value value for SPI 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 |
|---|---|---|---|
| 0.79 | 0.36 | 0.43 (54.43%) | 1.84% |
| An entry @0.79. This is a Buy Stop order right above the resistance zone. | An exit @0.36. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.43 points, which is 54.43%. | When investing 1.84% 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.
0.766
-0.09 (-10.42%)
SPI ENERGY CO LTD / SPI FAQ
What is the ChartMill technical rating of SPI ENERGY CO LTD (SPI) stock?
ChartMill assigns a technical rating of 8 / 10 to SPI.
What is the current trend direction of SPI ENERGY CO LTD (SPI) stock?
The current trend direction for SPI ENERGY CO LTD (SPI) is Bearish.
Can you provide the RSI signal for SPI ENERGY CO LTD?
SPI ENERGY CO LTD (SPI) has an RSI value of 69.545. This indicates that the stock is currently neutral.
What is the MACD signal for SPI ENERGY CO LTD (SPI) stock?
The MACD indicator for SPI ENERGY CO LTD (SPI) has a value of 0.0438996, indicating a bearish trend.