SPI ENERGY CO LTD (SPI) Technical Analysis
NASDAQ:SPI • KYG8651P1101
Current stock price
SPI Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to SPI. SPI has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- SPI has an average volume of 6934890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, SPI did better than 90% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- SPI is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, SPI did better than 62% of them.
- SPI 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 SPI is lagging the market slightly.
- In the last month SPI has a been trading in the 0.31 - 1.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SPI Weekly and Daily overview Charts
SPI Setup Rating and Analysis
Although SPI has an excellent technical rating, the quality of the presented setup is not ideal 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
SPI Support and Resistance Analysis
0.76
We found 1 important resistance area.
- Resistance @0.78 from a horizontal line in the weekly time frame.
SPI Technical Indicator Signal Analysis
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. |
SPI Chart- and CandleStick Pattern Analysis
SPI Example Setup
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.
SPI Technicals: Chart, Performance Metrics, Trend & Indicators
0.766
-0.09 (-10.42%)
SPI ENERGY CO LTD / SPI TA 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 trend direction for 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.
Can you provide the short term momentum for SPI ENERGY CO LTD?
The short term momentum for SPI ENERGY CO LTD (SPI) is positive.