Overall SPKE gets a technical rating of 5 out of 10. SPKE 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.
- In the last month SPKE has a been trading in the 11.00 - 12.35 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- SPKE is part of the Electric Utilities industry. There are 46 other stocks in this industry. SPKE outperforms 71% of them.
- SPKE 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 SPKE is lagging the market slightly.
- When compared to the yearly performance of all other stocks, SPKE outperforms 65% of them, which is more or less in line with the market.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, SPKE does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 11.37, a Stop Loss order could be placed below this zone.
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9.59
When analyzing the support we can see 4 important areas.
- A support zone ranging from 11.09 to 11.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.31 from a trend line in the daily time frame.
- Support @10.07 from a horizontal line in the daily time frame.
- A support zone ranging from 9.69 to 9.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 11.93 to 12.00. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 12.23 to 12.24. This zone is formed by a combination of multiple trend lines 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 SPKE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SPKE is neutral. |
| ChartMill Relative Strength | 65.42 | NEUTRAL | SPKE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SPKE is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPKE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPKE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.41 | NEUTRAL | The RSI value for SPKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SPKE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.37 | NEUTRAL | The Stochastics value for SPKE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for SPKE suggests some volalility. |
NASDAQ:SPKE (8/9/2021, 8:13:24 PM)
11.37
+0.34 (+3.08%)
Spark Energy / SPKE FAQ
What is the ChartMill technical rating of Spark Energy (SPKE) stock?
ChartMill assigns a technical rating of 5 / 10 to SPKE.
What is the current trend direction of Spark Energy (SPKE) stock?
The current trend direction for Spark Energy (SPKE) is Bullish.
Can you provide the RSI signal for Spark Energy?
Spark Energy (SPKE) has an RSI value of 51.412. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Spark Energy?
The MACD indicator for Spark Energy (SPKE) has a value of -0.0354095, indicating a bearish trend.