SPLUNK INC (SPLK) Technical Analysis
NASDAQ:SPLK • US8486371045
Current stock price
SPLK Technical Rating and Analysis
Overall SPLK gets a technical rating of 10 out of 10. Both in the recent history as in the last year, SPLK has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that SPLK is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, SPLK also shows a nice and consistent pattern of rising prices.
- SPLK is one of the better performing stocks in the Software industry, it outperforms 91% of 278 stocks in the same industry.
- SPLK is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SPLK is leading the market.
- SPLK has an average volume of 2093590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month SPLK has a been trading in a tight range between 155.25 and 156.97.
- Volume is considerably higher in the last couple of days.
SPLK Weekly and Daily overview Charts
SPLK Setup Rating and Analysis
Although SPLK has an excellent technical rating, it does not present a decent entry opportunity 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
SPLK Support and Resistance Analysis
105.21
We found 3 important support areas.
- A support zone ranging from 152.56 to 156.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 146.47 to 146.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @106.27 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 156.91 to 156.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
SPLK 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 | UP | POSITIVE | The long term trend for SPLK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPLK is up. |
| ChartMill Relative Strength | 90.13 | POSITIVE | SPLK has a high relative strength, it outperformed 90.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPLK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPLK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPLK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 80.02 | OVERBOUGHT | The high RSI value suggests SPLK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SPLK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 88.33 | OVERBOUGHT | The high Stochastics value suggests SPLK may be overbought. |
| Average True Range in percent/ATR (20) | 0.18 | LOW VOLATILITY | The low ATR as a percentage value for SPLK suggests low volalility. |
| Average Directional Index/ADX (14) | 67.63 | POSITIVE | The high ADX value value for SPLK suggests a strong trend. |
SPLK Chart- and CandleStick Pattern Analysis
SPLK Technicals: Chart, Performance Metrics, Trend & Indicators
156.9
+0.39 (+0.25%)
SPLUNK INC / SPLK TA FAQ
What is the ChartMill technical rating of SPLUNK INC (SPLK) stock?
ChartMill assigns a technical rating of 10 / 10 to SPLK.
What is the current trend direction of SPLUNK INC (SPLK) stock?
The current trend direction for SPLUNK INC (SPLK) is Bullish.
Can you provide the RSI signal for SPLUNK INC?
SPLUNK INC (SPLK) has an RSI value of 80.0241. This indicates that the stock is currently overbought.
What is the MACD signal for SPLUNK INC (SPLK) stock?
The MACD indicator for SPLUNK INC (SPLK) has a value of -0.0391558, indicating a bearish trend.
Can you provide the support and resistance levels for SPLUNK INC?
SPLUNK INC (SPLK) has a support level at 156.48 and a resistance level at 156.91. Check the full technical report for our detailed analysis of SPLK support and resistance levels.