SPLUNK INC (SPLK) Stock Technical Analysis
NASDAQ:SPLK - Nasdaq - US8486371045 - Common Stock - Currency: USD
Taking everything into account, SPLK scores 10 out of 10 in our technical rating. 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.
Both the short term and long term trends are positive. This is a very positive sign.
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. We also observe that the gains produced by SPLK over the past year are nicely spread over this period.
SPLK is part of the Software industry. There are 284 other stocks in this industry. SPLK outperforms 82% of them.
A new 52 week high is currently being made by SPLK, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, 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.
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
105.21
158.48
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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
156.9
+0.39 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.25%
1 Week0.29%
2 Weeks0.47%
1 Month0.96%
3 Month2.84%
6 Month29.85%
12 Month76%
2 Year5.58%
3 Year15.81%
5 Year25.92%
10 Year119.47%
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%0.18%
ATR Inc125.18%
Range Today0.07
ADR(20)0.26
ADR(20)%0.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.13
Mansfield0.98
10 Day High156.97
10 Day Low156.1
20 Day High156.97
20 Day Low155.25
52 Week High156.97
52 Week Low82.19
CS1 End156.48
CR1 Start156.91
Volume & EV
DER(3)0.03%
DER(5)0.03%
Volume18.21M
Volume Incr198.67%
Vol(5)5.67M
Vol(50)2.09M