STAPLES INC (SPLS) Stock Technical Analysis
USA - NASDAQ:SPLS - US8550301027
Taking everything into account, SPLS scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SPLS is showing a nice and steady performance.
Besides having an excellent technical rating, SPLS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.24, a Stop Loss order could be placed below this zone.
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8.86
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.03 to 10.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.25 from a trend line in the weekly time frame.
- Support @8.95 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.26 to 10.26. 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 SPLS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPLS is up. |
| ChartMill Relative Strength | 79.92 | POSITIVE | SPLS has a high relative strength, it outperformed 79.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPLS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPLS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPLS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.93 | NEUTRAL | The RSI value for SPLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SPLS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 87.96 | OVERBOUGHT | The high Stochastics value suggests SPLS may be overbought. |
| Average True Range in percent/ATR (20) | 0.21 | LOW VOLATILITY | The low ATR as a percentage value for SPLS suggests low volalility. |
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 |
|---|---|---|---|
| 10.27 | 10.19 | 0.08 (0.78%) | 25.00% |
| An entry @10.27. This is a Buy Stop order right above the resistance zone. | An exit @10.19. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.08 points, which is 0.78%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.19%. |
- 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.
10.25
+0.01 (+0.1%)
STAPLES INC / SPLS FAQ
What is the ChartMill technical rating of STAPLES INC (SPLS) stock?
ChartMill assigns a technical rating of 8 / 10 to SPLS.
What is the current trend direction of STAPLES INC (SPLS) stock?
The current trend direction for STAPLES INC (SPLS) is Bullish.
What is the RSI signal for SPLS stock?
STAPLES INC (SPLS) has an RSI value of 64.9265. This indicates that the stock is currently neutral.
What is the short term momentum for STAPLES INC (SPLS) stock?
The short term momentum for STAPLES INC (SPLS) is positive.
Can you provide the buy/sell signal for STAPLES INC?
The buy/sell signal for STAPLES INC (SPLS) is buy as both the short term and long term trends are positive.