SOUND POINT MERIDIAN CAPITAL (SPMC) Technical Analysis
NYSE:SPMC • US83617A1088
Current stock price
SPMC Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to SPMC. SPMC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, SPMC is a bad performer in the overall market: 94% of all stocks are doing better.
- SPMC is one of the lesser performing stocks in the Capital Markets industry. 81% of 239 stocks in the same industry do better.
- SPMC is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SPMC is lagging the market.
- In the last month SPMC has a been trading in the 8.36 - 11.49 range, which is quite wide. It is currently trading near the lows of this range.
SPMC Weekly and Daily overview Charts
SPMC Setup Rating and Analysis
The technical rating of SPMC is bad and it also does not present a quality setup 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
SPMC Support and Resistance Analysis
8.79
4 important resistance areas can be observed.
- A resistance zone ranging from 9.71 to 9.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 12.34 to 12.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 15.27 to 15.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 17.95 to 17.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
SPMC 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 | DOWN | NEGATIVE | The long term trend for SPMC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPMC is down. |
| ChartMill Relative Strength | 6.52 | NEGATIVE | SPMC has a low relative strength, it was outperformed by 93.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPMC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SPMC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SPMC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.23 | NEUTRAL | The RSI value for SPMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SPMC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.25 | OVERSOLD | The low Stochastics value suggests SPMC may be oversold. |
| Average True Range in percent/ATR (20) | 6.54 | HIGH VOLATILITY | The high ATR as a percentage value for SPMC suggests high volalility. |
| Average Directional Index/ADX (14) | 41.55 | POSITIVE | The high ADX value value for SPMC suggests a strong trend. |
SPMC Chart- and CandleStick Pattern Analysis
SPMC Technicals: Chart, Performance Metrics, Trend & Indicators
8.88
-0.02 (-0.22%)
SOUND POINT MERIDIAN CAPITAL / SPMC TA FAQ
Can you provide the ChartMill technical rating for SOUND POINT MERIDIAN CAPITAL?
ChartMill assigns a technical rating of 0 / 10 to SPMC.
What is the current trend direction of SOUND POINT MERIDIAN CAPITAL (SPMC) stock?
The current trend direction for SOUND POINT MERIDIAN CAPITAL (SPMC) is Bearish.
Can you provide the RSI signal for SOUND POINT MERIDIAN CAPITAL?
SOUND POINT MERIDIAN CAPITAL (SPMC) has an RSI value of 32.2268. This indicates that the stock is currently neutral.
What is the MACD signal for SOUND POINT MERIDIAN CAPITAL (SPMC) stock?
The MACD indicator for SOUND POINT MERIDIAN CAPITAL (SPMC) has a value of -0.0255758, indicating a bearish trend.
Can you provide the buy/sell signal for SOUND POINT MERIDIAN CAPITAL?
The buy/sell signal for SOUND POINT MERIDIAN CAPITAL (SPMC) is sell as both the short term and long term trends are negative.