SOUND POINT MERIDIAN CAPITAL (SPMC) Stock Technical Analysis
USA - NYSE:SPMC - US83617A1088
We assign a technical rating of 0 out of 10 to SPMC. SPMC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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
16.42
2 important resistance areas can be observed.
- A resistance zone ranging from 17.42 to 17.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.38 to 18.45. 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 | 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 | 18.69 | NEGATIVE | SPMC has a low relative strength, it was outperformed by 81.31% 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) | 44.61 | NEUTRAL | The RSI value for SPMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests SPMC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.07 | NEUTRAL | The Stochastics value for SPMC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for SPMC suggests some volalility. |
| Average Directional Index/ADX (14) | 36.93 | POSITIVE | The high ADX value value for SPMC suggests a strong trend. |
16.59
+0.22 (+1.34%)
SOUND POINT MERIDIAN CAPITAL / SPMC FAQ
Can you provide the ChartMill technical rating for SOUND POINT MERIDIAN CAPITAL?
ChartMill assigns a technical rating of 0 / 10 to SPMC.
Can you provide the trend direction for SOUND POINT MERIDIAN CAPITAL?
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 44.6057. This indicates that the stock is currently neutral.
What is the buy/sell signal for SOUND POINT MERIDIAN CAPITAL (SPMC) stock?
The buy/sell signal for SOUND POINT MERIDIAN CAPITAL (SPMC) is sell as both the short term and long term trends are negative.
What is the support and resistance level for SPMC stock?
SOUND POINT MERIDIAN CAPITAL (SPMC) has a resistance level at 17.42. Check the full technical report for our detailed analysis of SPMC support and resistance levels.