SEASPINE HOLDINGS CORP (SPNE) Technical Analysis
NASDAQ:SPNE • US81255T1088
Current stock price
SPNE Technical Rating and Analysis
Taking everything into account, SPNE scores 9 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, SPNE is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- SPNE is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 96% of 184 stocks in the same industry.
- In the last month SPNE has a been trading in the 6.88 - 9.67 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the yearly performance of all stocks, we notice that SPNE is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- SPNE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SPNE is lagging the market slightly.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SPNE Weekly and Daily overview Charts
SPNE Setup Rating and Analysis
Although SPNE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
SPNE Support and Resistance Analysis
5.59
3 important support areas can be observed.
- Support @7.37 from a trend line in the daily time frame.
- A support zone ranging from 7.08 to 7.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @5.65 from a horizontal line in the daily time frame.
SPNE 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 SPNE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPNE is up. |
| ChartMill Relative Strength | 92.08 | POSITIVE | SPNE has a high relative strength, it outperformed 92.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPNE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPNE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SPNE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 82.77 | OVERBOUGHT | The high RSI value suggests SPNE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests SPNE has a positive trend. |
| Stochastics (14,3) | 96.25 | OVERBOUGHT | The high Stochastics value suggests SPNE may be overbought. |
| Average True Range in percent/ATR (20) | 4.14 | MEDIUM VOLATILITY | The ATR as a percentage value for SPNE suggests some volalility. |
| Average Directional Index/ADX (14) | 23.66 | NEUTRAL | The ADX value for SPNE suggests a possible start of a new trend. |
SPNE Chart- and CandleStick Pattern Analysis
SPNE Technicals: Chart, Performance Metrics, Trend & Indicators
9.54
+0.73 (+8.29%)
SEASPINE HOLDINGS CORP / SPNE TA FAQ
What is the technical rating for SPNE stock?
ChartMill assigns a technical rating of 8 / 10 to SPNE.
Can you provide the trend direction for SEASPINE HOLDINGS CORP?
The current trend direction for SEASPINE HOLDINGS CORP (SPNE) is Bullish.
What is the RSI signal for SPNE stock?
SEASPINE HOLDINGS CORP (SPNE) has an RSI value of 82.7667. This indicates that the stock is currently overbought.
What is the short term momentum for SEASPINE HOLDINGS CORP (SPNE) stock?
The short term momentum for SEASPINE HOLDINGS CORP (SPNE) is positive.
What is the support and resistance level for SPNE stock?
SEASPINE HOLDINGS CORP (SPNE) has a support level at 7.37. Check the full technical report for our detailed analysis of SPNE support and resistance levels.