SPNE Technical Analysis - SEASPINE HOLDINGS CORP

Technical Rating and Analysis

Overall SPNE gets a technical rating of 9 out of 10. 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 93% of 191 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 currently trading near new highs, so SPNE is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SEASPINE HOLDINGS CORP / SPNE Weekly stock chart

SEASPINE HOLDINGS CORP / SPNE Daily stock chart

Setup Rating and Analysis

Although SPNE has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.59

9.64

When analyzing the support we can see 3 important areas.

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.

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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.