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SEASPINE HOLDINGS CORP (SPNE) Stock Technical Analysis

USA - Nasdaq - NASDAQ:SPNE - US81255T1088 - Common Stock

9.54 USD
+0.73 (+8.29%)
Last: 1/4/2023, 8:00:02 PM
9.35 USD
-0.19 (-1.99%)
After Hours: 1/4/2023, 8:00:02 PM
Technical Rating and Analysis

9

Taking everything into account, SPNE scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, SPNE has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
SPNE is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry. SPNE outperforms 91% of them.
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.
Looking at the yearly performance, SPNE did better than 92% of all other stocks. However, this overall good ranking is mostly due to the recent strong 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.
Weekly and Daily overview Charts
SEASPINE HOLDINGS CORP / SPNE Weekly stock chart
SEASPINE HOLDINGS CORP / SPNE Daily stock chart
Setup Rating and Analysis

1

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.

Support and Resistance Analysis

5.59

9.64

We found 3 important support 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.

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for SPNE is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for SPNE is up.
ChartMill Relative Strength92.08POSITIVESPNE has a high relative strength, it outperformed 92.08% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of SPNE is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of SPNE is above the rising SMA(50).
Simple Moving Average/SMA (200)DOWNMIXEDThe current price of SPNE is above a declining SMA(200).
Relative Strength Index/RSI (14)82.77OVERBOUGHTThe high RSI value suggests SPNE may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.19POSITIVEThe MACD value suggests SPNE has a positive trend.
Stochastics (14,3)96.25OVERBOUGHTThe high Stochastics value suggests SPNE may be overbought.
Average True Range in percent/ATR (20)4.14MEDIUM VOLATILITYThe ATR as a percentage value for SPNE suggests some volalility.
Average Directional Index/ADX (14)23.66NEUTRALThe ADX value for SPNE suggests a possible start of a new trend.
Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
SEASPINE HOLDINGS CORP / SPNE Daily stock chart

SEASPINE HOLDINGS CORP

NASDAQ:SPNE (1/4/2023, 8:00:02 PM)

After market: 9.35 -0.19 (-1.99%)

9.54

+0.73 (+8.29%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg8.29%
1 Week25.86%
2 Weeks35.7%
1 Month24.38%
3 Month73.14%
6 Month59%
12 Month-24.58%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%4.14%
ATR Inc146.81%
Range Today1.24
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.08
3 months CRSN/A
6 months CRSN/A
Mansfield2.18
10 Day High9.67
10 Day Low6.96
20 Day High9.67
20 Day Low6.88
52 Week High13.64
52 Week Low5.48
CS1 End7.37
CR1 StartN/A
Volume & EV
DER(3)6.05%
DER(5)4.16%
Volume1.16M
Volume Incr150.91%
Vol(5)510.18K
Vol(50)257.16K

SEASPINE HOLDINGS CORP / SPNE FAQ

What is the technical rating for SPNE stock?

ChartMill assigns a technical rating of 8 / 10 to SPNE.


What is the trend direction for SPNE stock?

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.


Can you provide the short term momentum for SEASPINE HOLDINGS CORP?

The short term momentum for SEASPINE HOLDINGS CORP (SPNE) is positive.


Can you provide the buy/sell signal for SEASPINE HOLDINGS CORP?

The buy/sell signal for SEASPINE HOLDINGS CORP (SPNE) is buy as both the short term and long term trends are positive.