SPECTRUM PHARMACEUTICALS INC (SPPI) Technical Analysis

Q: What is the ChartMill technical rating of SPECTRUM PHARMACEUTICALS INC (SPPI) stock?

ChartMill assigns a technical rating of 4 / 10 to SPPI.

Q: Can you provide the RSI signal for SPECTRUM PHARMACEUTICALS INC?

SPECTRUM PHARMACEUTICALS INC (SPPI) has an RSI value of 56.7939. This indicates that the stock is currently neutral.

NASDAQ:SPPI • US84763A1088

1.03 USD

0 (0%)

At close: Jul 31, 2023

1.04 USD

+0.01 (+0.97%)

After Hours: 7/31/2023, 8:00:02 PM

SPPI Technical Rating and Analysis

Overall SPPI gets a technical rating of 4 out of 10. SPPI was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.

When comparing the yearly performance of all stocks, SPPI is a bad performer in the overall market: 62% of all stocks are doing better.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
In the last month SPPI has a been trading in the 0.93 - 1.06 range, which is quite wide. It is currently trading near the high of this range.
SPPI has an average volume of 1205650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SPPI is an average performer in the Biotechnology industry, it outperforms 42% of 517 stocks in the same industry.
SPPI 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 SPPI is lagging the market slightly.
Volume is considerably higher in the last couple of days.

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SPPI Weekly and Daily overview Charts

SPECTRUM PHARMACEUTICALS INC / SPPI Weekly stock chart

SPECTRUM PHARMACEUTICALS INC / SPPI Daily stock chart

SPPI Setup Rating and Analysis

SPPI has an average technical rating and the quality of the presented setup is also not ideal 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.

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SPPI Support and Resistance Analysis

0.81

1.34

3 important support areas can be observed.

A support zone ranging from 0.98 to 1.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 0.93 to 0.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @0.82 from a trend line in the daily time frame.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 1.03 to 1.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @1.14 from a trend line in the weekly time frame.
Resistance @1.28 from a trend line in the weekly time frame.
Resistance @1.33 from a horizontal line in the weekly time frame.

More info and screens

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SPPI 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 SPPI is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SPPI is neutral.
ChartMill Relative Strength	38.7	NEUTRAL	SPPI is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SPPI is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SPPI is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of SPPI is above the rising SMA(200).
Relative Strength Index/RSI (14)	56.79	NEUTRAL	The RSI value for SPPI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests SPPI has a positive trend.
Stochastics (14,3)	69.05	NEUTRAL	The Stochastics value for SPPI is a neutral value.
Average True Range in percent/ATR (20)	3.75	MEDIUM VOLATILITY	The ATR as a percentage value for SPPI suggests some volalility.
Average Directional Index/ADX (14)	18.78	NEGATIVE	The low ADX value for SPPI suggests a weak or negative trend.

SPPI 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)

More info

Bullish Engulfing Bearish Engulfing Bullish Harami Bullish Hammer Gravestone Doji Dragonfly Doji Shooting Star Dark Cloud Cover Bull Flags Ascending Triangle Descending Triangle Symmetrical Triangle Rising Wedge Falling Wedge Double Bottom Ascending Channel Descending Channel Double Top Squeeze Plays

SPPI Technicals: Chart, Performance Metrics, Trend & Indicators

SPECTRUM PHARMACEUTICALS INC

NASDAQ:SPPI (7/31/2023, 8:00:02 PM)

After market: 1.04 +0.01 (+0.97%)

1.03

0 (0%)

Chartmill TA Rating

Chartmill Setup Rating

Sector

GICS SectorHealth Care

GICS IndustryBiotechnology

Performance

% Chg0%

1 Week0%

2 Weeks6.03%

1 Month7.29%

3 Month-5.5%

6 Month27.16%

12 Month-2.83%

2 YearN/A

3 YearN/A

5 YearN/A

10 YearN/A

15 YearN/A

Volatility

ATR(14)0.04

ATR(20)%3.75%

ATR Inc110.29%

Range Today0.09

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

CRS38.7

3 months CRSN/A

6 months CRSN/A

Mansfield1.61

10 Day High1.06

10 Day Low0.96

20 Day High1.06

20 Day Low0.93

52 Week High1.57

52 Week Low0.32

CS1 End1

CR1 Start1.03

Volume & EV

DER(3)1.76%

DER(5)4.94%

Volume5.93M

Volume Incr260.26%

Vol(5)2.81M

Vol(50)1.21M

SPECTRUM PHARMACEUTICALS INC / SPPI TA FAQ

What is the ChartMill technical rating of SPECTRUM PHARMACEUTICALS INC (SPPI) stock?

ChartMill assigns a technical rating of 4 / 10 to SPPI.

What is the trend direction for SPPI stock?

The current trend direction for SPECTRUM PHARMACEUTICALS INC (SPPI) is Bullish.

Can you provide the RSI signal for SPECTRUM PHARMACEUTICALS INC?

SPECTRUM PHARMACEUTICALS INC (SPPI) has an RSI value of 56.7939. This indicates that the stock is currently neutral.

Can you provide the short term momentum for SPECTRUM PHARMACEUTICALS INC?

The short term momentum for SPECTRUM PHARMACEUTICALS INC (SPPI) is neutral.