SPECTRUM PHARMACEUTICALS INC (SPPI)       0.4226  -0.02 (-5.03%)

0.4226  -0.02 (-5.03%)

US84763A1088 - Common Stock - After market: 0.424 +0 (+0.33%)

Technical Rating

0

Taking everything into account, SPPI scores 0 out of 10 in our technical rating. SPPI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



SPPI has an average volume of 2055940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SPPI has a been trading in the 0.38 - 0.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, SPPI is a bad performer in the overall market: 95% of all stocks are doing better.
SPPI is one of the lesser performing stocks in the Biotechnology industry. 82% of 636 stocks in the same industry do better.
SPPI is currently trading near the lower end of its 52 week range, which is not a good sign. SPPI is lagging the S&P500 Index which is trading in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months -8.59% -67.37% -48.54% -70.24% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 5.72 0.36 - 1.62
SPPI Weekly chart
SPPI Daily chart

Support/Resistance Analysis


0.37

0.51
When analyzing the support we can see 2 important areas.
  • Support @0.41 from a horizontal line in the daily time frame.
  • Support @0.37 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
  • A resistance zone ranging from 0.45 to 0.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @0.47 from a horizontal line in the daily time frame.
  • Resistance @0.48 from a horizontal line in the weekly time frame.
  • Resistance @0.50 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

4

SPPI has a poor technical rating and the quality of the setup is also not perfect at the moment. We see reduced volatility while prices have been consolidating in the most recent period.


SPPI Daily chart

SPECTRUM PHARMACEUTICALS INC0.4226

NASDAQ:SPPI (12/9/2022, 7:09:57 PM)-0.02 (-5.03%)

After market: 0.424 +0 (+0.33%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Biotechnology
Performance
Today -5.03% 1 Week -10.09%
2 Weeks -8.65% 1 Month -8.59%
3 Month -67.37% 6 Month -48.54%
Volatility
ATR(14) 0.03 ATR(20)% 8.46%
ATR Inc -38.77% Range Today 0.03
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 5.72 Mansfield -4.72
10 Day High 0.49 10 Day Low 0.42
20 Day High 0.52 20 Day Low 0.38
52 Week High 1.62 52 Week Low 0.36
CS1 End 0.41 CR1 Start 0.45
Volume & EV
DER(3) -4.95% DER(5) -7.34%
Volume 960.40K Volume Incr -37.8%
Vol(5) 1.04M Vol(50) 2.06M

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