SIMPPLE LTD (SPPL) Stock Technical Analysis
NASDAQ:SPPL - Nasdaq - KYG8192U1159 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to SPPL. Recently some decent action could be observed, but in the medium term time frame this is still negative. SPPL was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, SPPL is a bad performer in the overall market: 84% of all stocks are doing better.
SPPL is part of the Trading Companies & Distributors industry. There are 48 other stocks in this industry, of which 85% are performing better than SPPL.
SPPL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Warning: SPPL has an average volume of 19292 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month SPPL has a been trading in the 2.56 - 3.67 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.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of SPPL is bad and it also does not present a quality setup 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.
More info and screens
2.53
3.49
We found 3 important support areas.
- A support zone ranging from 3.19 to 3.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.65 to 2.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.56 to 2.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @3.24 from a horizontal line in the weekly time frame.
- Resistance @3.46 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for SPPL is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPPL is up. |
| ChartMill Relative Strength | 16.36 | NEGATIVE | SPPL has a low relative strength, it was outperformed by 83.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPPL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SPPL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SPPL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.57 | NEUTRAL | The RSI value for SPPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests SPPL has a positive trend. |
| Stochastics (14,3) | 71.06 | NEUTRAL | The Stochastics value for SPPL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.02 | HIGH VOLATILITY | The high ATR as a percentage value for SPPL suggests high volalility. |
| Average Directional Index/ADX (14) | 23.84 | NEUTRAL | The ADX value for SPPL suggests a possible start of a new trend. |
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)
3.23
+0.03 (+0.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg0.94%
1 Week16.61%
2 Weeks16.19%
1 Month20.97%
3 Month-7.18%
6 Month-57.28%
12 Month-8.28%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%8.02%
ATR Inc96.65%
Range Today0.42
ADR(20)0.25
ADR(20)%7.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.36
Mansfield-3.28
10 Day High3.67
10 Day Low2.56
20 Day High3.67
20 Day Low2.56
52 Week High16.8
52 Week Low2.02
CS1 End3.22
CR1 Start3.24
Volume & EV
DER(3)6.89%
DER(5)4.36%
Volume36.00K
Volume Incr308.69%
Vol(5)53.62K
Vol(50)19.29K