SPRUCE BIOSCIENCES INC (SPRB) Stock Technical Analysis
NASDAQ:SPRB - Nasdaq - US85209E1091 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to SPRB. SPRB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
100% of all other stocks performed better in the past year than SPRB.
SPRB is one of the lesser performing stocks in the Biotechnology industry. 90% of 559 stocks in the same industry do better.
SPRB is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month SPRB has a been trading in the 0.08 - 0.32 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
SPRB has an average volume of 1547880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of SPRB is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.08
0.08
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 SPRB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPRB is down. |
| ChartMill Relative Strength | 0.66 | NEGATIVE | SPRB has a low relative strength, it was outperformed by 99.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPRB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SPRB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SPRB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 19.61 | OVERSOLD | The low RSI value suggests SPRB may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SPRB has a negative trend. |
| Stochastics (14,3) | 8.15 | OVERSOLD | The low Stochastics value suggests SPRB may be oversold. |
| Average True Range in percent/ATR (20) | 46.44 | HIGH VOLATILITY | The high ATR as a percentage value for SPRB suggests high volalility. |
| Average Directional Index/ADX (14) | 44.42 | POSITIVE | The high ADX value value for SPRB suggests a strong 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)
0.0786
-0.05 (-39.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-39.45%
1 Week-35.15%
2 Weeks-72.99%
1 Month-73.36%
3 Month-79.04%
6 Month-85.66%
12 Month-89.44%
2 Year-96.18%
3 Year-95.53%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%46.44%
ATR Inc-9.79%
Range Today0.03
ADR(20)0.03
ADR(20)%36.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.66
Mansfield-8.25
10 Day High0.32
10 Day Low0.08
20 Day High0.32
20 Day Low0.08
52 Week High0.87
52 Week Low0.08
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)1%
DER(5)-4.2%
Volume13.15M
Volume Incr101.22%
Vol(5)4.72M
Vol(50)1.55M