SPRUCE BIOSCIENCES INC (SPRB) Technical Analysis
NASDAQ:SPRB • US85209E2081
Current stock price
SPRB Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to SPRB. Although SPRB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- SPRB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month SPRB has a been trading in the 51.36 - 74.00 range, which is quite wide. It is currently trading near the lows of this range.
- SPRB is part of the Biotechnology industry. There are 516 other stocks in this industry. SPRB outperforms 100% of them.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- Looking at the yearly performance, SPRB did better than 100% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
SPRB Weekly and Daily overview Charts
SPRB Setup Rating and Analysis
The technical rating of SPRB 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
SPRB Support and Resistance Analysis
49.21
2 important support areas can be observed.
- Support @54.42 from a trend line in the daily time frame.
- A support zone ranging from 49.71 to 49.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 57.29 to 57.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 60.67 to 61.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @65.10 from a trend line in the daily time frame.
- Resistance @69.97 from a horizontal line in the daily time frame.
SPRB 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 | NEUTRAL | NEUTRAL | The long term trend for SPRB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPRB is down. |
| ChartMill Relative Strength | 100 | POSITIVE | SPRB has a high relative strength, it outperformed 100% 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) | UP | MIXED | The current price of SPRB is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SPRB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.19 | NEUTRAL | The RSI value for SPRB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.59 | NEGATIVE | The MACD value suggests SPRB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.62 | NEUTRAL | The Stochastics value for SPRB is a neutral value. |
| Average True Range in percent/ATR (20) | 9.48 | HIGH VOLATILITY | The high ATR as a percentage value for SPRB suggests high volalility. |
| Average Directional Index/ADX (14) | 15.52 | NEGATIVE | The low ADX value for SPRB suggests a weak or negative trend. |
SPRB Chart- and CandleStick Pattern Analysis
SPRB Technicals: Chart, Performance Metrics, Trend & Indicators
57.28
-0.04 (-0.07%)
SPRUCE BIOSCIENCES INC / SPRB TA FAQ
Can you provide the ChartMill technical rating for SPRUCE BIOSCIENCES INC?
ChartMill assigns a technical rating of 3 / 10 to SPRB.
Can you provide the trend direction for SPRUCE BIOSCIENCES INC?
The current trend direction for SPRUCE BIOSCIENCES INC (SPRB) is Bearish.
What is the RSI signal for SPRUCE BIOSCIENCES INC (SPRB) stock?
SPRUCE BIOSCIENCES INC (SPRB) has an RSI value of 45.1909. This indicates that the stock is currently neutral.
What is the MACD signal for SPRB stock?
The MACD indicator for SPRUCE BIOSCIENCES INC (SPRB) has a value of -0.593419, indicating a bearish trend.
What is the support and resistance level for SPRB stock?
SPRUCE BIOSCIENCES INC (SPRB) has a support level at 54.42 and a resistance level at 57.29. Check the full technical report for our detailed analysis of SPRB support and resistance levels.