SPRC Technical Analysis - SCISPARC LTD

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to SPRC. In the past year, SPRC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

93% of all other stocks performed better in the past year than SPRC.

SPRC is one of the lesser performing stocks in the Pharmaceuticals industry. 74% of 196 stocks in the same industry do better.

SPRC 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.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

SPRC has an average volume of 3229630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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.

In the last month SPRC has a been trading in the 1.75 - 6.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of SPRC 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.19

8.48

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 4.77 to 4.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @6.77 from a trend line in the daily time frame.
Resistance @8.40 from a horizontal line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for SPRC is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SPRC is up.
ChartMill Relative Strength	7.39	NEGATIVE	SPRC has a low relative strength, it was outperformed by 92.61% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SPRC is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SPRC is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SPRC is below a declining SMA(200).
Relative Strength Index/RSI (14)	56.46	NEUTRAL	The RSI value for SPRC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.39	POSITIVE	The MACD value suggests SPRC has a positive trend, although the MACD value is declining.
Stochastics (14,3)	55.82	NEUTRAL	The Stochastics value for SPRC is a neutral value.
Average True Range in percent/ATR (20)	16.29	HIGH VOLATILITY	The high ATR as a percentage value for SPRC suggests high volalility.
Average Directional Index/ADX (14)	41.1	POSITIVE	The high ADX value value for SPRC suggests a strong trend.