SPRC Technical Analysis - SCISPARC LTD

Technical Rating and Analysis

Taking everything into account, SPRC scores 0 out of 10 in our technical rating. SPRC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

94% of all other stocks performed better in the past year than SPRC.

SPRC is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, of which 77% are performing better than SPRC.

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.

In the last month SPRC has a been trading in the 3.23 - 8.90 range, which is quite wide. It is currently trading near the lows of this range.

SPRC has an average volume of 5967190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

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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

SPRC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.41

8.48

When analyzing the support we can see 2 important areas.

Support @3.65 from a trend line in the daily time frame.
Support @3.44 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

Resistance @6.18 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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What is Support and Resistance

Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The short term trend for SPRC is neutral.
ChartMill Relative Strength	6.22	NEGATIVE	SPRC has a low relative strength, it was outperformed by 93.78% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SPRC is below a declining 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)	47.02	NEUTRAL	The RSI value for SPRC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.12	NEGATIVE	The MACD value suggests SPRC has a negative trend, although the MACD value is rising.
Stochastics (14,3)	20.24	NEUTRAL	The Stochastics value for SPRC is a neutral value.
Average True Range in percent/ATR (20)	25.27	HIGH VOLATILITY	The high ATR as a percentage value for SPRC suggests high volalility.
Average Directional Index/ADX (14)	39.03	POSITIVE	The high ADX value value for SPRC suggests a strong trend.