SPERO THERAPEUTICS INC (SPRO) Stock Technical Analysis
NASDAQ:SPRO - Nasdaq - US84833T1034 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to SPRO. Both in the recent history as in the last year, SPRO has proven to be a steady performer, scoring decent points in every aspect analyzed.
In the last month SPRO has a been trading in the 2.61 - 3.22 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.
The long and short term trends are both positive. This is looking good!
SPRO is part of the Biotechnology industry. There are 558 other stocks in this industry. SPRO outperforms 97% of them.
SPRO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SPRO is lagging the market slightly.
SPRO has an average volume of 5361450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SPRO is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Considerably lower volume is observed in the last couple of days.
Although SPRO has an excellent technical rating, it does not offer a high 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
2.61
3.06
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.02 to 3.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for SPRO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPRO is up. |
| ChartMill Relative Strength | 98.38 | POSITIVE | SPRO has a high relative strength, it outperformed 98.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPRO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPRO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.75 | NEUTRAL | The RSI value for SPRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests SPRO has a negative trend. |
| Stochastics (14,3) | 9.47 | OVERSOLD | The low Stochastics value suggests SPRO may be oversold. |
| Average True Range in percent/ATR (20) | 5.15 | HIGH VOLATILITY | The high ATR as a percentage value for SPRO suggests high volalility. |
| Average Directional Index/ADX (14) | 63.96 | POSITIVE | The high ADX value value for SPRO 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)
2.64
-0.17 (-6.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-6.05%
1 Week-8.97%
2 Weeks-10.2%
1 Month-8.65%
3 Month250.04%
6 Month190.11%
12 Month88.57%
2 Year61.96%
3 Year260.56%
5 Year-77.44%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%5.15%
ATR Inc39.96%
Range Today0.23
ADR(20)0.13
ADR(20)%5.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.38
Mansfield9.11
10 Day High3.22
10 Day Low2.61
20 Day High3.22
20 Day Low2.61
52 Week High3.22
52 Week Low0.51
CS1 EndN/A
CR1 Start3.02
Volume & EV
DER(3)-16.75%
DER(5)-5.6%
Volume914.20K
Volume Incr-22.91%
Vol(5)1.22M
Vol(50)5.36M