SPERO THERAPEUTICS INC (SPRO) Stock Technical Analysis
NASDAQ:SPRO - Nasdaq - US84833T1034 - Common Stock - Currency: USD
Overall SPRO gets a technical rating of 4 out of 10. In the last year, SPRO was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month SPRO has a been trading in the 2.11 - 2.84 range, which is quite wide. It is currently trading near the lows of this range.
SPRO is one of the better performing stocks in the Biotechnology industry, it outperforms 96% of 551 stocks in the same industry.
SPRO has an average volume of 1945890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
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 overall good ranking is mostly due to the recent strong move.
SPRO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SPRO is lagging the market.
Considerably lower volume is observed in the last couple of days.
SPRO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for SPRO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.09
3.05
When analyzing the support we notice one important area.
- Support @2.11 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.19 to 2.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.33 to 2.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.02 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for SPRO is down. |
| ChartMill Relative Strength | 98.19 | POSITIVE | SPRO has a high relative strength, it outperformed 98.19% 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) | DOWN | NEGATIVE | The current price of SPRO is below a declining 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) | 40.51 | NEUTRAL | The RSI value for SPRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SPRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.6 | NEUTRAL | The Stochastics value for SPRO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.98 | HIGH VOLATILITY | The high ATR as a percentage value for SPRO suggests high volalility. |
| Average Directional Index/ADX (14) | 20.49 | NEUTRAL | The ADX value for SPRO suggests a possible start of a new 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)
2.19
+0.02 (+0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.92%
1 Week-4.78%
2 Weeks-6.01%
1 Month-22.06%
3 Month253.23%
6 Month167.6%
12 Month71.09%
2 Year46%
3 Year171.41%
5 Year-79.85%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%5.98%
ATR Inc-22.84%
Range Today0.06
ADR(20)0.13
ADR(20)%5.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.19
Mansfield5.17
10 Day High2.44
10 Day Low2.11
20 Day High2.84
20 Day Low2.11
52 Week High3.22
52 Week Low0.51
CS1 End2.11
CR1 Start2.19
Volume & EV
DER(3)6.04%
DER(5)-0.79%
Volume402.20K
Volume Incr37.86%
Vol(5)1.10M
Vol(50)1.95M