SPERO THERAPEUTICS INC (SPRO) Stock Technical Analysis
USA - NASDAQ:SPRO - US84833T1034 - Common Stock
Overall SPRO gets a technical rating of 7 out of 10. In the last year, SPRO was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although SPRO has an excellent technical rating, it does not present a decent entry opportunity 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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1.81
4 important support areas can be observed.
- Support @2.31 from a trend line in the daily time frame.
- A support zone ranging from 2.19 to 2.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.94 from a trend line in the daily time frame.
- Support @1.83 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.46 to 2.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.67 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 | NEUTRAL | NEUTRAL | The short term trend for SPRO is neutral. |
| ChartMill Relative Strength | 94.79 | POSITIVE | SPRO has a high relative strength, it outperformed 94.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPRO is above the rising 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) | 52.58 | NEUTRAL | The RSI value for SPRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SPRO has a negative trend. |
| Stochastics (14,3) | 51.86 | NEUTRAL | The Stochastics value for SPRO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.63 | HIGH VOLATILITY | The high ATR as a percentage value for SPRO suggests high volalility. |
| Average Directional Index/ADX (14) | 31.68 | POSITIVE | The high ADX value value for SPRO suggests a strong trend. |
2.41
-0.03 (-1.23%)
SPERO THERAPEUTICS INC / SPRO FAQ
What is the ChartMill technical rating of SPERO THERAPEUTICS INC (SPRO) stock?
ChartMill assigns a technical rating of 7 / 10 to SPRO.
What is the current trend direction of SPERO THERAPEUTICS INC (SPRO) stock?
The current trend direction for SPERO THERAPEUTICS INC (SPRO) is Bullish.
What is the RSI signal for SPRO stock?
SPERO THERAPEUTICS INC (SPRO) has an RSI value of 52.5805. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SPERO THERAPEUTICS INC?
The MACD indicator for SPERO THERAPEUTICS INC (SPRO) has a value of -0.00055842, indicating a bearish trend.
What are the support and resistance levels for SPERO THERAPEUTICS INC (SPRO) stock?
SPERO THERAPEUTICS INC (SPRO) has a support level at 2.31 and a resistance level at 2.46. Check the full technical report for our detailed analysis of SPRO support and resistance levels.