SPRO Technical Analysis - SPERO THERAPEUTICS INC

Technical Rating and Analysis

Overall SPRO gets a technical rating of 8 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.

Both the short term and long term trends are positive. This is a very positive sign.

SPRO is one of the better performing stocks in the Biotechnology industry, it outperforms 77% of 536 stocks in the same industry.

Looking at the yearly performance, SPRO did better than 90% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

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.

In the last month SPRO has a been trading in the 1.84 - 2.52 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

SPERO THERAPEUTICS INC / SPRO Weekly stock chart

SPERO THERAPEUTICS INC / SPRO Daily stock chart

Setup Rating and Analysis

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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.81

2.53

When analyzing the support we can see 3 important areas.

A support zone ranging from 2.04 to 2.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @1.88 from a horizontal line in the daily time frame.
Support @1.83 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 2.34 to 2.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @2.50 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	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	90.16	POSITIVE	SPRO has a high relative strength, it outperformed 90.16% 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)	61.79	NEUTRAL	The RSI value for SPRO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests SPRO has a positive trend, although the MACD value is declining.
Stochastics (14,3)	88.22	OVERBOUGHT	The high Stochastics value suggests SPRO may be overbought.
Average True Range in percent/ATR (20)	4.72	MEDIUM VOLATILITY	The ATR as a percentage value for SPRO suggests some volalility.
Average Directional Index/ADX (14)	24.29	NEUTRAL	The ADX value for SPRO suggests a possible start of a new trend.