SPARQ SYSTEMS INC (SPRQ.CA) Stock Technical Analysis
TSX-V:SPRQ - TSX Venture Exchange - CA84657W1095 - Common Stock - Currency: CAD
We assign a technical rating of 4 out of 10 to SPRQ. Although SPRQ is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Looking at the yearly performance, SPRQ did better than 93% of all other stocks.
SPRQ is one of the better performing stocks in the Electrical Equipment industry, it outperforms 84% of 14 stocks in the same industry.
In the last month SPRQ has a been trading in the 0.75 - 0.95 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
SPRQ is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SPRQ is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SPRQ has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
0.69
0.94
We found 4 important support areas.
- Support @0.83 from a trend line in the weekly time frame.
- A support zone ranging from 0.80 to 0.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.74 from a trend line in the daily time frame.
- Support @0.70 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.91 to 0.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.93 to 0.93. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for SPRQ.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SPRQ.CA is neutral. |
| ChartMill Relative Strength | 93.16 | POSITIVE | SPRQ.CA has a high relative strength, it outperformed 93.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SPRQ.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SPRQ.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPRQ.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.23 | NEUTRAL | The RSI value for SPRQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SPRQ.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.36 | NEUTRAL | The Stochastics value for SPRQ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.24 | HIGH VOLATILITY | The high ATR as a percentage value for SPRQ.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 25.67 | POSITIVE | The high ADX value value for SPRQ.CA 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)
TSX-V:SPRQ (5/23/2025, 7:00:00 PM)
0.89
+0.09 (+11.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg11.25%
1 Week8.54%
2 Weeks2.3%
1 Month-1.11%
3 Month-1.11%
6 Month23.61%
12 Month122.5%
2 Year641.67%
3 Year122.5%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%6.24%
ATR Inc109.09%
Range Today0.16
ADR(20)0.05
ADR(20)%5.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.16
Mansfield1.14
10 Day High0.95
10 Day Low0.75
20 Day High0.95
20 Day Low0.75
52 Week High1.88
52 Week Low0.4
CS1 End0.83
CR1 Start0.91
Volume & EV
DER(3)-192.55%
DER(5)-131.11%
Volume122.00K
Volume Incr302.79%
Vol(5)75.01K
Vol(50)39.59K