SPRUCE POWER HOLDING CORP (SPRU) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SPRU - US9837FR2091 - Common Stock
Taking everything into account, SPRU scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, SPRU has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although SPRU 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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2.58
3 important support areas can be observed.
- Support @4.35 from a horizontal line in the daily time frame.
- Support @3.05 from a trend line in the daily time frame.
- Support @2.61 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 SPRU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPRU is up. |
| ChartMill Relative Strength | 98.78 | POSITIVE | SPRU has a high relative strength, it outperformed 98.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPRU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPRU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPRU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.15 | NEUTRAL | The RSI value for SPRU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests SPRU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.58 | NEUTRAL | The Stochastics value for SPRU is a neutral value. |
| Average True Range in percent/ATR (20) | 12.4 | HIGH VOLATILITY | The high ATR as a percentage value for SPRU suggests high volalility. |
| Average Directional Index/ADX (14) | 40.86 | POSITIVE | The high ADX value value for SPRU suggests a strong trend. |
5.07
+0.61 (+13.68%)
SPRUCE POWER HOLDING CORP / SPRU FAQ
Can you provide the ChartMill technical rating for SPRUCE POWER HOLDING CORP?
ChartMill assigns a technical rating of 9 / 10 to SPRU.
What is the current trend direction of SPRUCE POWER HOLDING CORP (SPRU) stock?
The current trend direction for SPRUCE POWER HOLDING CORP (SPRU) is Bullish.
What is the RSI signal for SPRUCE POWER HOLDING CORP (SPRU) stock?
SPRUCE POWER HOLDING CORP (SPRU) has an RSI value of 61.1541. This indicates that the stock is currently neutral.
What is the buy/sell signal for SPRU stock?
The buy/sell signal for SPRUCE POWER HOLDING CORP (SPRU) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SPRU stock?
SPRUCE POWER HOLDING CORP (SPRU) has a support level at 4.35. Check the full technical report for our detailed analysis of SPRU support and resistance levels.