SPRUCE POWER HOLDING CORP (SPRU) Technical Analysis
NYSE:SPRU • US9837FR2091
Current stock price
SPRU Technical Rating and Analysis
Overall SPRU gets a technical rating of 2 out of 10. Although SPRU 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.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Looking at the yearly performance, SPRU did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- SPRU is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry, SPRU did better than 52% of them.
- SPRU 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 SPRU is lagging the market slightly.
- In the last month SPRU has a been trading in the 3.36 - 4.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SPRU Weekly and Daily overview Charts
SPRU Setup Rating and Analysis
SPRU has a poor technical rating and the quality of the setup is also only medium 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
SPRU Support and Resistance Analysis
3.42
We found 2 important support areas.
- Support @3.56 from a trend line in the daily time frame.
- A support zone ranging from 3.45 to 3.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @4.21 from a horizontal line in the daily time frame.
SPRU 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 | NEUTRAL | NEUTRAL | The long term trend for SPRU is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPRU is down. |
| ChartMill Relative Strength | 80.15 | POSITIVE | SPRU has a high relative strength, it outperformed 80.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPRU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SPRU is below a declining 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) | 41.28 | NEUTRAL | The RSI value for SPRU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests SPRU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.02 | NEUTRAL | The Stochastics value for SPRU is a neutral value. |
| Average True Range in percent/ATR (20) | 7.55 | HIGH VOLATILITY | The high ATR as a percentage value for SPRU suggests high volalility. |
| Average Directional Index/ADX (14) | 17.45 | NEGATIVE | The low ADX value for SPRU suggests a weak or negative trend. |
SPRU Chart- and CandleStick Pattern Analysis
SPRU Technicals: Chart, Performance Metrics, Trend & Indicators
3.86
-0.23 (-5.62%)
SPRUCE POWER HOLDING CORP / SPRU TA FAQ
Can you provide the ChartMill technical rating for SPRUCE POWER HOLDING CORP?
ChartMill assigns a technical rating of 2 / 10 to SPRU.
What is the trend direction for SPRU stock?
The current trend direction for SPRUCE POWER HOLDING CORP (SPRU) is Bearish.
What is the RSI signal for SPRUCE POWER HOLDING CORP (SPRU) stock?
SPRUCE POWER HOLDING CORP (SPRU) has an RSI value of 41.2808. This indicates that the stock is currently neutral.
What is the MACD signal for SPRUCE POWER HOLDING CORP (SPRU) stock?
The MACD indicator for SPRUCE POWER HOLDING CORP (SPRU) has a value of 0.0657706, indicating a bearish trend.