SPRUCE POWER HOLDING CORP (SPRU) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SPRU - US9837FR2091 - Common Stock
We assign a technical rating of 9 out of 10 to SPRU. 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.
SPRU has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 5.16, a Stop Loss order could be placed below this zone.
More info and screens
3.66
3 important support areas can be observed.
- A support zone ranging from 5.07 to 5.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.95 from a horizontal line in the daily time frame.
- Support @3.70 from a trend 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 | 97.74 | POSITIVE | SPRU has a high relative strength, it outperformed 97.74% 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) | 58.28 | NEUTRAL | The RSI value for SPRU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests SPRU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.95 | NEUTRAL | The Stochastics value for SPRU is a neutral value. |
| Average True Range in percent/ATR (20) | 7.01 | HIGH VOLATILITY | The high ATR as a percentage value for SPRU suggests high volalility. |
| Average Directional Index/ADX (14) | 33.14 | POSITIVE | The high ADX value value for SPRU suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.50 | 5.06 | 0.44 (8.00%) | 12.50% |
| An entry @5.50. This is a Buy Stop order right above the 10 day high. | An exit @5.06. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.44 points, which is 8.00%. | When investing 12.50% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SPRU. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
5.27
+0.12 (+2.33%)
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 58.2787. 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 5.16. Check the full technical report for our detailed analysis of SPRU support and resistance levels.