SPRUCE POWER HOLDING CORP (SPRU) Stock Technical Analysis
USA - NYSE:SPRU - US9837FR2091 - Common Stock
Taking everything into account, SPRU scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SPRU is showing a nice and steady performance.
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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.91
We found 2 important support areas.
- A support zone ranging from 2.60 to 2.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.93 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.91 to 2.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.01 to 3.03. This zone is formed by a combination of multiple trend lines 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 | 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 | 94.32 | POSITIVE | SPRU has a high relative strength, it outperformed 94.32% 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) | UP | POSITIVE | The current price of SPRU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SPRU is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.42 | NEUTRAL | The RSI value for SPRU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests SPRU has a negative trend. |
| Stochastics (14,3) | 41.78 | NEUTRAL | The Stochastics value for SPRU is a neutral value. |
| Average True Range in percent/ATR (20) | 9.58 | HIGH VOLATILITY | The high ATR as a percentage value for SPRU suggests high volalility. |
| Average Directional Index/ADX (14) | 40.74 | POSITIVE | The high ADX value value for SPRU suggests a strong trend. |
2.8
-0.1 (-3.45%)
SPRUCE POWER HOLDING CORP / SPRU FAQ
Can you provide the ChartMill technical rating for SPRUCE POWER HOLDING CORP?
ChartMill assigns a technical rating of 8 / 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 54.4246. 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 2.6 and a resistance level at 2.91. Check the full technical report for our detailed analysis of SPRU support and resistance levels.