SPRUCE POWER HOLDING CORP (SPRU) Stock Technical Analysis
USA - NYSE:SPRU - US9837FR2091 - Common Stock
2.64 USD
+0.19 (+7.76%)
2.73 USD
+0.09 (+3.41%)
Taking everything into account, SPRU scores 8 out of 10 in our technical rating. In the last year, SPRU was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month SPRU has a been trading in the 1.47 - 2.74 range, which is quite wide. It is currently trading near the high of this range.
SPRU has an average volume of 1686890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SPRU is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this relatively good performance is mostly due to a recent big move.
SPRU is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry, SPRU did better than 42% of them.
SPRU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SPRU is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SPRU has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.66
2.67
When analyzing the support we notice one important area.
- Support @1.68 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 | NEUTRAL | NEUTRAL | The long term trend for SPRU is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPRU is up. |
| ChartMill Relative Strength | 80.42 | POSITIVE | SPRU has a high relative strength, it outperformed 80.42% 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) | DOWN | MIXED | The current price of SPRU is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 81.75 | OVERBOUGHT | The high RSI value suggests SPRU may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests SPRU has a positive trend. |
| Stochastics (14,3) | 81.11 | OVERBOUGHT | The high Stochastics value suggests SPRU may be overbought. |
| Average True Range in percent/ATR (20) | 6.24 | HIGH VOLATILITY | The high ATR as a percentage value for SPRU suggests high volalility. |
| Average Directional Index/ADX (14) | 38.92 | POSITIVE | The high ADX value value for SPRU 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)
2.64
+0.19 (+7.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg7.76%
1 Week45.86%
2 Weeks44.26%
1 Month69.23%
3 Month46.67%
6 Month39.68%
12 Month-7.04%
2 Year-29.03%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%6.24%
ATR Inc35.85%
Range Today0.32
ADR(20)0.16
ADR(20)%6.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.42
Mansfield0.68
10 Day High2.74
10 Day Low1.54
20 Day High2.74
20 Day Low1.47
52 Week High3.25
52 Week Low1.13
CS1 End1.68
CR1 StartN/A
Volume & EV
DER(3)9.56%
DER(5)8.98%
Volume106.90K
Volume Incr297.16%
Vol(5)348.82K
Vol(50)1.69M