SPRUCE POWER HOLDING CORP (SPRU) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:SPRU • US9837FR2091
Overall SPRU gets a technical rating of 4 out of 10. In the last year, SPRU was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month SPRU has a been trading in the 4.50 - 6.75 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When comparing the yearly performance of all stocks, we notice that SPRU is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- SPRU is an average performer in the Independent Power and Renewable Electricity Producers industry, it outperforms 68% of 20 stocks in the same industry.
- 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.
SPRU has an average technical rating and it also does not offer a high quality setup 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
4.46
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 | DOWN | NEGATIVE | The short term trend for SPRU is down. |
| ChartMill Relative Strength | 87.46 | POSITIVE | SPRU has a high relative strength, it outperformed 87.46% 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) | 37.19 | NEUTRAL | The RSI value for SPRU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests SPRU has a negative trend. |
| Stochastics (14,3) | 6.28 | OVERSOLD | The low Stochastics value suggests SPRU may be oversold. |
| Average True Range in percent/ATR (20) | 12.57 | HIGH VOLATILITY | The high ATR as a percentage value for SPRU suggests high volalility. |
| Average Directional Index/ADX (14) | 27.94 | POSITIVE | The high ADX value value for SPRU suggests a strong trend. |
4.5
-0.18 (-3.85%)
SPRUCE POWER HOLDING CORP / SPRU FAQ
Can you provide the ChartMill technical rating for SPRUCE POWER HOLDING CORP?
ChartMill assigns a technical rating of 4 / 10 to SPRU.
What is the trend direction for 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 37.1882. 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 -0.175118, indicating a bearish trend.
Can you provide the buy/sell signal for SPRUCE POWER HOLDING CORP?
The buy/sell signal for SPRUCE POWER HOLDING CORP (SPRU) is hold as the short term and long term trends are mixed.