SPRUCE POWER HOLDING CORP (SPRU) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SPRU - US9837FR2091 - Common Stock
Taking everything into account, SPRU scores 10 out of 10 in our technical rating. 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.
- 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 long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that SPRU is one of the better performing stocks in the market, outperforming 96% of all stocks.
- SPRU is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry. SPRU outperforms 89% of them.
- SPRU is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SPRU is lagging the market slightly.
- In the last month SPRU has a been trading in the 4.80 - 5.86 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SPRU has an excellent technical rating, but the quality of the setup is 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
4.15
3 important support areas can be observed.
- A support zone ranging from 5.03 to 5.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.90 to 4.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.19 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 | 96.98 | POSITIVE | SPRU has a high relative strength, it outperformed 96.98% 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) | 64.72 | NEUTRAL | The RSI value for SPRU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SPRU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.31 | NEUTRAL | The Stochastics value for SPRU is a neutral value. |
| Average True Range in percent/ATR (20) | 5.44 | HIGH VOLATILITY | The high ATR as a percentage value for SPRU suggests high volalility. |
| Average Directional Index/ADX (14) | 33.41 | POSITIVE | The high ADX value value for SPRU suggests a strong trend. |
5.61
+0.49 (+9.57%)
SPRUCE POWER HOLDING CORP / SPRU FAQ
Can you provide the ChartMill technical rating for SPRUCE POWER HOLDING CORP?
ChartMill assigns a technical rating of 10 / 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 64.723. 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 -0.00587151, 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 buy as both the short term and long term trends are positive.