SPEAR ALPHA ETF (SPRX) Stock Technical Analysis
NASDAQ:SPRX - Nasdaq - US53656F3837 - ETF - Currency: USD
Overall SPRX gets a technical rating of 6 out of 10. SPRX has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
SPRX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SPRX is performing more or less in line with the market.
In the last month SPRX has a been trading in the 20.64 - 27.00 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, SPRX did better than 79% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
SPRX 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
17.38
30.38
2 important support areas can be observed.
- Support @25.45 from a horizontal line in the daily time frame.
- Support @17.56 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.67 to 30.08. 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 | NEUTRAL | NEUTRAL | The long term trend for SPRX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPRX is up. |
| ChartMill Relative Strength | 79.76 | POSITIVE | SPRX has a high relative strength, it outperformed 79.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPRX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPRX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.05 | OVERBOUGHT | The high RSI value suggests SPRX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests SPRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.86 | OVERBOUGHT | The high Stochastics value suggests SPRX may be overbought. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for SPRX suggests some volalility. |
| Average Directional Index/ADX (14) | 27.86 | POSITIVE | The high ADX value value for SPRX 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)
26.64
-0.02 (-0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.08%
1 Week2.15%
2 Weeks15.78%
1 Month24.02%
3 Month2.19%
6 Month0.8%
12 Month14.43%
2 Year51.19%
3 Year73.69%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.79
ATR(20)%2.85%
ATR Inc67.36%
Range Today0.86
ADR(20)0.61
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.76
Mansfield0.99
10 Day High27
10 Day Low24.18
20 Day High27
20 Day Low20.64
52 Week High30.42
52 Week Low16.31
CS1 End25.45
CR1 Start29.67
Volume & EV
DER(3)-7.06%
DER(5)-4.77%
Volume37.10K
Volume Incr-7%
Vol(5)45.54K
Vol(50)45.36K