SPEAR ALPHA ETF (SPRX) Stock Technical Analysis
USA - NASDAQ:SPRX - US53656F3837 - ETF
39.18 USD
+0.65 (+1.69%)
39 USD
-0.18 (-0.46%)
Taking everything into account, SPRX scores 10 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, SPRX is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that SPRX is one of the better performing stocks in the market, outperforming 91% of all stocks.
SPRX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
SPRX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Besides having an excellent technical rating, SPRX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for SPRX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
34.56
39.57
We found 3 important support areas.
- A support zone ranging from 37.85 to 38.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @36.46 from a trend line in the daily time frame.
- A support zone ranging from 34.91 to 35.27. This zone is formed by a combination of multiple trend lines and important moving averages 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 SPRX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPRX is up. |
| ChartMill Relative Strength | 91.37 | POSITIVE | SPRX has a high relative strength, it outperformed 91.37% 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) | 66.55 | NEUTRAL | The RSI value for SPRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests SPRX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.57 | NEUTRAL | The Stochastics value for SPRX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for SPRX suggests some volalility. |
| Average Directional Index/ADX (14) | 31.49 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 40.33 | 37.84 | 2.49 (6.17%) | 16.20% |
| An entry @40.33. This is a Buy Stop order right above the 10 day high. | An exit @37.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.49 points, which is 6.17%. | When investing 16.20% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
39.18
+0.65 (+1.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.69%
1 Week0.86%
2 Weeks2.72%
1 Month17.88%
3 Month31.65%
6 Month125.04%
12 Month68.01%
2 Year143.51%
3 Year202.91%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.04
ATR(20)%2.55%
ATR Inc-3.36%
Range Today1.17
ADR(20)0.91
ADR(20)%2.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.37
Mansfield2.8
10 Day High40.32
10 Day Low37.36
20 Day High40.32
20 Day Low33.42
52 Week High40.32
52 Week Low16.31
CS1 End38.45
CR1 StartN/A
Volume & EV
DER(3)3.48%
DER(5)3.01%
Volume86.20K
Volume Incr-14.51%
Vol(5)114.20K
Vol(50)103.19K