SPEAR ALPHA ETF (SPRX) Stock Technical Analysis
NASDAQ:SPRX • US53656F3837
Overall SPRX gets a technical rating of 5 out of 10. SPRX was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- Looking at the yearly performance, SPRX did better than 85% of all other stocks. We also observe that the gains produced by SPRX over the past year are nicely spread over this period.
- SPRX 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 SPRX is lagging the market slightly.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- In the last month SPRX has a been trading in the 36.22 - 43.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, SPRX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
34.49
2 important support areas can be observed.
- Support @37.06 from a trend line in the daily time frame.
- A support zone ranging from 34.84 to 34.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 39.46 to 41.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 43.16 to 43.74. 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 | UP | POSITIVE | The long term trend for SPRX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPRX is down. |
| ChartMill Relative Strength | 85.75 | POSITIVE | SPRX has a high relative strength, it outperformed 85.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPRX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SPRX is below a declining 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) | 46.41 | NEUTRAL | The RSI value for SPRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests SPRX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.99 | NEUTRAL | The Stochastics value for SPRX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.32 | HIGH VOLATILITY | The high ATR as a percentage value for SPRX suggests high volalility. |
| Average Directional Index/ADX (14) | 12.21 | NEGATIVE | The low ADX value for SPRX suggests a weak or negative trend. |
39.2
+0.12 (+0.3%)
SPEAR ALPHA ETF / SPRX FAQ
What is the ChartMill technical rating of SPEAR ALPHA ETF (SPRX) stock?
ChartMill assigns a technical rating of 5 / 10 to SPRX.
What is the trend direction for SPRX stock?
The current trend direction for SPEAR ALPHA ETF (SPRX) is Bullish.
What is the RSI signal for SPEAR ALPHA ETF (SPRX) stock?
SPEAR ALPHA ETF (SPRX) has an RSI value of 46.4098. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SPEAR ALPHA ETF?
The MACD indicator for SPEAR ALPHA ETF (SPRX) has a value of -0.233661, indicating a bearish trend.
Can you provide the support and resistance levels for SPEAR ALPHA ETF?
SPEAR ALPHA ETF (SPRX) has a support level at 37.06 and a resistance level at 39.46. Check the full technical report for our detailed analysis of SPRX support and resistance levels.