SPEAR ALPHA ETF (SPRX) Stock Technical Analysis
NASDAQ:SPRX - US53656F3837 - ETF
35.8731 USD
+0.46 (+1.31%)
35.08 USD
-0.79 (-2.21%)
Overall SPRX gets a technical rating of 10 out of 10. 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SPRX did better than 91% of all other 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.
In the last month SPRX has a been trading in the 31.55 - 35.98 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.
Although SPRX has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
26.37
36.24
When analyzing the support we can see 3 important areas.
- A support zone ranging from 33.88 to 34.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 32.22 to 32.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.64 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 35.88 to 35.88. 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 | UP | POSITIVE | The short term trend for SPRX is up. |
| ChartMill Relative Strength | 91.73 | POSITIVE | SPRX has a high relative strength, it outperformed 91.73% 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) | 64.63 | NEUTRAL | The RSI value for SPRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests SPRX has a positive trend. |
| Stochastics (14,3) | 91.16 | OVERBOUGHT | The high Stochastics value suggests SPRX may be overbought. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for SPRX suggests some volalility. |
| Average Directional Index/ADX (14) | 18.9 | NEGATIVE | The low ADX value for SPRX suggests a weak or negative 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)
35.8731
+0.46 (+1.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.31%
1 Week7.63%
2 Weeks8.22%
1 Month3.05%
3 Month33.76%
6 Month65.77%
12 Month65.85%
2 Year104.52%
3 Year171.91%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.93
ATR(20)%2.7%
ATR Inc-18.71%
Range Today0.65
ADR(20)0.82
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
CRS91.73
Mansfield2.35
10 Day High35.89
10 Day Low32.6
20 Day High35.98
20 Day Low31.55
52 Week High35.98
52 Week Low16.31
CS1 End34.35
CR1 Start35.88
Volume & EV
DER(3)-0.17%
DER(5)-0.96%
Volume80.00K
Volume Incr-24.93%
Vol(5)78.05K
Vol(50)71.40K