SPEAR ALPHA ETF (SPRX) Stock Technical Analysis
NASDAQ:SPRX - Nasdaq - US53656F3837 - ETF - Currency: USD
Taking everything into account, SPRX scores 8 out of 10 in our technical rating. In the last year, SPRX was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
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 25.29 - 28.10 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that SPRX is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
SPRX 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
17.47
28.35
We found 2 important support areas.
- A support zone ranging from 26.64 to 27.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.65 from a trend line in the weekly 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 SPRX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPRX is up. |
| ChartMill Relative Strength | 88.49 | POSITIVE | SPRX has a high relative strength, it outperformed 88.49% 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) | 65.47 | NEUTRAL | The RSI value for SPRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests SPRX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 89.98 | OVERBOUGHT | The high Stochastics value suggests SPRX may be overbought. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for SPRX suggests some volalility. |
| Average Directional Index/ADX (14) | 20.96 | NEUTRAL | The ADX value for SPRX suggests a possible start of a new 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 |
|---|---|---|---|
| 28.11 | 26.67 | 1.44 (5.14%) | 19.47% |
| An entry @28.11. This is a Buy Stop order right above the 10 day high. | An exit @26.67. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.44 points, which is 5.14%. | For a 1.00% total portfolio risk, you can invest 19.47% of your capital in this trade. |
- 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.
NASDAQ:SPRX (6/18/2025, 8:00:02 PM)
28.07
+0.53 (+1.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.92%
1 Week2.52%
2 Weeks2.07%
1 Month7.71%
3 Month29.89%
6 Month2.37%
12 Month22.26%
2 Year52.8%
3 Year102.65%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%2.59%
ATR Inc-32.38%
Range Today0.54
ADR(20)0.62
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.49
Mansfield1.15
10 Day High28.1
10 Day Low26.68
20 Day High28.1
20 Day Low25.29
52 Week High30.42
52 Week Low16.31
CS1 End27.5
CR1 StartN/A
Volume & EV
DER(3)3.27%
DER(5)2.92%
Volume22.90K
Volume Incr-39.14%
Vol(5)31.06K
Vol(50)44.60K