We assign a technical rating of 2 out of 10 to SPRY. SPRY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, SPRY is a bad performer in the overall market: 68% of all stocks are doing better.
- SPRY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month SPRY has a been trading in the 9.60 - 13.15 range, which is quite wide. It is currently trading near the lows of this range.
- SPRY has an average volume of 1693720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SPRY is part of the Biotechnology industry. There are 523 other stocks in this industry, SPRY did better than 53% of them.
SPRY has a poor technical rating and the quality of the setup is also not perfect at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
9.56
We found 2 important support areas.
- Support @9.98 from a horizontal line in the weekly time frame.
- Support @9.66 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 10.04 to 10.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.52 to 10.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.19 to 12.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.71 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for SPRY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPRY is down. |
| ChartMill Relative Strength | 32.18 | NEUTRAL | SPRY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPRY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SPRY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SPRY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.18 | NEUTRAL | The RSI value for SPRY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests SPRY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.98 | NEUTRAL | The Stochastics value for SPRY is a neutral value. |
| Average True Range in percent/ATR (20) | 7.34 | HIGH VOLATILITY | The high ATR as a percentage value for SPRY suggests high volalility. |
| Average Directional Index/ADX (14) | 15.64 | NEGATIVE | The low ADX value for SPRY suggests a weak or negative trend. |
10.03
+0.36 (+3.72%)
ARS PHARMACEUTICALS INC / SPRY FAQ
Can you provide the ChartMill technical rating for ARS PHARMACEUTICALS INC?
ChartMill assigns a technical rating of 2 / 10 to SPRY.
Can you provide the trend direction for ARS PHARMACEUTICALS INC?
The current trend direction for ARS PHARMACEUTICALS INC (SPRY) is Bearish.
Can you provide the RSI signal for ARS PHARMACEUTICALS INC?
ARS PHARMACEUTICALS INC (SPRY) has an RSI value of 45.1835. This indicates that the stock is currently neutral.
What is the buy/sell signal for ARS PHARMACEUTICALS INC (SPRY) stock?
The buy/sell signal for ARS PHARMACEUTICALS INC (SPRY) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for ARS PHARMACEUTICALS INC?
ARS PHARMACEUTICALS INC (SPRY) has a support level at 9.98 and a resistance level at 10.04. Check the full technical report for our detailed analysis of SPRY support and resistance levels.