ARS PHARMACEUTICALS INC (SPRY) Technical Analysis
NASDAQ:SPRY • US82835W1080
Current stock price
SPRY Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to SPRY. SPRY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 91% of all other stocks performed better in the past year than SPRY.
- SPRY is part of the Biotechnology industry. There are 517 other stocks in this industry, of which 74% are performing better than SPRY.
- SPRY is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SPRY is lagging the market.
- SPRY has an average volume of 1352880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month SPRY has a been trading in the 7.20 - 9.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SPRY Weekly and Daily overview Charts
SPRY Setup Rating and Analysis
SPRY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.61, a Stop Loss order could be placed below this zone.
More info and screens
SPRY Support and Resistance Analysis
7.45
When analyzing the support we notice one important area.
- A support zone ranging from 7.53 to 7.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 8.31 to 8.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.57 from a horizontal line in the daily time frame.
- Resistance @10.44 from a trend line in the daily time frame.
- Resistance @10.86 from a trend line in the weekly time frame.
SPRY Technical Indicator Signal Analysis
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 | 9.72 | NEGATIVE | SPRY has a low relative strength, it was outperformed by 90.28% off all stocks 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) | DOWN | NEGATIVE | The current price of SPRY is below a declining 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) | 46.86 | NEUTRAL | The RSI value for SPRY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests SPRY has a positive trend. |
| Stochastics (14,3) | 49.67 | NEUTRAL | The Stochastics value for SPRY is a neutral value. |
| Average True Range in percent/ATR (20) | 7.12 | HIGH VOLATILITY | The high ATR as a percentage value for SPRY suggests high volalility. |
| Average Directional Index/ADX (14) | 16.98 | NEGATIVE | The low ADX value for SPRY suggests a weak or negative trend. |
SPRY Chart- and CandleStick Pattern Analysis
SPRY Technicals: Chart, Performance Metrics, Trend & Indicators
8.3
+0.19 (+2.34%)
ARS PHARMACEUTICALS INC / SPRY TA FAQ
Can you provide the ChartMill technical rating for ARS PHARMACEUTICALS INC?
ChartMill assigns a technical rating of 0 / 10 to SPRY.
Can you provide the trend direction for ARS PHARMACEUTICALS INC?
The current trend direction for ARS PHARMACEUTICALS INC (SPRY) is Bearish.
What is the RSI signal for ARS PHARMACEUTICALS INC (SPRY) stock?
ARS PHARMACEUTICALS INC (SPRY) has an RSI value of 46.8564. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ARS PHARMACEUTICALS INC?
The short term momentum for ARS PHARMACEUTICALS INC (SPRY) is negative.
What is the buy/sell signal for SPRY stock?
The buy/sell signal for ARS PHARMACEUTICALS INC (SPRY) is sell as both the short term and long term trends are negative.