SPROUT SOCIAL INC - CLASS A (SPT) Stock Technical Analysis
NASDAQ:SPT - Nasdaq - US85209W1099 - Common Stock - Currency: USD
Overall SPT gets a technical rating of 0 out of 10. SPT'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.
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, SPT is a bad performer in the overall market: 87% of all stocks are doing better.
SPT is part of the Software industry. There are 283 other stocks in this industry, of which 77% are performing better than SPT.
SPT 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 SPT is lagging the market.
In the last month SPT has a been trading in the 20.67 - 25.48 range, which is quite wide. It is currently trading near the lows of this range.
Although the technical rating is bad, SPT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 21.83. Right above this resistance zone may be a good entry point.
More info and screens
18.69
29.45
When analyzing the support we notice one important area.
- Support @18.88 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 21.83 to 21.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 23.90 to 24.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.49 from a horizontal line in the daily time frame.
- Resistance @29.16 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 | DOWN | NEGATIVE | The long term trend for SPT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPT is down. |
| ChartMill Relative Strength | 13.14 | NEGATIVE | SPT has a low relative strength, it was outperformed by 86.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SPT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SPT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.97 | NEUTRAL | The RSI value for SPT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SPT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.24 | NEUTRAL | The Stochastics value for SPT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.25 | MEDIUM VOLATILITY | The ATR as a percentage value for SPT suggests some volalility. |
| Average Directional Index/ADX (14) | 12.36 | NEGATIVE | The low ADX value for SPT 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)
21.72
-0.14 (-0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.64%
1 Week-0.5%
2 Weeks0.14%
1 Month-0.41%
3 Month-11.46%
6 Month-33.02%
12 Month-35.63%
2 Year-52.95%
3 Year-62.6%
5 Year-19.56%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.79
ATR(20)%4.25%
ATR Inc-17.27%
Range Today0.5
ADR(20)0.82
ADR(20)%3.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.14
Mansfield-2.84
10 Day High22.5
10 Day Low20.67
20 Day High25.48
20 Day Low20.67
52 Week High39.74
52 Week Low18.52
CS1 End18.88
CR1 Start21.83
Volume & EV
DER(3)-0.93%
DER(5)0.57%
Volume418.10K
Volume Incr-20.03%
Vol(5)654.12K
Vol(50)784.40K