SPROUT SOCIAL INC - CLASS A (SPT) Stock Technical Analysis
NASDAQ:SPT • US85209W1099
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: 95% of all stocks are doing better.
- SPT is one of the lesser performing stocks in the Software industry. 77% of 276 stocks in the same industry do better.
- SPT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month SPT has a been trading in the 6.51 - 10.04 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- SPT has an average volume of 1328370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of SPT is bad and it also does not present a quality setup 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
7.17
3 important resistance areas can be observed.
- Resistance @8.53 from a trend line in the daily time frame.
- Resistance @8.84 from a trend line in the daily time frame.
- Resistance @11.40 from a horizontal 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 SPT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPT is down. |
| ChartMill Relative Strength | 5.12 | NEGATIVE | SPT has a low relative strength, it was outperformed by 94.88% 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 | NEGATIVE | The current price of SPT is below 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) | 32.67 | NEUTRAL | The RSI value for SPT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests SPT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.25 | NEUTRAL | The Stochastics value for SPT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.32 | HIGH VOLATILITY | The high ATR as a percentage value for SPT suggests high volalility. |
| Average Directional Index/ADX (14) | 42.15 | POSITIVE | The high ADX value value for SPT suggests a strong trend. |
7.24
+0.25 (+3.58%)
SPROUT SOCIAL INC - CLASS A / SPT FAQ
Can you provide the ChartMill technical rating for SPROUT SOCIAL INC - CLASS A?
ChartMill assigns a technical rating of 0 / 10 to SPT.
Can you provide the trend direction for SPROUT SOCIAL INC - CLASS A?
The current trend direction for SPROUT SOCIAL INC - CLASS A (SPT) is Bearish.
What is the RSI signal for SPT stock?
SPROUT SOCIAL INC - CLASS A (SPT) has an RSI value of 32.6727. This indicates that the stock is currently neutral.
What is the MACD signal for SPT stock?
The MACD indicator for SPROUT SOCIAL INC - CLASS A (SPT) has a value of -0.0795438, indicating a bearish trend.
What is the support and resistance level for SPT stock?
SPROUT SOCIAL INC - CLASS A (SPT) has a resistance level at 8.53. Check the full technical report for our detailed analysis of SPT support and resistance levels.