SPROUT SOCIAL INC - CLASS A (SPT) Stock Technical Analysis
NASDAQ:SPT - Nasdaq - US85209W1099 - Common Stock - Currency: USD
Overall SPT gets a technical rating of 1 out of 10. SPT 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, SPT is a bad performer in the overall market: 90% of all stocks are doing better.
SPT is part of the Software industry. There are 284 other stocks in this industry, of which 77% are performing better than SPT.
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.
SPT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
SPT 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 support zone below the current price at 19.83, a Stop Loss order could be placed below this zone.
More info and screens
18.69
28.80
When analyzing the support we can see 3 important areas.
- A support zone ranging from 19.64 to 19.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.20 from a horizontal line in the daily time frame.
- Support @18.88 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 20.82 to 21.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @22.46 from a horizontal line in the daily time frame.
- Resistance @23.68 from a trend line in the daily time frame.
- Resistance @28.51 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 | 10.4 | NEGATIVE | SPT has a low relative strength, it was outperformed by 89.6% 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) | UP | MIXED | The current price of SPT is below the rising 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) | 42.21 | NEUTRAL | The RSI value for SPT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests SPT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.07 | NEUTRAL | The Stochastics value for SPT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for SPT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.73 | 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)
20.35
+0.03 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.15%
1 Week3.14%
2 Weeks-2.12%
1 Month-5.66%
3 Month-9.64%
6 Month-35.21%
12 Month-42.97%
2 Year-55.91%
3 Year-64.96%
5 Year-24.63%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%3.61%
ATR Inc-20.05%
Range Today0.49
ADR(20)0.72
ADR(20)%3.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.4
Mansfield-3.23
10 Day High20.78
10 Day Low19.32
20 Day High22.59
20 Day Low19.32
52 Week High39.74
52 Week Low18.52
CS1 End19.83
CR1 Start20.82
Volume & EV
DER(3)-0.07%
DER(5)0.42%
Volume1.05M
Volume Incr0.25%
Vol(5)672.16K
Vol(50)703.98K