SPROUT SOCIAL INC - CLASS A (SPT) Stock Technical Analysis
NASDAQ:SPT • US85209W1099
Taking everything into account, SPT scores 0 out of 10 in our technical rating. 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.
- 96% of all other stocks performed better in the past year than SPT.
- SPT is part of the Software industry. There are 274 other stocks in this industry, of which 78% 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 an average volume of 1345200 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
7.02
We can see 4 important resistance areas.
- A resistance zone ranging from 7.28 to 7.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @8.36 from a trend line in the daily time frame.
- Resistance @8.70 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 | 4.89 | NEGATIVE | SPT has a low relative strength, it was outperformed by 95.11% 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) | 31.59 | NEUTRAL | The RSI value for SPT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SPT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.8 | NEUTRAL | The Stochastics value for SPT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.42 | HIGH VOLATILITY | The high ATR as a percentage value for SPT suggests high volalility. |
| Average Directional Index/ADX (14) | 43.24 | POSITIVE | The high ADX value value for SPT suggests a strong trend. |
7.09
-0.18 (-2.48%)
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 31.5939. 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 -0.0237125, 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 7.28. Check the full technical report for our detailed analysis of SPT support and resistance levels.