SPTN Technical Analysis - SPARTANNASH CO

Technical Rating and Analysis

Overall SPTN gets a technical rating of 7 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SPTN is showing a nice and steady performance.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

SPTN is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 92% of 39 stocks in the same industry.

A new 52 week high is currently being made by SPTN, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

Looking at the yearly performance, SPTN did better than 88% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

In the last month SPTN has a been trading in a tight range between 26.14 and 27.07.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SPARTANNASH CO / SPTN Weekly stock chart

Setup Rating and Analysis

Although SPTN has an excellent technical rating, it does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

17.26

27.18

We found 2 important support areas.

A support zone ranging from 26.29 to 26.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 17.43 to 17.43. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 26.91 to 26.91. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for SPTN is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SPTN is neutral.
ChartMill Relative Strength	88.98	POSITIVE	SPTN has a high relative strength, it outperformed 88.98% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SPTN is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SPTN is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of SPTN is above the rising SMA(200).
Relative Strength Index/RSI (14)	63.59	NEUTRAL	The RSI value for SPTN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests SPTN has a negative trend, although the MACD value is rising.
Stochastics (14,3)	52.44	NEUTRAL	The Stochastics value for SPTN is a neutral value.
Average True Range in percent/ATR (20)	0.58	LOW VOLATILITY	The low ATR as a percentage value for SPTN suggests low volalility.
Average Directional Index/ADX (14)	42.22	POSITIVE	The high ADX value value for SPTN suggests a strong trend.