Overall SPUN gets a technical rating of 0 out of 10. SPUN'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.
- 85% of all other stocks performed better in the past year than SPUN.
- SPUN is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month SPUN has a been trading in the 19.14 - 25.92 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.
- Warning: SPUN has an average volume of 2434 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
The technical rating of SPUN is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
19.49
We found 1 important support area.
- A support zone ranging from 19.69 to 19.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @25.66 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for SPUN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPUN is down. |
| ChartMill Relative Strength | 15.49 | NEGATIVE | SPUN has a low relative strength, it was outperformed by 84.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPUN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SPUN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SPUN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 9.35 | OVERSOLD | The low RSI value suggests SPUN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.71 | NEGATIVE | The MACD value suggests SPUN has a negative trend. |
| Stochastics (14,3) | 2.84 | OVERSOLD | The low Stochastics value suggests SPUN may be oversold. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for SPUN suggests some volalility. |
Market Vectors Global Spin-Off
NYSEARCA:SPUN (7/31/2018, 8:19:57 PM)
19.7
-0.16 (-0.81%)
Market Vectors Global Spin-Off / SPUN FAQ
Can you provide the ChartMill technical rating for Market Vectors Global Spin-Off?
ChartMill assigns a technical rating of 0 / 10 to SPUN.
What is the current trend direction of Market Vectors Global Spin-Off (SPUN) stock?
The current trend direction for Market Vectors Global Spin-Off (SPUN) is Bearish.
What is the RSI signal for SPUN stock?
Market Vectors Global Spin-Off (SPUN) has an RSI value of 9.34584. This indicates that the stock is currently oversold.
What is the MACD signal for Market Vectors Global Spin-Off (SPUN) stock?
The MACD indicator for Market Vectors Global Spin-Off (SPUN) has a value of -0.710784, indicating a bearish trend.
What are the support and resistance levels for Market Vectors Global Spin-Off (SPUN) stock?
Market Vectors Global Spin-Off (SPUN) has a support level at 19.69 and a resistance level at 25.66. Check the full technical report for our detailed analysis of SPUN support and resistance levels.