SPX TECHNOLOGIES INC (SPXC) Stock Technical Analysis
NYSE:SPXC - New York Stock Exchange, Inc. - US78473E1038 - Common Stock - Currency: USD
Taking everything into account, SPXC scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SPXC is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
SPXC is one of the better performing stocks in the Machinery industry, it outperforms 84% of 127 stocks in the same industry.
A new 52 week high is currently being made by SPXC, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so SPXC is leading the market.
In the last month SPXC has a been trading in the 168.73 - 198.75 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, SPXC did better than 89% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SPXC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
123.18
198.32
When analyzing the support we can see 4 important areas.
- A support zone ranging from 172.11 to 176.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @161.91 from a trend line in the daily time frame.
- Support @132.25 from a trend line in the weekly time frame.
- Support @124.42 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 | UP | POSITIVE | The long term trend for SPXC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPXC is up. |
| ChartMill Relative Strength | 89.47 | POSITIVE | SPXC has a high relative strength, it outperformed 89.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPXC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPXC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPXC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 80.04 | OVERBOUGHT | The high RSI value suggests SPXC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.94 | POSITIVE | The MACD value suggests SPXC has a positive trend. |
| Stochastics (14,3) | 92.67 | OVERBOUGHT | The high Stochastics value suggests SPXC may be overbought. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for SPXC suggests some volalility. |
| Average Directional Index/ADX (14) | 27.7 | POSITIVE | The high ADX value value for SPXC suggests a strong 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)
196.36
+13.97 (+7.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg7.66%
1 Week8.59%
2 Weeks10.41%
1 Month13.48%
3 Month35.67%
6 Month32.21%
12 Month35.75%
2 Year148.49%
3 Year244.13%
5 Year369.42%
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.31
ATR(20)%2.44%
ATR Inc118.05%
Range Today16.21
ADR(20)4.71
ADR(20)%2.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.47
Mansfield2.01
10 Day High198.75
10 Day Low171.31
20 Day High198.75
20 Day Low168.73
52 Week High198.75
52 Week Low115
CS1 End176.88
CR1 StartN/A
Volume & EV
DER(3)-0.5%
DER(5)-0.74%
Volume739.70K
Volume Incr50.42%
Vol(5)412.16K
Vol(50)252.84K