SPX TECHNOLOGIES INC (SPXC) Stock Technical Analysis
NYSE:SPXC • US78473E1038
We assign a technical rating of 10 out of 10 to SPXC. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, SPXC did better than 89% of all other stocks. On top of that, SPXC also shows a nice and consistent pattern of rising prices.
- SPXC is one of the better performing stocks in the Machinery industry, it outperforms 80% of 130 stocks in the same industry.
- SPXC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SPXC has a been trading in the 207.53 - 246.68 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, SPXC also presents a decent setup pattern. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
126.80
When analyzing the support we can see 3 important areas.
- A support zone ranging from 206.16 to 209.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @199.31 from a horizontal line in the daily time frame.
- Support @128.08 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 243.05 to 243.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 89.05 | POSITIVE | SPXC has a high relative strength, it outperformed 89.05% 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) | 68.96 | NEUTRAL | The RSI value for SPXC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.31 | POSITIVE | The MACD value suggests SPXC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.21 | OVERBOUGHT | The high Stochastics value suggests SPXC may be overbought. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for SPXC suggests some volalility. |
| Average Directional Index/ADX (14) | 27.03 | POSITIVE | The high ADX value value for SPXC suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 243.06 | 222.34 | 20.72 (8.52%) | 11.73% |
| An entry @243.06. This is a Buy Stop order right above the resistance zone. | An exit @222.34. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 20.72 points, which is 8.52%. | When investing 11.73% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
243.04
+5.86 (+2.47%)
SPX TECHNOLOGIES INC / SPXC FAQ
What is the technical rating for SPXC stock?
ChartMill assigns a technical rating of 10 / 10 to SPXC.
What is the trend direction for SPXC stock?
The current trend direction for SPX TECHNOLOGIES INC (SPXC) is Bullish.
What is the RSI signal for SPX TECHNOLOGIES INC (SPXC) stock?
SPX TECHNOLOGIES INC (SPXC) has an RSI value of 68.9618. This indicates that the stock is currently neutral.
What is the MACD signal for SPXC stock?
The MACD indicator for SPX TECHNOLOGIES INC (SPXC) has a value of 1.30931, indicating a bullish trend.
Can you provide the short term momentum for SPX TECHNOLOGIES INC?
The short term momentum for SPX TECHNOLOGIES INC (SPXC) is positive.