Morgan Creek Exos Spac Originated ETF (SPXZ) Stock Technical Analysis
USA - NYSEARCA:SPXZ - US53656F4660 - ETF
We assign a technical rating of 2 out of 10 to SPXZ. Recently some decent action could be observed, but in the medium term time frame this is still negative. SPXZ was also a bad performer in the overall market in the last year.
Although the technical rating is bad, SPXZ does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 11.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.99, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
9.94
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.64 to 10.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.04 to 10.11. 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 11.02 to 11.10. 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 | DOWN | NEGATIVE | The long term trend for SPXZ is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPXZ is up. |
| ChartMill Relative Strength | 28.94 | NEGATIVE | SPXZ has a low relative strength, it was outperformed by 71.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPXZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SPXZ is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SPXZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.89 | NEUTRAL | The RSI value for SPXZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SPXZ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.14 | OVERBOUGHT | The high Stochastics value suggests SPXZ may be overbought. |
| Average True Range in percent/ATR (20) | 0.92 | LOW VOLATILITY | The low ATR as a percentage value for SPXZ suggests low volalility. |
| Average Directional Index/ADX (14) | 14.62 | NEGATIVE | The low ADX value for SPXZ suggests a weak or negative trend. |
Morgan Creek Exos Spac Originated ETF
NYSEARCA:SPXZ (8/17/2022, 8:08:23 PM)
11.005
+0.01 (+0.07%)