SQUARESPACE INC - CLASS A (SQSP) Stock Technical Analysis
NYSE:SQSP - New York Stock Exchange, Inc. - US85225A1079 - Common Stock - Currency: USD
Taking everything into account, SQSP scores 10 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, SQSP is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SQSP is one of the better performing stocks in the market, outperforming 85% of all stocks. We also observe that the gains produced by SQSP over the past year are nicely spread over this period.
SQSP is one of the better performing stocks in the IT Services industry, it outperforms 71% of 82 stocks in the same industry.
SQSP is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SQSP is leading the market.
SQSP has an average volume of 1366760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SQSP has a been trading in a tight range between 46.25 and 46.69.
Volume is considerably higher in the last couple of days.
SQSP has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
27.21
47.24
When analyzing the support we can see 3 important areas.
- A support zone ranging from 45.42 to 46.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.49 to 44.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.48 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 46.58 to 46.77. 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 SQSP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SQSP is up. |
| ChartMill Relative Strength | 85.6 | POSITIVE | SQSP has a high relative strength, it outperformed 85.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SQSP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SQSP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SQSP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69 | NEUTRAL | The RSI value for SQSP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SQSP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 88.89 | OVERBOUGHT | The high Stochastics value suggests SQSP may be overbought. |
| Average True Range in percent/ATR (20) | 0.16 | LOW VOLATILITY | The low ATR as a percentage value for SQSP suggests low volalility. |
| Average Directional Index/ADX (14) | 54.01 | POSITIVE | The high ADX value value for SQSP 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)
46.57
-0.1 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.21%
1 Week0.15%
2 Weeks0.3%
1 Month0.34%
3 Month6.23%
6 Month35.02%
12 Month58.62%
2 Year109.68%
3 Year19.59%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%0.16%
ATR Inc114.29%
Range Today0.1
ADR(20)0.07
ADR(20)%0.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.6
Mansfield0.96
10 Day High46.69
10 Day Low46.25
20 Day High46.69
20 Day Low46.25
52 Week High46.69
52 Week Low26.7
CS1 End46.51
CR1 Start46.58
Volume & EV
DER(3)1.44%
DER(5)0.2%
Volume4.16M
Volume Incr49.21%
Vol(5)2.23M
Vol(50)1.37M