Taking everything into account, SSPK scores 7 out of 10 in our technical rating. SSPK has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Although SSPK has an excellent technical rating, it does not present a decent entry opportunity 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.
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10.54
When analyzing the support we can see 3 important areas.
- Support @15.60 from a trend line in the weekly time frame.
- Support @14.69 from a trend line in the daily time frame.
- Support @10.65 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.25 to 19.25. 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 SSPK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SSPK is up. |
| ChartMill Relative Strength | 75.07 | POSITIVE | SSPK has a high relative strength, it outperformed 75.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SSPK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SSPK is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SSPK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.98 | NEUTRAL | The RSI value for SSPK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests SSPK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.49 | OVERBOUGHT | The high Stochastics value suggests SSPK may be overbought. |
| Average True Range in percent/ATR (20) | 5.87 | HIGH VOLATILITY | The high ATR as a percentage value for SSPK suggests high volalility. |
Silver Spike Acquisition Corp Cl A
NASDAQ:SSPK (6/15/2021, 8:00:00 PM)
After market: 18.65 -0.19 (-1.01%)18.84
+0.05 (+0.27%)
Silver Spike Acquisition Corp Cl A / SSPK FAQ
Can you provide the ChartMill technical rating for Silver Spike Acquisition Corp Cl A?
ChartMill assigns a technical rating of 7 / 10 to SSPK.
What is the current trend direction of Silver Spike Acquisition Corp Cl A (SSPK) stock?
The current trend direction for Silver Spike Acquisition Corp Cl A (SSPK) is Bullish.
What is the RSI signal for SSPK stock?
Silver Spike Acquisition Corp Cl A (SSPK) has an RSI value of 63.9793. This indicates that the stock is currently neutral.
What is the buy/sell signal for SSPK stock?
The buy/sell signal for Silver Spike Acquisition Corp Cl A (SSPK) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SSPK stock?
Silver Spike Acquisition Corp Cl A (SSPK) has a support level at 15.6 and a resistance level at 19.25. Check the full technical report for our detailed analysis of SSPK support and resistance levels.