SPI sees its 50-d moving average cross bullishly above its 200-d
The 50-day Moving Average for SPI moved above the 200-day moving average on August 31, 2020. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend. Current price $14.00 is above $1.85 the highest resistance line found by Tickeron A.I. Throughout the month of 08/21/20 - 09/23/20, the price experienced a +929% Uptrend. During the week of 09/16/20 - 09/23/20, the stock enjoyed a +1067% Uptrend growth.
Current price $14.00 is above $1.85 the highest resistance line found by Tickeron A.I. Throughout the month of 08/21/20 - 09/23/20, the price experienced a +929% Uptrend. During the week of 09/16/20 - 09/23/20, the stock enjoyed a +1067% Uptrend growth.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Indicator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Momentum Indicator moved above the 0 level on September 15, 2020. You may want to consider a long position or call options on SPI as a result. Tickeron A.I. detected that in 48 of 55 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 87%.
The Moving Average Convergence Divergence (MACD) for SPI just turned positive on September 16, 2020. Looking at past instances where SPI's MACD turned positive, the stock continued to rise Tickeron A.I. shows that in 22 of 26 cases over the following month. The odds of a continued upward trend are 85%.
SPI moved above its 50-day Moving Average on September 23, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for SPI crossed bullishly above the 50-day moving average on September 23, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 5 of 7 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 71%.
Following a +19.80% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPI advanced for three days, in 94 of 106 cases, the price rose further within the following month. The odds of a continued upward trend are 89%.
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further Tickeron A.I. shows that in 50 of 62 cases within the following month. The odds of a continued downward trend are 89%.
SPI broke above its upper Bollinger Band on September 23, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for SPI entered a downward trend on September 16, 2020. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Current price $14.00 is above $1.85 the highest resistance line found by Tickeron A.I. Throughout the month of 08/21/20 - 09/23/20, the price experienced a +929% Uptrend. During the week of 09/16/20 - 09/23/20, the stock enjoyed a +1067% Uptrend growth.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Indicator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Momentum Indicator moved above the 0 level on September 15, 2020. You may want to consider a long position or call options on SPI as a result. Tickeron A.I. detected that in 48 of 55 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 87%.
The Moving Average Convergence Divergence (MACD) for SPI just turned positive on September 16, 2020. Looking at past instances where SPI's MACD turned positive, the stock continued to rise Tickeron A.I. shows that in 22 of 26 cases over the following month. The odds of a continued upward trend are 85%.
SPI moved above its 50-day Moving Average on September 23, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for SPI crossed bullishly above the 50-day moving average on September 23, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 5 of 7 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 71%.
Following a +19.80% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPI advanced for three days, in 94 of 106 cases, the price rose further within the following month. The odds of a continued upward trend are 89%.
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further Tickeron A.I. shows that in 50 of 62 cases within the following month. The odds of a continued downward trend are 89%.
SPI broke above its upper Bollinger Band on September 23, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for SPI entered a downward trend on September 16, 2020. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.