RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SPSC
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SPS Commerce stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The SPS Commerce stock price gained 0.549% on the last trading day (Thursday, 28th Mar 2024), rising from $183.89 to $184.90. During the last trading day the stock fluctuated 2.10% from a day low at $182.73 to a day high of $186.58. The price has fallen in 6 of the last 10 days but is still up by 2.37% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 97 thousand more shares were traded than the day before. In total, 256 thousand shares were bought and sold for approximately $47.31 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect SPS Commerce stock with a 90% probability to be traded between $173.57 and $211.39 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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SPSC Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 4.16%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SPS Commerce stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $186.03. On a fall, the stock will find some support from the short-term average at $182.96. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for SPS Commerce stock

SPS Commerce finds support from accumulated volume at $182.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.85 between high and low, or 2.10%. For the last week the stock has had daily average volatility of 2.01%.

Our recommended stop-loss: $174.30 (-5.73%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (SPSC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect SPS Commerce to open at $184.74, and during the day (based on 14 day Average True Range), to move between $179.98 and $189.82, which gives a possible trading interval of +/-$4.92 (+/-2.66%) up or down from last closing price. If SPS Commerce takes out the full calculated possible swing range there will be an estimated 5.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $185.16 (0.14%) than the support at $182.95 (1.05%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is SPS Commerce stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for SPS Commerce stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.807 Buy Candidate Upgraded

Predicted Opening Price for SPS Commerce of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$184.74 ( 0.0892%) $184.90

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SPSC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 188.58 1.99 %
R2 187.11 1.20 %
R1 186.20 0.705 %
Current price: 184.90
Support S1 183.27 -0.88 %
S2 182.36 -1.37 %
S3 180.89 -2.17 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 210.99 14.11 %
R2 201.14 8.78 %
R1 185.16 0.141 %
Current price 184.90
Support S1 182.95 -1.05%
S2 180.62 -2.31%
S3 180.02 -2.64%

FAQ

What is the symbol for SPS Commerce Stock and on which exchange is it traded?
The symbol for SPS Commerce is SPSC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell SPS Commerce Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for SPS Commerce stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy SPS Commerce Stock?
SPS Commerce Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy SPS Commerce Stock.

What's the current price of SPS Commerce Stock?
As of the end of day on the 2024-03-28, the price of an SPS Commerce (SPSC) share was $184.90.

What is the 52-week high and low for SPS Commerce Stock?
The 52-week high for SPS Commerce Stock is $218.62 and the 52-week low is $140.00.

What is the market capitalization of SPS Commerce Stock?
As of the 2024-03-28, the market capitalization of SPS Commerce is 6.836B.

When is the next earnings date for SPS Commerce?
The upcoming earnings date for SPS Commerce is Apr 24, 2024.
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About SPS Commerce

SPS Commerce SPS Commerce, Inc. provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships. The company also provides Fulfillment solution that provides fulfillment automation and replace... SPSC Profile

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