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 SP
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Stronger technical forecast for SP Plus Corporation stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 28, 2024 Gain 1.29% PDF

The SP Plus Corporation stock price gained 0.0192% on the last trading day (Wednesday, 27th Mar 2024), rising from $51.96 to $51.97. During the last trading day the stock fluctuated 0.193% from a day low at $51.87 to a day high of $51.97. The price has risen in 7 of the last 10 days and is up by 0.5% 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, 34 thousand more shares were traded than the day before. In total, 135 thousand shares were bought and sold for approximately $7.01 million.

The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect SP Plus Corporation stock with a 90% probability to be traded between $51.55 and $52.47 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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SP Signals & Forecast

The SP Plus Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $51.90 and $51.55. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -0.0192%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Thursday, March 07, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Thursday, March 07, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Monday, March 25, 2024 and based on theory for this formation the price should fall by -0.310% to $51.81 within 33 trading days since signal was issued (Thursday, March 28, 2024).

Support, Risk & Stop-loss for SP Plus Corporation stock

SP Plus Corporation finds support from accumulated volume at $51.40 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 $0.100 between high and low, or 0.193%. For the last week the stock has had daily average volatility of 0.351%.

Our recommended stop-loss: $50.12 (-3.57%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (SP) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect SP Plus Corporation to open at $51.94, and during the day (based on 14 day Average True Range), to move between $51.72 and $52.22, which gives a possible trading interval of +/-$0.252 (+/-0.49%) up or down from last closing price. If SP Plus Corporation takes out the full calculated possible swing range there will be an estimated 0.97% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $51.98 (0.02%) than the support at $51.40 (1.10%), 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 SP Plus Corporation 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 SP Plus Corporation 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: 3.325 Buy Candidate Upgraded

Predicted Opening Price for SP Plus Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$51.94 ( 0.0641%) $51.97

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

Trading levels for SP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 52.04 0.128 %
R2 52.00 0.0548 %
R1 51.97 0.0094 %
Current price: 51.97
Support S1 51.90 -0.138 %
S2 51.87 -0.183 %
S3 51.84 -0.257 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 52.02 0.0962 %
R1 51.98 0.0192 %
Current price 51.97
Support S1 51.40 -1.10%
S2 51.33 -1.23%
S3 51.11 -1.65%

FAQ

What is the symbol for SP Plus Corporation Stock and on which exchange is it traded?
The symbol for SP Plus Corporation is SP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell SP Plus Corporation 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 SP Plus Corporation 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 SP Plus Corporation Stock?
SP Plus Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy SP Plus Corporation Stock.

What's the current price of SP Plus Corporation Stock?
As of the end of day on the 2024-03-27, the price of an SP Plus Corporation (SP) share was $51.97.

What is the 52-week high and low for SP Plus Corporation Stock?
The 52-week high for SP Plus Corporation Stock is $52.36 and the 52-week low is $32.80.

What is the market capitalization of SP Plus Corporation Stock?
As of the 2024-03-27, the market capitalization of SP Plus Corporation is 1.029B.

When is the next earnings date for SP Plus Corporation?
The upcoming earnings date for SP Plus Corporation is May 01, 2024.
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About SP Plus Corporation

SP Plus SP Plus Corporation provides mobility solutions, parking management, ground transportation, baggage, and other ancillary services in North America. The company operates in Commercial and Aviation segments. It provides on-site parking management, valet parking, ground transportation, facility maintenance, event logistics, remote airline check-in, security, municipal meter revenue collection and enforcement, and consulting services, as well as shut... SP Profile

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