Spark Energy Forecast and Stock Analysis
Technical SPKE stock analysis for March 22, 2019.
Spark Energy gained 0.23% in the last trading day, rising from $8.67 to $8.69 The price has risen in 5 of the last 10 days , but is still down by -2.14% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 28 417 more shares were traded than the day before. In total, 94 845 shares bought and sold for approximately $824 203.00.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the SPKE stock was $8.69. This is 0.23% more than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 1.52% from a day low at $8.65 to a day high of $8.78.
30 day high of the SPKE stock price was $10.22 and low was $8.50.
90 day high was $10.22 and low was $7.20.
52 week high for the Spark Energy - $12.70 and low - $7.20.
Spark Energy has broken the wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $8.74. A reaction back to this level may hold a second chance to get out before further falls.
A buy signal was issued from a pivot bottom point on Tuesday March 19, 2019, which indicates further gains until a new top pivot has been found. Spark Energy has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Spark Energy holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $8.74 and $9.13. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 27 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Spark Energy finds support from accumulated volume at $8.63.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.13 between high and low, or 1.52%. For the last week, the stock has had a daily average volatility of 2.72%.
Spark Energy is oversold on RSI14 (27). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Spark Energy stock holds several negative signals and despite the positive trend we believe Spark Energy will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.