SPS Commerce Forecast and Stock Analysis
Technical SPSC stock analysis for April 22, 2019.
SPS Commerce gained 1.05% in the last trading day, rising from $101.18 to $102.24 The price has been going up and down for this period, and there has been a -0.7% loss for the last 2 weeks. Volume fell in the last day by -18 776 shares, and in total, 93 780 shares bought and sold for approximately $9.59 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Monday, 22nd Apr 2019) of the SPSC stock was $102.24. This is 1.05% more than the trading day before Thursday, 18th Apr 2019.
During day the stock fluctuated 2.79% from a day low at $100.25 to a day high of $103.05.
30 day high of the SPSC stock price was $108.03 and low was $98.59.
90 day high was $113.31 and low was $84.87.
52 week high for the SPS Commerce - $113.31 and low - $64.11.
SPS Commerce lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $101.00 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 14.84% during the next 3 months and, with 90% probability hold a price between $115.99 and $138.18 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday April 18, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. SPS Commerce 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 $103.32 and $105.49. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
SPS Commerce finds support from accumulated volume at $101.36.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $2.80 (2.79%) between high and low. For the last week, the stock has had a daily average volatility of 2.99%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The SPS Commerce stock holds several negative signals and despite the positive trend we believe SPS Commerce will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
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|SPSC $102.24 ($1.06 1.05%)|
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