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 SPXC
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SPX Corporation stock upgraded to Strong Buy Candidate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Nov 03, 2023 Gain 49.23% PDF

The SPX Corporation stock price gained 1.41% on the last trading day (Thursday, 28th Mar 2024), rising from $121.42 to $123.13. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.35% from a day low at $120.53 to a day high of $123.36. The price has risen in 7 of the last 10 days and is up by 5.87% 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, 113 thousand more shares were traded than the day before. In total, 293 thousand shares were bought and sold for approximately $36.06 million.

The stock has broken the narrow and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $121.93, a level that may pose a second chance to hit a runner. According to fan-theory $126.44 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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SPXC Signals & Forecast

Mostly positive signals in the chart today. The SPX 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 $120.35 and $114.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 31, 2024, and so far it has risen 22.35%. 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.

Support, Risk & Stop-loss for SPX Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $114.22 and $108.62. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, SPX Corporation finds support just below today's level at $114.22. If this is broken, then the next support from accumulated volume will be at $108.62 and $108.51.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.83 (2.35%) between high and low. For the last week, the stock has had daily average volatility of 2.59%.

Our recommended stop-loss: $118.70 (-3.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 40 days ago.)

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

For the upcoming trading day on Monday, 1st we expect SPX Corporation to open at $122.34, and during the day (based on 14 day Average True Range), to move between $120.25 and $126.01, which gives a possible trading interval of +/-$2.88 (+/-2.34%) up or down from last closing price. If SPX Corporation takes out the full calculated possible swing range there will be an estimated 4.67% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $114.22, some $8.91 (7.24%) from the current price of $123.13, our system finds the risk reward attractive.

Is SPX Corporation stock A Buy?

SPX Corporation holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.563 Strong Buy Candidate Upgraded

Predicted Opening Price for SPX Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$122.34 ( 0.644%) $123.13

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

Trading levels for SPXC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 125.17 1.65 %
R2 124.09 0.776 %
R1 123.42 0.234 %
Current price: 123.13
Support S1 121.26 -1.52 %
S2 120.59 -2.06 %
S3 119.51 -2.94 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 123.13
Support S1 114.22 -7.24%
S2 108.62 -11.78%
S3 108.51 -11.87%

SPXC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 28, 2015 Jun 12, 2015 Jul 01, 2015 $0.0944 0.520%
2 Feb 27, 2015 Mar 12, 2015 Apr 01, 2015 $0.0944 0.440%
3 Nov 20, 2014 Dec 11, 2014 Jan 05, 2015 $0.0944 0.456%
4 Aug 21, 2014 Sep 11, 2014 Oct 02, 2014 $0.0944 0.405%
5 May 28, 2014 Jun 12, 2014 Jul 02, 2014 $0.0944 0.342%

FAQ

What is the symbol for SPX Corporation Stock and on which exchange is it traded?
The symbol for SPX Corporation is SPXC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell SPX Corporation Stock?
SPX Corporation holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy SPX Corporation Stock?
SPX 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 SPX Corporation Stock.

What's the current price of SPX Corporation Stock?
As of the end of day on the 2024-03-28, the price of an SPX Corporation (SPXC) share was $123.13.

What is the 52-week high and low for SPX Corporation Stock?
The 52-week high for SPX Corporation Stock is $123.36 and the 52-week low is $61.18.

What is the market capitalization of SPX Corporation Stock?
As of the 2024-03-28, the market capitalization of SPX Corporation is 5.626B.

When is the next earnings date for SPX Corporation?
The upcoming earnings date for SPX Corporation is May 02, 2024.
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About SPX Corporation

SPX SPX Corporation supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, China, the United Kingdom, and internationally. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services cooling products and engineered air quality solutions for the HVAC, and industrial markets... SPXC Profile

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