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(SPECTRUM_SM) Spectrum Electric complete technical analysis [charts+indicators] | Buy/Sell Spectrum Electric | (SPECTRUM_SM) share price targets

Complete technical analysis of Spectrum Electric (SPECTRUM_SM) by charts plus indicators, forecast predictions and share price targets for Spectrum Electric (SPECTRUM_SM)

Showing technical analysis as on 2024-01-31 View latest technical analysis

10 day averaged volume of Spectrum Electric is 7800

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	1456.85	1425.00	1475.00	1380.00	1.394 times
30 Tue Jan 2024	1351.10	1346.45	1410.00	1290.10	1.234 times
29 Mon Jan 2024	1329.45	1290.00	1350.00	1233.00	2.051 times
25 Thu Jan 2024	1267.70	1131.00	1294.95	1131.00	1.346 times
24 Wed Jan 2024	1187.50	1060.05	1189.00	1060.05	0.112 times
23 Tue Jan 2024	1175.50	1199.00	1199.00	1100.00	0.625 times
22 Mon Jan 2024	1151.05	1229.00	1278.95	1140.00	1.49 times
19 Fri Jan 2024	1220.85	1180.00	1229.00	1170.00	0.625 times
18 Thu Jan 2024	1200.00	1210.00	1225.00	1139.00	0.401 times
17 Wed Jan 2024	1174.55	1200.00	1240.00	1120.00	1.218 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1411.9, for a target of 1328.6 or 1259.22

Share price targets for Spectrum Electric (SPECTRUM_SM)

Target Type	Value
Downside Target	900.00
Downside Target	926.05
Downside Target	999.00
Downside Target	1023.75
Downside Target	1054.30
Downside Target	1082.95
Downside Target	1120.00
Downside Target	1187.95
Downside Target	1215.00
Downside Target	1294.95
Downside Target	1369.95
Downside Target	1431.25
Upside Target	1470.00
Upside Target	1475.00

Intraday share price targets for Spectrum Electric (SPECTRUM_SM)

Target Type	Value
Downside Intraday Target	1301.57
Downside Intraday Target	1146.28
Upside Intraday Target	1543.57
Upside Intraday Target	1630.28
Downside Intraday Target	1388.28

Weekly technical analysis of Spectrum Electric (SPECTRUM_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	1456.85	1290.00	1475.00	1233.00	1.309 times
25 Thu Jan 2024	1267.70	1229.00	1294.95	1060.05	0.656 times
19 Fri Jan 2024	1220.85	1225.00	1295.00	1120.00	3.82 times
12 Fri Jan 2024	1251.00	1238.00	1369.95	1215.00	0.712 times
05 Fri Jan 2024	1295.20	1339.95	1470.00	1249.50	0.992 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Spectrum Electric (SPECTRUM_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	1456.85	1339.95	1475.00	1060.05	1.919 times
29 Fri Dec 2023	1341.35	1150.00	1431.25	1082.95	1.311 times
30 Thu Nov 2023	1150.00	1075.00	1187.95	999.00	2.742 times
31 Tue Oct 2023	1025.40	999.00	1054.30	926.05	0.745 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Spectrum Electric (SPECTRUM_SM)

Price action analysis of Spectrum Electric ( (SPECTRUM_SM) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Spectrum Electric ( (SPECTRUM_SM) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Spectrum Electric ( (SPECTRUM_SM) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Spectrum Electric stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Spectrum Electric in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Spectrum Electric Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Spectrum Electric in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Spectrum Electric is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1275.6 and Spectrum Electric (SPECTRUM_SM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Spectrum Electric (SPECTRUM_SM) stock. Volume based technical analysis of Spectrum Electric (SPECTRUM_SM) stock is negative.

Spectrum Electric Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.