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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 2024-06-12 View latest technical analysis

10 day averaged volume of Spectrum Electric is 6963

Date	Daily Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	1868.50	1925.00	1925.00	1856.00	0.305 times
11 Tue Jun 2024	1909.00	1895.00	1961.10	1810.00	1.777 times
10 Mon Jun 2024	1808.75	1890.00	1890.00	1756.00	0.413 times
07 Fri Jun 2024	1818.55	1870.00	1870.00	1740.00	2.011 times
06 Thu Jun 2024	1715.40	1660.00	1719.00	1660.00	0.251 times
05 Wed Jun 2024	1647.25	1533.00	1679.95	1530.80	1.113 times
04 Tue Jun 2024	1611.35	1700.00	1700.00	1608.85	0.503 times
03 Mon Jun 2024	1693.50	1700.00	1726.45	1600.05	1.275 times
31 Fri May 2024	1644.25	1700.00	1700.00	1625.00	0.557 times
30 Thu May 2024	1665.85	1649.80	1685.00	1595.00	0.287 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1806.9, but if it comes below 1806.9, then a intra day sell could be more profitable.
If you take a sell trade below 1806.9, then use 1806.9 as stoploss and 1682.28 as target. However if you take a buy trade in stock , then use 1806.9 as stoploss and 1956.3 as target.

Share price targets for Spectrum Electric (SPECTRUM_SM)

Target Type	Value
Downside Target	1210.00
Downside Target	1250.00
Downside Target	1307.00
Downside Target	1530.80
Downside Target	1700.00
Downside Target	1756.00
Downside Target	1760.00
Upside Target	1870.00
Upside Target	1871.35
Upside Target	1898.00
Upside Target	1961.10

Intraday share price targets for Spectrum Electric (SPECTRUM_SM)

Target Type	Value
Downside Intraday Target	1762.63
Downside Intraday Target	1656.77
Upside Intraday Target	1967.73
Upside Intraday Target	2066.97
Downside Intraday Target	1861.87

Weekly technical analysis of Spectrum Electric (SPECTRUM_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	1868.50	1890.00	1961.10	1756.00	0.484 times
07 Fri Jun 2024	1818.55	1700.00	1870.00	1530.80	1.287 times
31 Fri May 2024	1644.25	1700.00	1700.00	1570.00	0.288 times
24 Fri May 2024	1692.25	1664.00	1871.35	1599.00	3.964 times
18 Sat May 2024	1546.60	1413.95	1567.00	1307.00	0.704 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
12 Wed Jun 2024	1868.50	1700.00	1961.10	1530.80	0.265 times
31 Fri May 2024	1644.25	1300.00	1871.35	1250.00	2.775 times
30 Tue Apr 2024	1300.00	1530.00	1540.00	1210.00	0.918 times
28 Thu Mar 2024	1533.10	1712.00	1760.00	1321.40	0.729 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not 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 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 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 losing 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Spectrum Electric in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 1765.67 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.