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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 2024-08-23 View latest technical analysis

10 day averaged volume of Spectrum Electric is 2450

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	1960.35	1962.00	2079.90	1953.00	1.327 times
22 Thu Aug 2024	2050.00	2062.10	2062.10	2005.05	2.041 times
21 Wed Aug 2024	1963.95	1960.00	1964.00	1905.05	1.582 times
20 Tue Aug 2024	1874.00	1860.00	1898.90	1859.00	0.918 times
19 Mon Aug 2024	1808.50	1770.00	1815.00	1770.00	0.408 times
16 Fri Aug 2024	1759.00	1850.00	1882.90	1759.00	0.867 times
14 Wed Aug 2024	1794.00	1830.00	1830.00	1694.75	1.786 times
13 Tue Aug 2024	1783.95	1875.00	1875.00	1775.90	0.765 times
12 Mon Aug 2024	1869.35	1890.00	1900.00	1859.00	0.408 times
09 Fri Aug 2024	1869.10	1900.00	1950.00	1865.05	0.561 times

My analysis of stock is bullish for shortterm, and stock might move up till 2007.1 or till 2114.9. Use a stoploss of 1917.24 and if this stock hits its stoploss, then it can fall down till 1827.4

Share price targets for Spectrum Electric (SPECTRUM_SM)

Target Type	Value
Downside Target	1210.00
Downside Target	1250.00
Downside Target	1530.80
Downside Target	1694.75
Downside Target	1770.00
Downside Target	1808.60
Downside Target	1871.35
Downside Target	1955.55
Upside Target	2079.90
Upside Target	2080.05
Upside Target	2165.00
Upside Target	2475.00
Upside Target	2520.00

Intraday share price targets for Spectrum Electric (SPECTRUM_SM)

Target Type	Value
Downside Intraday Target	1793.6
Downside Intraday Target	1626.85
Upside Intraday Target	2103.5
Upside Intraday Target	2246.65
Downside Intraday Target	1936.75

Weekly technical analysis of Spectrum Electric (SPECTRUM_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	1960.35	1770.00	2079.90	1770.00	1.64 times
16 Fri Aug 2024	1759.00	1890.00	1900.00	1694.75	0.862 times
09 Fri Aug 2024	1869.10	1875.00	1955.55	1828.00	0.888 times
02 Fri Aug 2024	1955.55	2030.00	2080.05	1893.05	0.43 times
26 Fri Jul 2024	2035.35	1836.00	2165.00	1808.60	1.64 times

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

Monthly technical analysis of Spectrum Electric (SPECTRUM_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	1960.35	2060.00	2079.90	1694.75	0.33 times
31 Wed Jul 2024	2071.05	2269.95	2475.00	1808.60	0.53 times
28 Fri Jun 2024	2335.75	1700.00	2520.00	1530.80	1.08 times
31 Fri May 2024	1644.25	1300.00	1871.35	1250.00	2.775 times

Scroll below to view daily charts

Price has moved down 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak and stock is losing momentum.

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

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 red color and prices are in or above the red 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 1899.61 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 negative.

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