Defiance Next Gen Spac Derived ETF (SPAK) Stock Technical Analysis
NYSEARCA:SPAK - NYSE Arca - US26922B2043 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to SPAK. In the past year, SPAK was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, SPAK is a bad performer in the overall market: 76% of all stocks are doing better.
SPAK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: SPAK has an average volume of 10402 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
SPAK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month SPAK has a been trading in a tight range between 14.19 and 15.00.
Although the technical rating is only medium, SPAK does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 14.65. Right above this resistance zone may be a good entry point.
More info and screens
12.89
15.18
When analyzing the support we can see 3 important areas.
- A support zone ranging from 14.52 to 14.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.87 to 13.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 13.02 to 13.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 14.65 to 14.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @15.03 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.49
Mansfield-1.33
10 Day High14.7
10 Day Low14.55
20 Day High15
20 Day Low14.19
52 Week High25.75
52 Week Low12.89
Performance
1 Week-0.37%
2 Weeks-0.37%
1 Month4.21%
3 Month-2.4%
6 Month-11.49%
12 Month-37.74%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.03
RSI(14)59.76
LBB14.64
UBB14.72
Defiance Next Gen Spac Derived ETF
NYSEARCA:SPAK (8/29/2022, 8:04:00 PM)
14.63
-0.04 (-0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.31%
1 Week-0.37%
2 Weeks-0.37%
1 Month4.21%
3 Month-2.4%
6 Month-11.49%
12 Month-37.74%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%1%
ATR Inc1.22%
Range Today0.14
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.49
Mansfield-1.33
10 Day High14.7
10 Day Low14.55
20 Day High15
20 Day Low14.19
52 Week High25.75
52 Week Low12.89
CS1 End14.56
CR1 Start14.65
Volume & EV
DER(3)1.69%
DER(5)1.94%
Volume11.20K
Volume Incr-15.37%
Vol(5)8.34K
Vol(50)10.40K