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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 2024-03-18 View latest technical analysis

10 day averaged volume of Spectrum Electric is 4950

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	1390.95	1350.00	1424.80	1350.00	0.177 times
15 Fri Mar 2024	1384.60	1360.00	1398.00	1322.00	0.909 times
14 Thu Mar 2024	1387.40	1353.00	1480.40	1339.45	4.394 times
13 Wed Mar 2024	1409.95	1450.00	1458.00	1409.95	0.303 times
12 Tue Mar 2024	1484.15	1453.00	1600.40	1448.00	0.985 times
11 Mon Mar 2024	1524.20	1550.00	1560.00	1524.20	0.657 times
06 Wed Mar 2024	1604.40	1551.00	1620.00	1551.00	0.606 times
05 Tue Mar 2024	1631.60	1645.00	1710.00	1619.30	0.985 times
04 Mon Mar 2024	1704.50	1730.00	1750.05	1635.00	0.96 times
02 Sat Mar 2024	1711.00	1718.00	1718.00	1704.00	0.051 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1491.4, but if it comes above 1491.4, then a intra day buy could be more profitable.
If you take a sell trade below 1491.4, then use 1491.4 as stoploss and 1310.3 as target. However if you take a buy trade in stock , then use 1491.4 as stoploss and 1642.4 as target.

Share price targets for Spectrum Electric (SPECTRUM_SM)

Target Type	Value
Downside Target	999.00
Downside Target	1060.05
Downside Target	1082.95
Downside Target	1187.95
Downside Target	1322.00
Upside Target	1424.80
Upside Target	1475.00
Upside Target	1551.00
Upside Target	1600.40
Upside Target	1656.00
Upside Target	1718.00
Upside Target	1760.00
Upside Target	1779.95
Upside Target	1867.95
Upside Target	1898.00

Intraday share price targets for Spectrum Electric (SPECTRUM_SM)

Target Type	Value
Downside Intraday Target	1352.37
Downside Intraday Target	1313.78
Upside Intraday Target	1427.17
Upside Intraday Target	1463.38
Downside Intraday Target	1388.58

Weekly technical analysis of Spectrum Electric (SPECTRUM_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	1390.95	1350.00	1424.80	1350.00	0.024 times
15 Fri Mar 2024	1384.60	1550.00	1600.40	1322.00	2.842 times
06 Wed Mar 2024	1604.40	1730.00	1750.05	1551.00	2.349 times
02 Sat Mar 2024	1711.00	1779.95	1779.95	1656.00	0.426 times
23 Fri Feb 2024	1779.95	1760.00	1867.95	1718.00	0.91 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
18 Mon Mar 2024	1390.95	1712.00	1760.00	1322.00	0.466 times
29 Thu Feb 2024	1743.00	1470.00	1898.00	1335.00	0.809 times
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

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Spectrum Electric ( (SPECTRUM_SM) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Spectrum Electric ( (SPECTRUM_SM) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

MACD generated a SELL signal for Spectrum Electric in short term and the sell signal is strong.

Spectrum Electric Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

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

RSI is generating a SELL signal in short term and selling is picking up 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 1475.44 and Spectrum Electric (SPECTRUM_SM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.