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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 2024-04-02 View latest technical analysis

10 day averaged volume of Spectrum Electric is 3525

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	1473.35	1510.05	1534.00	1434.50	3.865 times
01 Mon Apr 2024	1510.00	1530.00	1540.00	1500.00	0.39 times
28 Thu Mar 2024	1533.10	1460.05	1564.00	1460.05	0.709 times
27 Wed Mar 2024	1499.05	1528.00	1528.00	1450.00	2.021 times
26 Tue Mar 2024	1519.70	1500.00	1575.00	1440.00	1.348 times
22 Fri Mar 2024	1500.00	1494.80	1500.00	1465.00	0.496 times
21 Thu Mar 2024	1428.60	1369.00	1437.45	1350.00	2.66 times
20 Wed Mar 2024	1369.00	1365.00	1369.00	1365.00	0.248 times
19 Tue Mar 2024	1348.45	1400.00	1405.00	1321.40	0.603 times
18 Mon Mar 2024	1390.95	1350.00	1424.80	1350.00	0.248 times

Stock of Spectrum Electric (SPECTRUM_SM) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 1393.2 or till 1256.8. Use a stoploss of 1506.95 and if the stock hits stoploss, then it can shoot up till 1620.65

Share price targets for Spectrum Electric (SPECTRUM_SM)

Target Type	Value
Downside Target	1060.05
Downside Target	1082.95
Downside Target	1321.40
Downside Target	1431.25
Upside Target	1475.00
Upside Target	1540.00
Upside Target	1551.00
Upside Target	1575.00
Upside Target	1600.40
Upside Target	1750.05
Upside Target	1760.00
Upside Target	1898.00

Intraday share price targets for Spectrum Electric (SPECTRUM_SM)

Target Type	Value
Downside Intraday Target	1425.23
Downside Intraday Target	1377.12
Upside Intraday Target	1530.73
Upside Intraday Target	1588.12
Upside Intraday Target	1482.62

Weekly technical analysis of Spectrum Electric (SPECTRUM_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	1473.35	1530.00	1540.00	1434.50	1.043 times
28 Thu Mar 2024	1533.10	1500.00	1575.00	1440.00	0.958 times
22 Fri Mar 2024	1500.00	1350.00	1500.00	1321.40	0.418 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

Price has moved down 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
02 Tue Apr 2024	1473.35	1530.00	1540.00	1434.50	0.19 times
28 Thu Mar 2024	1533.10	1712.00	1760.00	1321.40	0.729 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Spectrum Electric ( (SPECTRUM_SM) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 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 SELL. 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.

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 in or below 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 1468.87 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.