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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 2024-07-22 View latest technical analysis

10 day averaged volume of Spectrum Electric is 4100

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	1903.75	1836.00	1921.00	1822.50	1.463 times
19 Fri Jul 2024	1917.95	1950.00	1950.00	1883.15	1.799 times
18 Thu Jul 2024	1982.25	1982.50	2019.25	1982.25	0.945 times
16 Tue Jul 2024	2086.55	2113.10	2113.10	2086.55	0.793 times
15 Mon Jul 2024	2196.35	2120.85	2200.05	2056.05	0.701 times
12 Fri Jul 2024	2120.85	1969.00	2135.00	1969.00	0.366 times
11 Thu Jul 2024	2072.15	2075.00	2101.00	2060.00	0.488 times
10 Wed Jul 2024	2049.10	2038.65	2069.00	2038.65	2.622 times
09 Tue Jul 2024	2145.95	2210.00	2210.00	2145.95	0.854 times
08 Mon Jul 2024	2258.90	2400.00	2400.00	2242.50	0.732 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1857.4, for a target of 2046.8 or 2204.56

Share price targets for Spectrum Electric (SPECTRUM_SM)

Target Type	Value
Downside Target	1210.00
Downside Target	1250.00
Downside Target	1321.40
Downside Target	1530.80
Downside Target	1760.00
Downside Target	1822.50
Downside Target	1871.35
Upside Target	1921.00
Upside Target	1969.00
Upside Target	2046.95
Upside Target	2200.05
Upside Target	2400.00
Upside Target	2475.00
Upside Target	2520.00

Intraday share price targets for Spectrum Electric (SPECTRUM_SM)

Target Type	Value
Downside Intraday Target	1843.83
Downside Intraday Target	1783.92
Upside Intraday Target	1942.33
Upside Intraday Target	1980.92
Downside Intraday Target	1882.42

Weekly technical analysis of Spectrum Electric (SPECTRUM_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	1903.75	1836.00	1921.00	1822.50	0.345 times
19 Fri Jul 2024	1917.95	2120.85	2200.05	1883.15	0.837 times
12 Fri Jul 2024	2120.85	2400.00	2400.00	1969.00	0.539 times
05 Fri Jul 2024	2360.00	2269.95	2475.00	2230.00	0.431 times
28 Fri Jun 2024	2335.75	2100.00	2520.00	2046.95	1.275 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
22 Mon Jul 2024	1903.75	2269.95	2475.00	1822.50	0.381 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
30 Tue Apr 2024	1300.00	1530.00	1540.00	1210.00	0.918 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 Strong and stock is gaining momentum.

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

Spectrum Electric Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Spectrum Electric is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2039.33 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 positive

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