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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 2024-08-06 View latest technical analysis

10 day averaged volume of Spectrum Electric is 3913

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	1877.50	1931.00	1931.00	1860.00	0.479 times
05 Mon Aug 2024	1930.00	1875.00	1955.55	1875.00	1.118 times
02 Fri Aug 2024	1955.55	2000.00	2000.00	1913.35	0.351 times
01 Thu Aug 2024	2000.00	2060.00	2060.00	2000.00	0.256 times
31 Wed Jul 2024	2071.05	1990.00	2080.05	1893.05	1.725 times
30 Tue Jul 2024	1990.00	1931.00	1998.00	1931.00	0.256 times
29 Mon Jul 2024	2000.00	2030.00	2047.75	2000.00	0.543 times
26 Fri Jul 2024	2035.35	2083.00	2165.00	2002.00	0.926 times
25 Thu Jul 2024	2082.40	2090.40	2090.40	2031.00	2.044 times
24 Wed Jul 2024	1990.90	1890.00	1990.90	1887.30	1.31 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1929.4, but if it comes above 1929.4, then a intra day buy could be more profitable.
If you take a sell trade below 1929.4, then use 1929.4 as stoploss and 1826.4 as target. However if you take a buy trade in stock , then use 1929.4 as stoploss and 2015.19 as target.

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	1808.60
Downside Target	1860.00
Upside Target	1955.55
Upside Target	2060.00
Upside Target	2080.05
Upside Target	2165.00
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	1839.82
Downside Intraday Target	1802.13
Upside Intraday Target	1935.37
Upside Intraday Target	1993.23
Upside Intraday Target	1897.68

Weekly technical analysis of Spectrum Electric (SPECTRUM_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	1877.50	1875.00	1955.55	1860.00	0.51 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
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

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
06 Tue Aug 2024	1877.50	2060.00	2060.00	1860.00	0.075 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 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 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 gaining 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 2017.4 and Spectrum Electric (SPECTRUM_SM) stock is trading below this level. This means that stock is falling with high volumes. 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 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.