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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 2024-08-29 View latest technical analysis

10 day averaged volume of Spectrum Electric is 7000

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	1786.65	1810.00	1810.00	1691.60	1.268 times
28 Wed Aug 2024	1780.60	1900.00	1900.00	1765.00	3.5 times
27 Tue Aug 2024	1851.75	1811.00	1882.00	1811.00	1.804 times
26 Mon Aug 2024	1862.35	1900.00	1900.00	1862.35	1.571 times
23 Fri Aug 2024	1960.35	1962.00	2079.90	1953.00	0.464 times
22 Thu Aug 2024	2050.00	2062.10	2062.10	2005.05	0.714 times
21 Wed Aug 2024	1963.95	1960.00	1964.00	1905.05	0.554 times
20 Tue Aug 2024	1874.00	1860.00	1898.90	1859.00	0.321 times
19 Mon Aug 2024	1808.50	1770.00	1815.00	1770.00	0.143 times
16 Fri Aug 2024	1759.00	1850.00	1882.90	1759.00	0.304 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1798.5, but if it comes above 1798.5, then a intra day buy could be more profitable.
If you take a sell trade below 1798.5, then use 1798.5 as stoploss and 1705 as target. However if you take a buy trade in stock , then use 1798.5 as stoploss and 1876.49 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	1691.60
Downside Target	1770.00
Upside Target	1808.60
Upside Target	1871.35
Upside Target	1955.55
Upside Target	2079.90
Upside Target	2080.05
Upside Target	2475.00
Upside Target	2520.00

Intraday share price targets for Spectrum Electric (SPECTRUM_SM)

Target Type	Value
Downside Intraday Target	1685.5
Downside Intraday Target	1584.35
Upside Intraday Target	1893.9
Upside Intraday Target	2001.15
Upside Intraday Target	1792.75

Weekly technical analysis of Spectrum Electric (SPECTRUM_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	1786.65	1900.00	1900.00	1691.60	3.707 times
23 Fri Aug 2024	1960.35	1770.00	2079.90	1770.00	1.64 times
16 Fri Aug 2024	1759.00	1890.00	1900.00	1694.75	0.862 times
09 Fri Aug 2024	1869.10	1875.00	1955.55	1828.00	0.888 times
02 Fri Aug 2024	1955.55	2030.00	2080.05	1893.05	0.43 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Spectrum Electric (SPECTRUM_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	1786.65	2060.00	2079.90	1691.60	0.826 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 neutral. A longer time frame might give a better analysis.

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 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 moving up

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 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 1843.49 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.