Source Physical Markets (SPAP.L): Tracking the Numbers

Taking a look at Source Physical Markets (SPAP.L) stock, we have recently spotted the Percentage Price Oscillator Histogram line above zero. Traders may be taking note of this level as a possible buy signal.

Many active investors will use technical analysis when conducting stock research. Technical analysis involves studying trends and trying to predict which trends will continue into the future. Many technical traders will rely on charts to help provide the information they desire. Some technicians will use one or two technical indicators while others will combine many different ones. There are plenty of indicators out there that can be studied. Figuring out which indicators are the most reliable can be a tricky endeavor. Traders may want to try out various combinations in order to identify the ones that seem to provide the best advantage, even if it is a small one.

When completing stock analysis, investors and traders may opt to review other technical levels. Source Physical Markets (SPAP.L) currently has a 14-day Commodity Channel Index (CCI) of 100.55. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory.

Tracking other technical indicators, the 14-day RSI is presently standing at 60.59, the 7-day sits at 61.73, and the 3-day is resting at 54.83 for Source Physical Markets (SPAP.L). The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI is computed base on the speed and direction of a stock’s price movement. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI value will always move between 0 and 100. One of the most popular time frames using RSI is the 14-day.

After a recent technical review, shares of Source Physical Markets (SPAP.L) have a 200-day moving average of 8760.91. The 50-day is 11415.02, and the 7-day is sitting at 12334.29. Using a wider time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations. In some cases, MA’s may be used as strong reference points for spotting support and resistance levels. Employing the use of the moving average for technical equity analysis is still highly popular among traders and investors. The moving average can be used as a reference point to assist with the discovery of buying and selling opportunities.

Another technical indicator that might serve as a powerful resource for measuring trend strength is the Average Directional Index or ADX. The ADX was introduced by J. Welles Wilder in the late 1980’s and it has stood the test of time. The ADX is typically used in conjunction with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to help spot trend direction as well as trend strength. At the time of writing, the 14-day ADX for Source Physical Markets (SPAP.L) is noted at 21.53. Many technical analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

Interested traders may be keeping an eye on the Williams Percent Range or Williams %R. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations. Source Physical Markets (SPAP.L)’s Williams Percent Range or 14 day Williams %R currently sits at -7.82. In general, if the indicator goes above -20, the stock may be considered overbought. Alternately, if the indicator goes below -80, this may point to the stock being oversold.

Investors may be digging through all of the most recent earnings report trying to locate a few names that are poised to make a run. Investors often take notice when a company beats or misses analyst projections by a wide margin. Once identifying these stocks, investors may want to look back at earnings history over the past few quarters. While one or two sub-par quarters may not be a legitimate cause for alarm, a long string of underperformance may be worth looking into. On the flip side, one or two great quarters may not be telling the complete picture either. Going behind the curtain and investigating the numbers may help the investor locate the next batch of stocks to add to the portfolio.

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