Question 1

What implications does the 10-day RSI indicator have for SPRB?

Accepted Answer

The RSI Indicator for SPRB moved out of oversold territory on August 15, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 24 similar instances when the indicator left oversold territory. In 17 of the 24 cases the stock moved higher. This puts the odds of a move higher at 0%.

Question 2

What does the Stochastic Oscillator suggest about SPRB's trend?

Accepted Answer

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 37 of 48 cases where SPRB's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 0%.

Question 3

How did SPRB's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 19, 2024. You may want to consider a long position or call options on SPRB as a result. In 59 of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 4

What does MACD indicator imply for SPRB?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for SPRB just turned positive on August 16, 2024. Looking at past instances where SPRB's MACD turned positive, the stock continued to rise in 28 of 32 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What does a 3-day price advance indicate for SPRB?

Accepted Answer

Following a +6.84% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPRB advanced for three days, in 153 of 194 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 6

What does a 3-day decline signify for SPRB's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPRB declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 87%.

Question 7

What does SPRB breaking above its upper Bollinger Band indicate?

Accepted Answer

SPRB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Question 8

How does the Aroon Indicator reflect on SPRB's trend?

Accepted Answer

The Aroon Indicator for SPRB entered a downward trend on August 19, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

SPRB Stock Spruce Biosciences (SPRB, $0.7) RSI Indicator left the oversold zone on May 24, 2024

SPRB's RSI Indicator ascends from oversold territory

General Information