SPI SPI Energy Co Ltd Forecast, Technical & Fundamental Analysis

SPI's RSI Indicator remains in overbought zone for 1 day

Watch for a price pull-back in the near future.

Technical Analysis (Indicators)

Bearish Trend Analysis

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

SPI broke above its upper Bollinger Band on January 07, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 06, 2025. You may want to consider a long position or call options on SPI as a result. In of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The 10-day moving average for SPI crossed bullishly above the 50-day moving average on December 23, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a +6 3-day Advance, the price is estimated to grow further. Considering data from situations where SPI advanced for three days, in of 221 cases, the price rose further within the following month. The odds of a continued upward trend are .