Spire Global, Inc. (SPIR) has been in a pronounced uptrend over the recent quarter, propelled by a pivot low in late February that sparked a 175% rally from around 8.40 levels. The stock accelerated sharply post-Q4 earnings, posting gains like 18.83% on high volume in early April and gapping up to near 19.65 recently. Currently hovering around 18.15–18.30, SPIR shows resilience above major trendlines within an upward parallel channel, though short-term price action reflects profit-taking after the explosive move.
The chart displays bullish continuation patterns, including a falling wedge at the base of the up-channel and an ascending triangle with recent breakout confirmation on demand volume. Over the last 30 days, SPIR has respected dynamic support from the 20-day EMA at 17.24 during minor retracements, while testing higher highs. Volatility remains elevated, with long upper and lower shadows signaling intraday battles, but closes favor bulls.
Moving averages paint a bullish picture for the intermediate term. The summary rating is Buy, with 10 buy signals dominating over 4 sells. SPIR resides above the 20-day SMA (16.66), 50-day SMA (12.62), 100-day SMA (11.15), and 200-day SMA (10.80), acting as robust support zones. Shorter-term MAs like the 10-day EMA (19.09) and SMA (19.90) cap near-term upside, suggesting a healthy consolidation phase above the trend.
Momentum oscillators are largely neutral on the daily timeframe, balancing the recent surge. RSI (14) at 55.93 resides in neutral territory, avoiding overbought extremes after the rally. MACD (12,26) level stands at 2.37 with a buy signal, supported by positive histogram momentum. Stochastic %K (67.05) and other indicators like CCI (43.92) reinforce equilibrium, pointing to sustained upside potential without immediate exhaustion.
Trading volume has spiked notably on upward moves, such as 2.5x normal levels during the April 2nd 18.83% gain, indicating institutional accumulation. Demand volume confirmed breakouts from patterns, while recent sessions show balanced participation amid the pullback. Elevated activity underscores conviction in the uptrend.
Key support aligns with the 20-day EMA at 17.24 and prior consolidation near 15.55 (pivot R1), with deeper floors at the 50-day SMA (12.62). Resistance eyes 20.42–21.89 from pattern targets, followed by recent highs around 23. Near-term pivot at 12.02 serves as major confluence.
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Traders eye a resumption of the uptrend if SPIR holds above 17.24 (20-day EMA) and reclaims the 10-day SMA near 19.90, targeting 20.42–21.89 resistance. A breakdown below 15.55 could test 12.62 support, while sustained MACD buy and neutral RSI favor bulls. Monitor volume for breakout confirmation and shorter-term MAs for pullback depth.
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A.I.dvisor indicates that over the last year, SPIR has been loosely correlated with BKSY. These tickers have moved in lockstep 59% of the time. This A.I.-generated data suggests there is some statistical probability that if SPIR jumps, then BKSY could also see price increases.
| Ticker / NAME | Correlation To SPIR | 1D Price Change % | ||
|---|---|---|---|---|
| SPIR | 100% | -5.47% | ||
| BKSY - SPIR | 59% Loosely correlated | -2.59% | ||
| SRRPF - SPIR | 36% Loosely correlated | N/A | ||
| EXPO - SPIR | 35% Loosely correlated | -4.99% | ||
| ARLO - SPIR | 35% Loosely correlated | -4.71% | ||
| AMTM - SPIR | 33% Loosely correlated | +1.55% | ||
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| Ticker / NAME | Correlation To SPIR | 1D Price Change % |
|---|---|---|
| SPIR | 100% | -5.47% |
| Office Equipment/Supplies industry (89 stocks) | 2% Poorly correlated | -0.55% |