SPRU Spruce Power Holding Corp Forecast, Technical & Fundamental Analysis
Spruce Power Holding Corp is a leading owner and operator of distributed solar energy assets across the United States (the U... Show more
SPRU in -14.17% downward trend, sliding for three consecutive days on April 01, 2025
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SPRU declined for three days, in of 320 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on March 28, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on SPRU as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SPRU turned negative on March 31, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .
The Aroon Indicator for SPRU entered a downward trend on March 06, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 18 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPRU advanced for three days, in of 203 cases, the price rose further within the following month. The odds of a continued upward trend are .
SPRU may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
SPRU and Stocks
Correlation & Price change
A.I.dvisor tells us that SPRU and ENR have been poorly correlated (+25% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that SPRU and ENR's prices will move in lockstep.
| Ticker / NAME | Correlation To SPRU | 1D Price Change % | ||
|---|---|---|---|---|
| SPRU | 100% | -1.42% | ||
| ENR - SPRU | 25% Poorly correlated | -2.07% | ||
| BEEM - SPRU | 23% Poorly correlated | -3.86% | ||
| LTBR - SPRU | 22% Poorly correlated | -5.51% | ||
| MVST - SPRU | 21% Poorly correlated | +2.82% | ||
| ARRY - SPRU | 21% Poorly correlated | -10.32% | ||
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