MENU

SPRU Stock Tickeron detected bearish Stock Pattern: Head-and-Shoulders Top SPRU on March 31, 2025, netting in a 6.23% gain over 2 weeks

A.I.dvisor
at Tickeron.com
Loading...
+6.23% Gain from a Successful pattern Head-and-Shoulders Top
SPRU - Spruce Power Holding Corp
Tickeron
Ticker: SPRU
Company: Spruce Power Holding
Gain from shorting: +6.23%
Confirmed: 03/31/25
Succeeded: 03/31/25
Total length: 17 days
On March 14, 2025, A.I.dvisor detected a Head-and-Shoulders Top Pattern (Bearish) for Spruce Power Holding Corp (SPRU, $2.57). 17 days later, on March 31, 2025, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On March 31, 2025, the stock hit the target price of $2.17 – resulting in a gain for traders who shorted the stock on the pattern detection date.

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 .

Price Prediction Chart

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.

View a ticker or compare two or three
SPRU
Daily Signalchanged days ago
Gain/Loss if bought
Show more...
Ad is loading...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Industry

Profile
Fundamentals
Details
Industry
Multi Line Insurance
Address
1875 Lawrence Street
Phone
+1 866 903-2399
Employees
318
Web
https://www.sprucepower.com