SPI ENERGY CO.

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Type:	Stocks
Ticker:	SPI
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SPI ENERGY CO. - 1H - Technical analysis published on 07/09/2022 (GMT)

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Timeframe : 1H
- Analysis generated on
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SPI ENERGY CO. Chart

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bullish

Technical indicators

61%

33%

My opinion

Bullish above 1.75 USD

My targets

1.85 USD (+3.35%)

2.00 USD (+11.56%)

My analysis

The basic trend is currently slightly bullish on SPI ENERGY CO. and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 1.75 USD, purchases could be favourable. The first bullish objective would be the resistance located at 1.85 USD. Then the price could move towards 2.00 USD. Then 2.05 USD by extension. A return under the support to 1.75 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

3.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by dobditdotcom.

Additional analysis

Quotes

The SPI ENERGY CO. rating is 1.79 USD. On the day, this instrument gained +0.56% and was between 1.73 USD and 1.85 USD. This implies that the price is at +3.47% from its lowest and at -3.24% from its highest.

1.73

1.85

1.79

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this 1H chart of SPI ENERGY CO. indicates that the overall trend is slightly bullish. 46.43% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.65	1.60	1.75	1.79	1.85	2.05	2.20
Change (%)	-63.69%	-10.61%	-2.23%	-	+3.35%	+14.53%	+22.91%
Change	-1.14	-0.19	-0.04	-	+0.06	+0.26	+0.41
Level	Intermediate	Minor	Major	-	Minor	Minor	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.61	1.67	1.73	1.79	1.85	1.91	1.97
Camarilla	1.76	1.77	1.78	1.79	1.80	1.81	1.82
Woodie	1.61	1.67	1.73	1.79	1.85	1.91	1.97
Fibonacci	1.67	1.72	1.74	1.79	1.84	1.86	1.91

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.39	1.50	1.64	1.75	1.89	2.00	2.14
Camarilla	1.72	1.74	1.77	1.79	1.81	1.84	1.86
Woodie	1.42	1.51	1.67	1.76	1.92	2.01	2.17
Fibonacci	1.50	1.59	1.65	1.75	1.84	1.90	2.00

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.71	1.18	1.46	1.93	2.21	2.68	2.96
Camarilla	1.52	1.59	1.66	1.73	1.80	1.87	1.94
Woodie	0.61	1.13	1.36	1.88	2.11	2.63	2.86
Fibonacci	1.18	1.47	1.65	1.93	2.22	2.40	2.68

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.97
MACD (12,26,9):	0.0200
Directional Movement:	5.90
AROON (14):	71.43
DEMA (21):	1.78
Parabolic SAR (0,02-0,02-0,2):	1.76
Elder Ray (13):	0.01
Super Trend (3,10):	1.71
Zig ZAG (10):	1.79
VORTEX (21):	1.1000
Stochastique (14,3,5):	58.57
TEMA (21):	1.81
Williams %R (14):	-35.29
Chande Momentum Oscillator (20):	0.03
Repulse (5,40,3):	0.5000
ROCnROLL:	1
TRIX (15,9):	0.1600
Courbe Coppock:	10.39

MA7:	1.72
MA20:	1.87
MA50:	1.96
MA100:	2.46
MAexp7:	1.78
MAexp20:	1.76
MAexp50:	1.76
MAexp100:	1.81
Price / MA7:	+4.07%
Price / MA20:	-4.28%
Price / MA50:	-8.67%
Price / MA100:	-27.24%
Price / MAexp7:	+0.56%
Price / MAexp20:	+1.70%
Price / MAexp50:	+1.70%
Price / MAexp100:	-1.10%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on SPI ENERGY CO. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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