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Stock Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Sound Point Meridian Capital, Inc. 8.00% Series A Preferred Shares Due 2029 (NYSE:SPMA)
Bear Market Rally (-75) - SPMA is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPMA as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SPMA?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPMA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SPMA
The long-term trend has been DOWN since Dec 19th, 2024 at 24.6044
The intermediate-term trend has been DOWN since Dec 18th, 2024 at 24.7500
The short-term trend has been DOWN since Jan 14th, 2025 at 24.9600
Smart Scan Analysis for SPMA
Based on our trend formula, SPMA is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 24.9500 | 25.0800 | 24.9300 | 24.9705 | +0.0755 |
| Prev. Close | Volume | Bid | Ask | Time |
| 24.9700 | 8093 | 2025-01-17 14:33:12 |
| 52wk High | 25.1 | 52wk High Date | 2024-12-11 |
| 52wk Low | 24.45 | 52wk Low Date | 2024-12-19 |
| Average Volume | 7,258 |