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Stock Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Sound Point Meridian Capital, Inc. 8.00% Series A Preferred Shares Due 2029 (NYSE:SPMA)
Long-Term Downtrend (-90) - SPMA is in a strong downtrend that is likely to continue. While SPMA is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Nov 12th, 2024 at 24.86
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 24.86
The short-term trend has been DOWN since Nov 19th, 2024 at 24.73
Smart Scan Analysis for SPMA
Based on our trend formula, SPMA is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 24.770 | 24.800 | 24.710 | 24.775 | +0.065 |
| Prev. Close | Volume | Bid | Ask | Time |
| 24.710 | 2462 | 2024-11-21 10:28:02 |
| 52wk High | 24.99 | 52wk High Date | 2024-11-12 |
| 52wk Low | 24.6044 | 52wk Low Date | 2024-11-13 |
| Average Volume | 56,226 |