Technical Analysis: Spear Alpha ETF Consolidation Signals Next Break Ahead Of Top Holdings' Quarterly Earnings
Technical Analysis: Spear Alpha ETF Consolidation Signals Next Break Ahead Of Top Holdings' Quarterly Earnings
Spear Alpha ETF (NASDAQ:SPRX) was trading flat on Tuesday, continuing to trade sideways within a tight range between about $22 and $22.90 on decreasing volume.
Spear Alpha ETF（纳斯达克股票代码：SPRX）周二交易持平，由于交易量减少，继续在约22美元至22.90美元之间的窄幅区间内横盘整理。
The actively managed fund provides exposure to various stocks falling under the themes of enterprise digitalization, automation and robotics, artificial intelligence (AI), environmental focus and decarbonization, photonics and additive manufacturing and space exploration. While SPRX has been trading horizontally, several of its holdings are set to print quarterly financial results over the coming weeks, which could break the ETF from the sideways pattern.
该积极管理的基金提供以企业数字化、自动化和机器人技术、人工智能（AI）、环境聚焦和脱碳、光子学和增材制造以及太空探索为主题的各种股票敞口。尽管SPRX一直在横向交易，但其几只持股将在未来几周内公布季度财务业绩，这可能会打破ETF的横盘格局。
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Snowflake, Inc (NYSE:SNOW), weighted at 7.36%, is set to print its earnings on May 22. On May 30, the top two holdings within SPRX, NVIDIA Corporation (NASDAQ:NVDA) and Zscsaler, Inc (NASDAQ:ZS), will print their quarterly financials. The stocks are weighted at 11.04% and 9.48%, respectively.
加权为7.36％的Snowflake, Inc（纽约证券交易所代码：SNOW）定于5月22日公布财报。5月30日，SPRX持股量最大的两家公司——英伟达公司（纳斯达克股票代码：NVDA）和Zscaler, Inc（纳斯达克股票代码：ZS）将公布其季度财务状况。这些股票的权重分别为11.04％和9.48％。
For investors, particularly those who believe in the power of diversification, SPRX holds many other popular stocks, including Advanced Micro Devices, Inc (NASDAQ:AMD), weighted at 8.36%, SentinelOne, Inc (NYSE:S), weighted at 6.02% and Shopify, Inc (NYSE:SHOP), weighted at 5.54%. While AMD and Shopify have already printed their earnings reports, SentinelOne will print its results on May 30.
对于投资者，尤其是那些相信多元化力量的投资者来说，SPRX持有许多其他受欢迎的股票，包括加权为8.36％的先进微设备公司（纳斯达克股票代码：AMD）、加权为6.02％的SentineLone, Inc（纽约证券交易所代码：S）和Shopify, Inc（纽约证券交易所代码：SHOP），权重为5.54％。尽管AMD和Shopify已经公布了收益报告，但SentineLone将在5月30日公布其业绩。
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The SPRX Chart: SPRX has been trading sideways since May 3 but since April 22, the ETF has been trading in a rising channel pattern on the daily chart. The pattern is considered to be bullish until a stock or ETF breaks down from the lower ascending trend line of the formation on higher-than-average volume.
SPRX图表：自5月3日以来，SPRX一直在横盘整理，但自4月22日以来，该ETF在日线图上一直处于上升通道模式。在股票或ETF因交易量高于平均水平而从形态较低的上升趋势线跌破之前，该模式被认为是看涨的。
- On Tuesday, SPRX tested the lower trend line of the pattern and bounced up from the area to regain the eight-day and 21-day exponential moving averages, which is bullish for the short term. If SPRX continues to respect the rising channel pattern and moves north over the next few trading days, the ETF will regain the 50-day simple moving average, which would be bullish for the longer term.
- Bulls want to see bullish momentum continue, which is indicated by the rising relative strength index making a series of higher highs and higher lows. Bears want to see big bearish volume come in and knock SPRX down from the channel pattern, which could cause a longer-term downtrend to occur.
- SPRX has resistance above at $22.78 and at $23.50 and support below at $21.86 and at $20.81.
- 周二，SPRX测试了该模式的下跌趋势线，并从该区域反弹，收复了短期看涨的八天和21天指数移动平均线。如果SPRX继续尊重上涨的通道模式并在接下来的几个交易日内向北移动，则ETF将重新获得50天简单移动平均线，从长远来看，这将是看涨的。
- 多头希望看到看涨势头继续，相对强度指数的上升创造了一系列更高的高点和更高的低点，这表明了这一点。空头希望看到大量的看跌交易量涌入，并使SPRX脱离通道模式，这可能会导致长期下跌趋势出现。
- SPRX的阻力位高于22.78美元和23.50美元，支撑位下方为21.86美元和20.81美元。
Image sourced from Shutterstock
图片来自 Shutterstock