SR Signals BUY On Multiple Charts

The Technical Analysis

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Published: August 29, 2021 at 03:10 PM EDT

Between August 19-27, 2021, Spire Inc stock (SR) achieved a BUY signal on 15 of our proprietary algorithms indicating near-term upward movement for SR. Based on historically similar occurrences, the likelihood of this near-term movement is very high. Although this analysis may be technical, it clearly lays out targets for pending price action for SR. The chart of all potential movement is at the bottom of this article.

Algorithm Version 1

This algorithm determines overbought and oversold conditions based on four criteria occurring at exactly the same time. Each condition is rare to occur by themselves, the frequency of them all occurring at the same time is quite rare. The SAG Gauge discussed below is built into this algorithm and it will occur at the same time this algorithm triggers a BUY or SELL signal.

Algorithm Version 1 BUY - SR 2 Hour Chart Accuracy

This algorithm accurately identifies BUY points for SR on 2 hour charts 78.571% of the time it signals. A successful signal means the equity price moves up at least 0.5% over the next 40 2 Hour bars. When the algorithm properly performs, success is seen at least 9 trading bars after the signal closing price with a median max gain occurring around 26 trading bars after the signal bar. Successful signals see average reversals of 2.738% from the signal bar closing price and median reversals of 2.627%. The equity reverses greater than two percent 64.286% of the time, greater than five percent 0.0% of the time, and moves beyond ten percent 0.0% of occurrences. The signal does not necessarily mean an immediate price reversal will occur. Price reversal is delayed 78.571% of the time. In these instances, the reversals do not obey the signal and begin sizable upward movement for an additional 2 to 10 bars after the triggering signal occurs. This delay can see the equity decline 0.502% to 1.304% beyond the signal closing price of 66.785.

Analysis Based on This Section

Based on the signal closing price of 66.785, the target price is between 68.46 and 68.86 over the next 14 to 29 bars after the signal. However, the equity may first decline toward a price in the range of 65.91 to 66.45 over the first 2 to 10 trading bars.

Algorithm Version 2

This algorithm determines overbought and oversold conditions similar to Version 1. This algorithm contains the same elements as Version 1 plus one more condition. This will signal at the same time as Version 1 and the SAG Gauge. All conditions are rare to occur by themselves, the frequency of them all occurring at the same time is even more rare than Version 1.

Algorithm Version 2 BUY - SR 2 Hour Chart Accuracy

This algorithm accurately identifies BUY points for SR on 2 hour charts 83.333% of the time it signals. A successful signal means the equity price moves up at least 0.5% over the next 40 2 Hour bars. When the algorithm properly performs, success is seen at least 9 trading bars after the signal closing price with a median max gain occurring around 26 trading bars after the signal bar. Successful signals see average reversals of 2.555% from the signal bar closing price and median reversals of 2.627%. The equity reverses greater than two percent 66.667% of the time, greater than five percent 0.0% of the time, and moves beyond ten percent 0.0% of occurrences. The signal does not necessarily mean an immediate price reversal will occur. Price reversal is delayed 83.333% of the time. In these instances, the reversals do not obey the signal and begin sizable upward movement for an additional 5 to 9 bars after the triggering signal occurs. This delay can see the equity decline 0.592% to 1.333% beyond the signal closing price of 66.785.

Analysis Based on This Section

Based on the signal closing price of 66.785, the target price is between 68.52 and 68.87 over the next 26 to 27 bars after the signal. However, the equity may first decline toward a price in the range of 65.89 to 66.39 over the first 5 to 9 trading bars.

Algorithm Version 3

This algorithm determines overbought and oversold conditions similar to Version 2. This algorithm contains the same elements as Version 1 plus an additional condition different from Version 2. This will signal at the same time as Version 1 and the SAG Gauge. All conditions are rare to occur by themselves, the frequency of them all occurring at the same time is even more infrequent than Version 1.

Algorithm Version 3 BUY - SR 2 Hour Chart Accuracy

This algorithm accurately identifies BUY points for SR on 2 hour charts 75.0% of the time it signals. A successful signal means the equity price moves up at least 0.5% over the next 40 2 Hour bars. When the algorithm properly performs, success is seen at least 9 trading bars after the signal closing price with a median max gain occurring around 26 trading bars after the signal bar. Successful signals see average reversals of 2.552% from the signal bar closing price and median reversals of 2.611%. The equity reverses greater than two percent 62.5% of the time, greater than five percent 0.0% of the time, and moves beyond ten percent 0.0% of occurrences. The signal does not necessarily mean an immediate price reversal will occur. Price reversal is delayed 75.0% of the time. In these instances, the reversals do not obey the signal and begin sizable upward movement for an additional 6 to 10 bars after the triggering signal occurs. This delay can see the equity decline 0.696% to 1.319% beyond the signal closing price of 66.785.

Analysis Based on This Section

Based on the signal closing price of 66.785, the target price is between 68.49 and 68.79 over the next 18 to 27 bars after the signal. However, the equity may first decline toward a price in the range of 65.9 to 66.32 over the first 6 to 10 trading bars.

SAG Gauge

This algorithm determines overbought and oversold conditions based on separate conditions all occurring at the same time. There are two buy and sell points for this algorithm. An aggressive signal occurs after a top or bottom is confirmed when technically reading the equity's chart. A conservative signal occurs after a 2-bar confirmation takes place. Aggressive signals can happen without conservative signals. Conservative signals only occur when an aggressive signal also occurs at the same time.

SAG Gauge Aggressive BUY - SR Hourly Chart Accuracy

This algorithm accurately identifies BUY points for SR on hourly charts 94.077% of the time it signals. A successful signal means the equity price moves up at least 0.4% over the next 50 Hourly bars. When the algorithm properly performs, success is seen at least 1 trading bars after the signal closing price with a median max gain occurring around 34 trading bars after the signal bar. Successful signals see average reversals of 3.258% from the signal bar closing price and median reversals of 2.552%. The equity reverses greater than two percent 57.491% of the time, greater than five percent 12.892% of the time, and moves beyond ten percent 2.091% of occurrences. The signal does not necessarily mean an immediate price reversal will occur. Price reversal is delayed 91.638% of the time. In these instances, the reversals do not obey the signal and begin sizable upward movement for an additional 2 to 9 bars after the triggering signal occurs. This delay can see the equity decline 0.377% to 1.331% beyond the signal closing price of 66.87.

Analysis Based on This Section

Based on the signal closing price of 66.87, the target price is between 67.87 and 69.52 over the next 15 to 44 bars after the signal. However, the equity may first decline toward a price in the range of 65.98 to 66.62 over the first 2 to 9 trading bars.

SAG Gauge Aggressive BUY - SR 2 Hour Chart Accuracy

This algorithm accurately identifies BUY points for SR on 2 hour charts 95.033% of the time it signals. A successful signal means the equity price moves up at least 0.5% over the next 40 2 Hour bars. When the algorithm properly performs, success is seen at least 1 trading bars after the signal closing price with a median max gain occurring around 26 trading bars after the signal bar. Successful signals see average reversals of 3.947% from the signal bar closing price and median reversals of 3.152%. The equity reverses greater than two percent 64.238% of the time, greater than five percent 27.815% of the time, and moves beyond ten percent 3.311% of occurrences. The signal does not necessarily mean an immediate price reversal will occur. Price reversal is delayed 91.06% of the time. In these instances, the reversals do not obey the signal and begin sizable upward movement for an additional 2 to 11 bars after the triggering signal occurs. This delay can see the equity decline 0.568% to 2.183% beyond the signal closing price of 66.785.

Analysis Based on This Section

Based on the signal closing price of 66.785, the target price is between 67.92 and 70.31 over the next 13 to 37 bars after the signal. However, the equity may first decline toward a price in the range of 65.33 to 66.41 over the first 2 to 11 trading bars.

SAG Gauge Aggressive BUY - SR 3 Hour Chart Accuracy

This algorithm accurately identifies BUY points for SR on 3 hour charts 85.787% of the time it signals. A successful signal means the equity price moves up at least 0.75% over the next 40 3 Hour bars. When the algorithm properly performs, success is seen at least 1 trading bars after the signal closing price with a median max gain occurring around 27 trading bars after the signal bar. Successful signals see average reversals of 5.125% from the signal bar closing price and median reversals of 4.013%. The equity reverses greater than two percent 73.604% of the time, greater than five percent 33.503% of the time, and moves beyond ten percent 8.122% of occurrences. The signal does not necessarily mean an immediate price reversal will occur. Price reversal is delayed 81.726% of the time. In these instances, the reversals do not obey the signal and begin sizable upward movement for an additional 1 to 10 bars after the triggering signal occurs. This delay can see the equity decline 0.651% to 2.347% beyond the signal closing price of 66.63.

Analysis Based on This Section

Based on the signal closing price of 66.63, the target price is between 68.39 and 70.81 over the next 16 to 35 bars after the signal. However, the equity may first decline toward a price in the range of 65.07 to 66.2 over the first 1 to 10 trading bars.

SAG Gauge Conservative BUY - SR Hourly Chart Accuracy

This algorithm accurately identifies BUY points for SR on hourly charts 91.932% of the time it signals. A successful signal means the equity price moves up at least 0.4% over the next 50 Hourly bars. When the algorithm properly performs, success is seen at least 1 trading bars after the signal closing price with a median max gain occurring around 35 trading bars after the signal bar. Successful signals see average reversals of 3.238% from the signal bar closing price and median reversals of 2.552%. The equity reverses greater than two percent 56.235% of the time, greater than five percent 12.469% of the time, and moves beyond ten percent 2.2% of occurrences. The signal does not necessarily mean an immediate price reversal will occur. Price reversal is delayed 90.22% of the time. In these instances, the reversals do not obey the signal and begin sizable upward movement for an additional 1 to 10 bars after the triggering signal occurs. This delay can see the equity decline 0.361% to 1.353% beyond the signal closing price of 66.87.

Analysis Based on This Section

Based on the signal closing price of 66.87, the target price is between 67.92 and 69.52 over the next 15 to 46 bars after the signal. However, the equity may first decline toward a price in the range of 65.97 to 66.63 over the first 1 to 10 trading bars.

SAG Gauge Conservative BUY - SR 2 Hour Chart Accuracy

This algorithm accurately identifies BUY points for SR on 2 hour charts 93.22% of the time it signals. A successful signal means the equity price moves up at least 0.5% over the next 40 2 Hour bars. When the algorithm properly performs, success is seen at least 1 trading bars after the signal closing price with a median max gain occurring around 27 trading bars after the signal bar. Successful signals see average reversals of 4.01% from the signal bar closing price and median reversals of 3.133%. The equity reverses greater than two percent 64.649% of the time, greater than five percent 27.361% of the time, and moves beyond ten percent 3.632% of occurrences. The signal does not necessarily mean an immediate price reversal will occur. Price reversal is delayed 89.588% of the time. In these instances, the reversals do not obey the signal and begin sizable upward movement for an additional 2 to 11 bars after the triggering signal occurs. This delay can see the equity decline 0.558% to 2.13% beyond the signal closing price of 66.785.

Analysis Based on This Section

Based on the signal closing price of 66.785, the target price is between 67.99 and 70.31 over the next 13 to 37 bars after the signal. However, the equity may first decline toward a price in the range of 65.36 to 66.41 over the first 2 to 11 trading bars.

SAG Gauge Conservative BUY - SR 3 Hour Chart Accuracy

This algorithm accurately identifies BUY points for SR on 3 hour charts 86.62% of the time it signals. A successful signal means the equity price moves up at least 0.75% over the next 40 3 Hour bars. When the algorithm properly performs, success is seen at least 1 trading bars after the signal closing price with a median max gain occurring around 28 trading bars after the signal bar. Successful signals see average reversals of 5.054% from the signal bar closing price and median reversals of 4.041%. The equity reverses greater than two percent 73.239% of the time, greater than five percent 33.451% of the time, and moves beyond ten percent 8.099% of occurrences. The signal does not necessarily mean an immediate price reversal will occur. Price reversal is delayed 82.394% of the time. In these instances, the reversals do not obey the signal and begin sizable upward movement for an additional 2 to 11 bars after the triggering signal occurs. This delay can see the equity decline 0.63% to 2.417% beyond the signal closing price of 66.63.

Analysis Based on This Section

Based on the signal closing price of 66.63, the target price is between 68.29 and 70.9 over the next 16 to 35 bars after the signal. However, the equity may first decline toward a price in the range of 65.02 to 66.21 over the first 2 to 11 trading bars.

Moving Average Convergence Divergence Extrema

This algorithm follows the common moving average convergence divergence (MACD). It signals a BUY when the largest negative divergences begin to reduce. It likewise signals a SELL when the largest positive divergences begin to reduce as well. There are additional factors required for an actual signal to remove false signals.

Moving Average Convergence Divergence Extrema BUY - SR Hourly Chart Accuracy

This algorithm accurately identifies BUY points for SR on hourly charts 89.91% of the time it signals. A successful signal means the equity price moves up at least 0.4% over the next 50 Hourly bars. When the algorithm properly performs, success is seen at least 1 trading bars after the signal closing price with a median max gain occurring around 30 trading bars after the signal bar. Successful signals see average reversals of 2.96% from the signal bar closing price and median reversals of 2.372%. The equity reverses greater than two percent 51.351% of the time, greater than five percent 13.153% of the time, and moves beyond ten percent 1.081% of occurrences. The signal does not necessarily mean an immediate price reversal will occur. Price reversal is delayed 85.946% of the time. In these instances, the reversals do not obey the signal and begin sizable upward movement for an additional 2 to 11 bars after the triggering signal occurs. This delay can see the equity decline 0.371% to 1.494% beyond the signal closing price of 66.475.

Analysis Based on This Section

Based on the signal closing price of 66.475, the target price is between 67.37 and 68.99 over the next 14 to 44 bars after the signal. However, the equity may first decline toward a price in the range of 65.48 to 66.23 over the first 2 to 11 trading bars.

Moving Average Convergence Divergence Extrema BUY - SR 2 Hour Chart Accuracy

This algorithm accurately identifies BUY points for SR on 2 hour charts 91.192% of the time it signals. A successful signal means the equity price moves up at least 0.5% over the next 40 2 Hour bars. When the algorithm properly performs, success is seen at least 1 trading bars after the signal closing price with a median max gain occurring around 26 trading bars after the signal bar. Successful signals see average reversals of 4.031% from the signal bar closing price and median reversals of 3.342%. The equity reverses greater than two percent 64.594% of the time, greater than five percent 25.043% of the time, and moves beyond ten percent 4.318% of occurrences. The signal does not necessarily mean an immediate price reversal will occur. Price reversal is delayed 86.356% of the time. In these instances, the reversals do not obey the signal and begin sizable upward movement for an additional 2 to 10 bars after the triggering signal occurs. This delay can see the equity decline 0.568% to 2.083% beyond the signal closing price of 66.785.

Analysis Based on This Section

Based on the signal closing price of 66.785, the target price is between 68.02 and 70.26 over the next 13 to 37 bars after the signal. However, the equity may first decline toward a price in the range of 65.39 to 66.41 over the first 2 to 10 trading bars.

Moving Average Convergence Divergence Extrema BUY - SR 3 Hour Chart Accuracy

This algorithm accurately identifies BUY points for SR on 3 hour charts 90.824% of the time it signals. A successful signal means the equity price moves up at least 0.75% over the next 40 3 Hour bars. When the algorithm properly performs, success is seen at least 1 trading bars after the signal closing price with a median max gain occurring around 26 trading bars after the signal bar. Successful signals see average reversals of 4.53% from the signal bar closing price and median reversals of 3.843%. The equity reverses greater than two percent 73.176% of the time, greater than five percent 30.824% of the time, and moves beyond ten percent 4.471% of occurrences. The signal does not necessarily mean an immediate price reversal will occur. Price reversal is delayed 87.294% of the time. In these instances, the reversals do not obey the signal and begin sizable upward movement for an additional 2 to 10 bars after the triggering signal occurs. This delay can see the equity decline 0.651% to 2.474% beyond the signal closing price of 66.87.

Analysis Based on This Section

Based on the signal closing price of 66.87, the target price is between 68.38 and 70.66 over the next 13 to 36 bars after the signal. However, the equity may first decline toward a price in the range of 65.22 to 66.43 over the first 2 to 10 trading bars.

Relative Strength Index 3x Extrema

This algorithm follows the common Relative Strength Index with a shorter length. It signals when extreme overbought and oversold conditions occur. This particular algorithm signals rarely but maintains one of the best accuracy levels of all my algorithms.

Relative Strength Index 3x Extrema BUY - SR Hourly Chart Accuracy

This algorithm accurately identifies BUY points for SR on hourly charts 97.436% of the time it signals. A successful signal means the equity price moves up at least 0.4% over the next 50 Hourly bars. When the algorithm properly performs, success is seen at least 2 trading bars after the signal closing price with a median max gain occurring around 37 trading bars after the signal bar. Successful signals see average reversals of 3.354% from the signal bar closing price and median reversals of 3.145%. The equity reverses greater than two percent 66.667% of the time, greater than five percent 17.949% of the time, and moves beyond ten percent 1.282% of occurrences. The signal does not necessarily mean an immediate price reversal will occur. Price reversal is delayed 94.872% of the time. In these instances, the reversals do not obey the signal and begin sizable upward movement for an additional 2 to 10 bars after the triggering signal occurs. This delay can see the equity decline 0.392% to 1.773% beyond the signal closing price of 66.35.

Analysis Based on This Section

Based on the signal closing price of 66.35, the target price is between 67.46 and 69.29 over the next 15 to 45 bars after the signal. However, the equity may first decline toward a price in the range of 65.17 to 66.09 over the first 2 to 10 trading bars.

Relative Strength Index 3x Extrema BUY - SR 2 Hour Chart Accuracy

This algorithm accurately identifies BUY points for SR on 2 hour charts 96.721% of the time it signals. A successful signal means the equity price moves up at least 0.5% over the next 40 2 Hour bars. When the algorithm properly performs, success is seen at least 1 trading bars after the signal closing price with a median max gain occurring around 33 trading bars after the signal bar. Successful signals see average reversals of 5.432% from the signal bar closing price and median reversals of 3.481%. The equity reverses greater than two percent 80.328% of the time, greater than five percent 37.705% of the time, and moves beyond ten percent 6.557% of occurrences. The signal does not necessarily mean an immediate price reversal will occur. Price reversal is delayed 90.164% of the time. In these instances, the reversals do not obey the signal and begin sizable upward movement for an additional 1 to 6 bars after the triggering signal occurs. This delay can see the equity decline 0.317% to 1.708% beyond the signal closing price of 67.76.

Analysis Based on This Section

Based on the signal closing price of 67.76, the target price is between 69.45 and 71.75 over the next 15 to 38 bars after the signal. However, the equity may first decline toward a price in the range of 66.6 to 67.55 over the first 1 to 6 trading bars.

Relative Strength Index 3x Extrema BUY - SR 3 Hour Chart Accuracy

This algorithm accurately identifies BUY points for SR on 3 hour charts 90.0% of the time it signals. A successful signal means the equity price moves up at least 0.75% over the next 40 3 Hour bars. When the algorithm properly performs, success is seen at least 1 trading bars after the signal closing price with a median max gain occurring around 26 trading bars after the signal bar. Successful signals see average reversals of 4.656% from the signal bar closing price and median reversals of 4.208%. The equity reverses greater than two percent 74.0% of the time, greater than five percent 36.0% of the time, and moves beyond ten percent 4.0% of occurrences. The signal does not necessarily mean an immediate price reversal will occur. Price reversal is delayed 84.0% of the time. In these instances, the reversals do not obey the signal and begin sizable upward movement for an additional 1 to 5 bars after the triggering signal occurs. This delay can see the equity decline 0.337% to 1.376% beyond the signal closing price of 69.3.

Analysis Based on This Section

Based on the signal closing price of 69.3, the target price is between 71.08 and 73.53 over the next 12 to 37 bars after the signal. However, the equity may first decline toward a price in the range of 68.35 to 69.07 over the first 1 to 5 trading bars.

BONUS ANALYSIS

Six BUY signals occurred simultaneously on the 2 Hour chart on August 27, 2021. This has occurred five times in the history of this stock and been accurate four time (80%). The stock has moved between 1.003% and 3.432% during these instances with a median move around 2.873% above the signal price. The stock did not always move up immediately after signal as the stock continued lower an additional 0.592% to 1.875% after the BUY signal.

Analysis Based on This Section

Based on the signal closing price of 66.785, the target price is between 68.27 and 68.921 over the next 22 to 30 bars after the signal. However, the equity may first decline toward a price in the range of 65.80 to 66.04 over the first 4 to 12 trading bars.

Summarization of Data

Based on all of the historical datapoints, this analysis has settled on the most likely courses of movement. The red boxes in the image below indicate the likely location of a decline if the signal is not immediately accurate. The green boxes likely hold the extent of signal accuracy. The larger boxes contain all movements aligned with historical data. The smaller box is comprised of the likely half of the median historical data. In this instance, half of the historical data shows the stock may first move down between 65.04 and 66.43. This is the small red box. Likewise, half of the historical target end points finish in the smaller green box. In this instance, the target top is likely between 68.30 and 70.8728.

Chart displaying Reversals and Targets for SR

View this interactive chart on TradingView to see where the stock currently is for this idea.

DISCLOSURE: The algorithms and historical accuracy percentages mentioned in these articles are for reference only. Anything can happen in the future when it comes to market movement. Historical price action is not always indicative of future movement. Just because the signals may have a high degree of accuracy, they can always fail. Traders assume all risk to their assets when investing in short or long-term opportunities.

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