Technical Analysis for SSPK - Silver Spike Acquisition Corp. - WeedMaps

Grade Last Price % Change Price Change
F 14.76 5.58% 0.78
SSPK closed up 5.58 percent on Friday, May 14, 2021, on 32 percent of normal volume. Its advance stalled at its 200 day moving average, an important long-term support / resistance line.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Flat Down Down
Historical SSPK trend table...

Date Alert Name Type % Chg
200 DMA Resistance Bearish 0.00%
New Downtrend Bearish 0.00%
Slingshot Bearish Bearish Swing Setup 0.00%
Bullish Engulfing Bullish 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Hammer Candlestick Bullish 5.58%
Lower Bollinger Band Walk Weakness 5.58%
Below Lower BB Weakness 5.58%
Lower Bollinger Band Touch Weakness 5.58%
Older End-of-Day Signals for SSPK ...

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Profile

Silver Spike Acquisition Corp. - WeedMaps Description

Silver Spike Acquisition Corp. is a blank check company. The firm has not commenced any operations. It intends to focus on businesses in the cannabis industry. The company was founded by Scott Gordon on June 7, 2019 and is headquartered in New York, NY. -- WM Holding’s mission is to power a transparent and inclusive global cannabis economy. Now in its second decade, WMH has been a driving force behind much of the legislative change we’ve seen in the past 10 years. WM Holding Company, LLC (“WM Holding” or “WMH” or “the Company”), parent company of Weedmaps and its WM Business SaaS offering, is the leading technology and software infrastructure provider to the cannabis industry. Founded in 2008, WMH is the leading two-sided marketplace and SaaS provider to the cannabis industry, comprising the Company’s B2C marketplace, Weedmaps, and its B2B software, WM Business. The Company’s cloud-based SaaS solutions provide an end-to-end operating system for cannabis retailers. These tools support compliance with the complex, disparate and constantly evolving regulations applicable to the cannabis industry. Underlying this compliance functionality is a proprietary and sophisticated rules engine that is a core underpinning of the WM Business SaaS platform. Through its website and mobile apps, WM Holding provides consumers with the latest information, data and availability of cannabis products, facilitating product discovery and driving sales for our customers. The Company holds a strong belief in the power of cannabis and the importance of enabling safe, legal access to consumers worldwide. Since inception, WMH has worked tirelessly, not only to be the most comprehensive platform for consumers, but to build the software solutions that power businesses compliantly in the space, to advocate for legalization, social equity, and licensing in many jurisdictions, and to facilitate further learning through partnering with dozens of subject matter experts on providing detailed, accurate information about the plant.


Classification

Sector: Industrials
Industry: Conglomerates
Keywords: Computing Software Software As A Service Software Solutions CNBC SPAC 50 Operating System Business To Business Saa S Cannabis Products Saa S Solutions Software Infrastructure

Is SSPK a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 29.5
52 Week Low 9.89
Average Volume 397,777
200-Day Moving Average 14.77
50-Day Moving Average 18.21
20-Day Moving Average 16.47
10-Day Moving Average 15.75
Average True Range 1.34
ADX 26.57
+DI 9.98
-DI 32.64
Chandelier Exit (Long, 3 ATRs ) 15.47
Chandelier Exit (Short, 3 ATRs ) 16.91
Upper Bollinger Band 18.77
Lower Bollinger Band 14.16
Percent B (%b) 0.13
BandWidth 27.95
MACD Line -1.09
MACD Signal Line -0.90
MACD Histogram -0.1906
Fundamentals Value
Market Cap 369 Million
Num Shares 25 Million
EPS -99999.99
Price-to-Earnings (P/E) Ratio 0.00
Price-to-Sales 0.00
Price-to-Book 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 16.39
Resistance 3 (R3) 16.24 15.53 16.12
Resistance 2 (R2) 15.53 15.12 15.61 16.03
Resistance 1 (R1) 15.15 14.86 15.34 15.30 15.94
Pivot Point 14.44 14.44 14.54 14.52 14.44
Support 1 (S1) 14.06 14.03 14.25 14.22 13.58
Support 2 (S2) 13.35 13.77 13.43 13.49
Support 3 (S3) 12.97 13.35 13.40
Support 4 (S4) 13.13