Spectrum Brands shares from the “Household Products” segment have a price of USD 64.95 on the New York stock exchange on January 28, 2023, 09:45 a.m.
We analyzed the prospects for Spectrum Brands based on 8 major categories. The stock receives a partial rating for each category. In an overall view, the results lead to the classification as “Buy”, “Hold” or “Sell”.
1. Technical analysis: Trend-following indicators are intended to show whether a security is currently in an up or down trend (see Wikipedia). The moving average is one such indicator, we are looking at the 50 and 200 day moving averages here. First, let’s take a look at the longer-term average over the last 200 trading days. For Spectrum Brands shares, this is currently USD 65.76. The last closing price (USD 64.95) is at a similar level (-1.23 percent deviation in comparison). On this basis, Spectrum Brands receives a “Hold” rating. Now looking at the shorter-term 50-day moving average: For this value ($59), the most recent close is above the moving average (+10.08 percent). This results in a different rating for Spectrum Brands stock, namely a “buy” rating. Overall, Spectrum Brands is given a “buy” rating based on trend-following indicators.
2. Relative Strength Index: A prominent signal in technical analysis, the Relative Strength Index, RSI, correlates the ups and downs of price movements over an exemplary 7-day period. Values between 0 and 30 are considered “oversold”, values between 70 and 100 are considered “overbought” and values in between are considered neutral. The Spectrum Brands RSI has a Buy rating at the 26.78 level. The 25-day RSI25 at 37.4 is indicative of a hold view at this level. This puts the overall rating on “Buy”.
3. Dividend: Spectrum Brands currently pays out lower dividends than the average for the household products industry. The difference is 2038.9 percentage points (2.62% vs. 2041.52%). Because of this large difference, the stock’s dividend policy earns a Sell rating.
Should Spectrum Brands Investors Sell Immediately? Or is it worth getting started?
How will Spectrum Brands develop now? Is an entry worthwhile or should investors rather sell? Find out the answers to these questions and why you need to act now in the latest Spectrum Brands analysis.