Sparx Technology Inc V.SPRX

Primary Symbol: V.SPRX.H Alternate Symbol(s): STCXF

Technology Software - Application

Sparx Technology Inc. is a Canada-based interactive media technology company whose principal activities are providing media companies and sports teams with technologies to engage audiences. The Company is engaged in the development and distribution of their real-time platform that helps their clients engage their viewers and connect them to live content. Its users can connect to the Sparx platform and interact simultaneously on their mobile phone, tablet or computer in real time. The Company’s products include broadcast and app integration, video on demand, and Sparx Studio. Its broadcast and app integration product helps news, sports and entertainment brands incorporate interaction into their programming through a second screen. Its video on demand product provides scheduling on streaming platforms and creates gamification for audiences. Its Sparx Studio platform helps to improve content engagement across virtual events of all kinds, including corporate and educational settings.

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Sparx Technology Inc

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Post by yukon_goldon May 20, 2022 9:33am

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Post# 34697916

Sparx Technology Inc forms bullish "MACD" chart pattern

Sparx Technology Inc forms bullish "MACD" chart pattern
May 19, 2022

Trading Central has detected a "MACD" chart pattern formed on Sparx Technology Inc (SPRX:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.14.

The MACD (Moving Average Convergence Divergence) plots the difference between a shorter-term (12-bar) and a longer-term (26-bar) exponential moving average (EMA). Bullish and bearish events are generated respectively as the MACD fluctuates above and below zero to indicate whether prices in the shorter term are stronger or weaker than the longer term average.

A 9-period EMA of the MACD is overlayed as a "signal line" which smooths out the MACD to provide a clearer view of whether it's moving upward or downward. A bullish event is generated when the MACD crosses above the signal line, showing that the current MACD is actually higher than its average, a sign of increasing strength for the price. The opposite is true for bearish events which signal decreasing strength in price as the MACD crosses below the signal line showing that it's now below average.

This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.