SPS Commerce Inc

SPSC is in a Stage 2 uptrend, with higher highs and lows confirmed by bullish moving average alignment and volume-supported breakouts. Price is consolidating near recent highs while tightly tracking above the 20-day EMA, enabling favorable pullback entries. The structural shift after recapturing the 200-day SMA and forming a clear bottom signals a resumed long-term uptrend. However, RSI nearing overbought and stretched valuation warn of potential pullbacks around resistance, suggesting entries closer to the 20-day EMA for optimal risk management.

• ↑Q2 revenue $197.8M (+6% YoY) with Q3 guidance $196.3–198.3M reflects strong retention and upsell
• ↑Recurring subscription revenue grew 6% YoY, highlighting stable demand for SaaS model
• ↓Customer spend scrutiny amid macro uncertainties could delay deals and pressure revenue growth