Spire Inc

SR is in an early Stage 1 consolidation following a downtrend, with an initial F (follow-through) candle and a Momentum Breakout at resistance suggesting renewed demand. A Lockout Rally remains active, indicating institutional-driven continuation and justifying participation despite price extension. Medium-term bias is bullish toward a potential Stage 2 transition if resistance holds. Risks include failure to sustain above the 9/21 EMAs and mid-July distribution signaling.

• ↑Adjusted EPS rose 18.6% YoY to $3.76 despite weather headwinds
• ↑Piedmont Natural Gas deal strengthens regulated footprint and scale
• ↓Heating degree days 11.5% below normal cut gas usage and margins