News Image

Will INTERACTIVE BROKERS GRO-CL A breakout?

By Mill Chart

Last update: Nov 30, 2022

Our stock screener has spotted INTERACTIVE BROKERS GRO-CL A (NASDAQ:IBKR) as a possible breakout candidate. A technical breakout setup pattern occurs when the stock is consolidating after a nice uptrend. Whether the actual breakout occurs remains to be seen of course, but it may be interesting to keep an eye on NASDAQ:IBKR.

IBKR Daily chart on 2022-11-30

Zooming in on the technicals.

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 7 out of 10 to IBKR. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IBKR is only an average performer.

  • Both the short term and long term trends are positive. This is a very positive sign.
  • IBKR is part of the Capital Markets industry. There are 198 other stocks in this industry. IBKR outperforms 96% of them.
  • IBKR is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so IBKR slightly outperforms the market at the moment.
  • In the last month IBKR has a been trading in the 72.44 - 81.46 range, which is quite wide. It is currently trading near the high of this range.
  • When comparing the yearly performance of all stocks, we notice that IBKR is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this relatively good performance is mostly due to a recent big move.
  • Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Why is NASDAQ:IBKR a setup?

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NASDAQ:IBKR currently has a 9 as setup rating:

Besides having an excellent technical rating, IBKR also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 80.0. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 77.63, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IBKR in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.

Trading breakout setups.

A breakout could materialize when the stock breaks out to new highs above the current consolidation zone. One could wait for this to happen and buy when this happens. A stop loss could be placed below the consolidation zone.

This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.

Our Breakout analyzer lists more breakout setups and is updated daily.

Back

INTERACTIVE BROKERS GRO-CL A

NASDAQ:IBKR (3/28/2024, 8:16:36 PM)

After market: 111.4 -0.31 (-0.28%)

111.71

+0.28 (+0.25%)

IBKR News

News Image3 days ago - Yahoo FinanceReddit ignites meme stock resurgence, further signs of 'bull market in everything'

Reddit's stock surge is the latest sign that investors' risk appetite hasn't peaked.

News Image3 days ago - Interactive Brokers Group, Inc.Interactive Brokers Group to Host First Quarter Earnings Conference Call
News Image7 days ago - Investor's Business DailyCharles Schwab Stock Becomes One To Watch With RS Rating Jump

The Relative Strength (RS) Rating for Charles Schwab stock entered a new percentile Friday, with a rise from 76 to 81.

News Image8 days ago - InvestorPlaceHot Stuff: The 3 Best Opportunities for Investing in Crypto

Unlock the potential of crypto without direct coin ownership. These crypto stocks offer a unique blend of growth, leverage and innovation.

News Image14 days ago - AB NewswirePush Button Trading’s Strategic Leap: Transitioning From MetaTrader 5 to NinjaTrader 8 With Their Revolutionary 2.0 Technology
News Image17 days ago - The Motley Fool3 Top Finance Stocks to Buy in March

Consider these stellar long-term performers if you're looking for stocks in the new bull market.

News Image25 days ago - Zacks Investment ResearchInteractive Brokers (IBKR) Reports a Rise in February DARTs

Interactive Brokers (IBKR) witnesses an increase in total client DARTs in February 2024.

News Imagea month ago - Interactive Brokers Group, Inc.Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for February 2024, includes Reg.-NMS Execution Statistics
News Imagea month ago - Interactive Brokers Group, Inc.Interactive Brokers Unveils Next-Generation Trading Platform: IBKR Desktop
News Imagea month ago - Market News VideoNoteworthy Tuesday Option Activity: IBKR, TREE, PTLO
News Imagea month ago - InvestorPlace3 Zero-Debt Stocks to Buy for Stability and Growth

Some believe the U.S. government needs to get its debt situation in order. These zero-debt stocks have already done so.

IBKR Links
Follow us for more