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.
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.
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.
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.
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%)
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