IQ REAL RETURN ETF (CPI) Stock Technical Analysis
USA - NYSEARCA:CPI - US45409B6020 - ETF
We assign a technical rating of 5 out of 10 to CPI. CPI has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
CPI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 25.60, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
23.67
We found 2 important support areas.
- A support zone ranging from 24.62 to 25.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.91 to 23.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 25.78 to 25.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.54 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CPI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CPI is up. |
| ChartMill Relative Strength | 36.76 | NEUTRAL | CPI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CPI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CPI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CPI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.12 | NEUTRAL | The RSI value for CPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CPI has a negative trend. |
| Stochastics (14,3) | 58.99 | NEUTRAL | The Stochastics value for CPI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.3 | LOW VOLATILITY | The low ATR as a percentage value for CPI suggests low volalility. |
| Average Directional Index/ADX (14) | 21.27 | NEUTRAL | The ADX value for CPI suggests a possible start of a new trend. |
NYSEARCA:CPI (12/12/2023, 8:04:03 PM)
25.6047
0 (-0.02%)
IQ REAL RETURN ETF / CPI FAQ
Can you provide the ChartMill technical rating for IQ REAL RETURN ETF?
ChartMill assigns a technical rating of 5 / 10 to CPI.
What is the trend direction for CPI stock?
The current trend direction for IQ REAL RETURN ETF (CPI) is Bullish.
Can you provide the RSI signal for IQ REAL RETURN ETF?
IQ REAL RETURN ETF (CPI) has an RSI value of 60.1162. This indicates that the stock is currently neutral.
Can you provide the short term momentum for IQ REAL RETURN ETF?
The short term momentum for IQ REAL RETURN ETF (CPI) is positive.
Can you provide the support and resistance levels for IQ REAL RETURN ETF?
IQ REAL RETURN ETF (CPI) has a support level at 25.6 and a resistance level at 25.78. Check the full technical report for our detailed analysis of CPI support and resistance levels.