IAMGOLD CORP (IAG) Stock Technical Analysis
NYSE:IAG - New York Stock Exchange, Inc. - CA4509131088 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to IAG. IAG was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month IAG has a been trading in the 6.69 - 7.52 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, IAG did better than 90% of all other stocks. We also observe that the gains produced by IAG over the past year are nicely spread over this period.
IAG is one of the better performing stocks in the Metals & Mining industry, it outperforms 71% of 157 stocks in the same industry.
IAG has an average volume of 15874400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
IAG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IAG is lagging the market slightly.
IAG 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. We notice that large players showed an interest for IAG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.29
7.77
When analyzing the support we can see 3 important areas.
- Support @6.85 from a horizontal line in the weekly time frame.
- A support zone ranging from 6.63 to 6.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.34 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 6.98 to 7.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.38 from a trend line in the daily time frame.
- Resistance @7.50 from a horizontal line in the daily time frame.
- A resistance zone ranging from 7.68 to 7.69. This zone is formed by a combination of multiple trend lines in the daily 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 IAG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IAG is down. |
| ChartMill Relative Strength | 90.62 | POSITIVE | IAG has a high relative strength, it outperformed 90.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IAG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of IAG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IAG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.38 | NEUTRAL | The RSI value for IAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests IAG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.79 | OVERSOLD | The low Stochastics value suggests IAG may be oversold. |
| Average True Range in percent/ATR (20) | 3.9 | MEDIUM VOLATILITY | The ATR as a percentage value for IAG suggests some volalility. |
| Average Directional Index/ADX (14) | 12.24 | NEGATIVE | The low ADX value for IAG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.05 | 6.84 | 0.21 (2.98%) | 25.00% |
| An entry @7.05. This is a Buy Stop order right above the resistance zone. | An exit @6.84. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.21 points, which is 2.98%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.74%. |
- The distance between exit and entry is rather small compared to the average daily movement of IAG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
6.86
+0.1 (+1.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.48%
1 Week-2.42%
2 Weeks-0.58%
1 Month-8.29%
3 Month2.08%
6 Month9.94%
12 Month77.72%
2 Year178.86%
3 Year476.47%
5 Year59.91%
10 Year310.78%
15 Year-63.39%
Volatility
ATR(14)0.25
ATR(20)%3.9%
ATR Inc-25.58%
Range Today0.2
ADR(20)0.24
ADR(20)%3.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.62
Mansfield0.67
10 Day High7.51
10 Day Low6.69
20 Day High7.52
20 Day Low6.69
52 Week High8.38
52 Week Low3.44
CS1 End6.85
CR1 Start6.98
Volume & EV
DER(3)4.49%
DER(5)4.5%
Volume13.18M
Volume Incr-15.45%
Vol(5)11.26M
Vol(50)15.87M