IAMGOLD CORP (IAG) Stock Technical Analysis
NYSE:IAG - New York Stock Exchange, Inc. - CA4509131088 - Common Stock - Currency: USD
Taking everything into account, IAG scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, IAG has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that IAG is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, IAG also shows a nice and consistent pattern of rising prices.
IAG is part of the Metals & Mining industry. There are 155 other stocks in this industry. IAG outperforms 86% of them.
IAG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so IAG is performing more or less in line with the market.
In the last month IAG has a been trading in the 6.06 - 7.87 range, which is quite wide. It is currently trading near the high of this range.
IAG has an average volume of 17196000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
IAG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
5.03
7.71
We found 6 important support areas.
- A support zone ranging from 7.61 to 7.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.43 to 7.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @7.23 from a horizontal line in the daily time frame.
- A support zone ranging from 6.58 to 6.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.25 from a trend line in the weekly time frame.
- Support @5.08 from a horizontal line 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 | UP | POSITIVE | The short term trend for IAG is up. |
| ChartMill Relative Strength | 96.41 | POSITIVE | IAG has a high relative strength, it outperformed 96.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IAG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IAG is above 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) | 61.4 | NEUTRAL | The RSI value for IAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests IAG has a positive trend. |
| Stochastics (14,3) | 73.96 | NEUTRAL | The Stochastics value for IAG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.82 | MEDIUM VOLATILITY | The ATR as a percentage value for IAG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.9 | NEUTRAL | The ADX value for IAG suggests a possible start of a new 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 |
|---|---|---|---|
| 7.88 | 7.60 | 0.28 (3.55%) | 25.00% |
| An entry @7.88. This is a Buy Stop order right above the 10 day high. | An exit @7.60. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.28 points, which is 3.55%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.89%. |
- 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.
7.63
+0.09 (+1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.19%
1 Week2.55%
2 Weeks11.22%
1 Month21.89%
3 Month29.54%
6 Month42.88%
12 Month110.77%
2 Year190.11%
3 Year373.91%
5 Year93.16%
10 Year281.5%
15 Year-56.84%
Volatility
ATR(14)0.32
ATR(20)%3.82%
ATR Inc-7.5%
Range Today0.3
ADR(20)0.27
ADR(20)%3.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.41
Mansfield3.09
10 Day High7.87
10 Day Low7.02
20 Day High7.87
20 Day Low6.06
52 Week High8.38
52 Week Low3.44
CS1 End7.62
CR1 StartN/A
Volume & EV
DER(3)1.65%
DER(5)1.81%
Volume17.79M
Volume Incr7.54%
Vol(5)18.38M
Vol(50)17.20M