IAMGOLD CORP (IAG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IAG - CA4509131088 - Common Stock
Taking everything into account, IAG scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IAG is showing a nice and steady performance.
- 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 97% of all 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 80% of 157 stocks in the same industry.
- A new 52 week high is currently being made by IAG, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month IAG has a been trading in the 15.47 - 18.25 range, which is quite wide. It is currently trading near the high of this range.
- IAG has an average volume of 8091940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, IAG also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 17.14, a Stop Loss order could be placed below this zone.
More info and screens
13.74
4 important support areas can be observed.
- A support zone ranging from 16.82 to 17.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 16.22 to 16.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.57 from a trend line in the weekly time frame.
- Support @13.88 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 17.61 to 17.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 97.87 | POSITIVE | IAG has a high relative strength, it outperformed 97.87% 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) | 62.18 | NEUTRAL | The RSI value for IAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests IAG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 74.9 | NEUTRAL | The Stochastics value for IAG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.17 | MEDIUM VOLATILITY | The ATR as a percentage value for IAG suggests some volalility. |
| Average Directional Index/ADX (14) | 23.44 | NEUTRAL | The ADX value for IAG suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 17.81 | 16.81 | 1.00 (5.61%) | 17.81% |
| An entry @17.81. This is a Buy Stop order right above the resistance zone. | An exit @16.81. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.00 points, which is 5.61%. | When investing 17.81% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
17.42
-0.38 (-2.13%)
IAMGOLD CORP / IAG FAQ
What is the technical rating for IAG stock?
ChartMill assigns a technical rating of 10 / 10 to IAG.
What is the current trend direction of IAMGOLD CORP (IAG) stock?
The current trend direction for IAMGOLD CORP (IAG) is Bullish.
What is the RSI signal for IAMGOLD CORP (IAG) stock?
IAMGOLD CORP (IAG) has an RSI value of 62.1759. This indicates that the stock is currently neutral.
What is the buy/sell signal for IAMGOLD CORP (IAG) stock?
The buy/sell signal for IAMGOLD CORP (IAG) is buy as both the short term and long term trends are positive.
What is the support and resistance level for IAG stock?
IAMGOLD CORP (IAG) has a support level at 17.14 and a resistance level at 17.61. Check the full technical report for our detailed analysis of IAG support and resistance levels.