IAMGOLD CORP (IAG) Stock Technical Analysis
NYSE:IAG - CA4509131088 - Common Stock
8.83 USD
+0.06 (+0.68%)
8.81 USD
-0.02 (-0.23%)
We assign a technical rating of 10 out of 10 to IAG. 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that IAG is one of the better performing stocks in the market, outperforming 93% 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 71% of 155 stocks in the same industry.
IAG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month IAG has a been trading in the 6.69 - 8.87 range, which is quite wide. It is currently trading near the high of this range.
IAG has an average volume of 13620000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although IAG has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
6.78
8.92
When analyzing the support we can see 4 important areas.
- A support zone ranging from 8.27 to 8.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @7.95 from a horizontal line in the daily time frame.
- A support zone ranging from 7.04 to 7.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.85 from a trend 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 IAG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IAG is up. |
| ChartMill Relative Strength | 93.05 | POSITIVE | IAG has a high relative strength, it outperformed 93.05% 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) | 70.95 | OVERBOUGHT | The high RSI value suggests IAG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests IAG has a positive trend. |
| Stochastics (14,3) | 95.15 | OVERBOUGHT | The high Stochastics value suggests IAG may be overbought. |
| Average True Range in percent/ATR (20) | 3.84 | MEDIUM VOLATILITY | The ATR as a percentage value for IAG suggests some volalility. |
| Average Directional Index/ADX (14) | 24.89 | 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)
8.83
+0.06 (+0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.68%
1 Week6.77%
2 Weeks16.95%
1 Month27.6%
3 Month28.72%
6 Month59.96%
12 Month78.74%
2 Year258.94%
3 Year642.02%
5 Year105.83%
10 Year428.74%
15 Year-52.88%
Volatility
ATR(14)0.37
ATR(20)%3.84%
ATR Inc-9.54%
Range Today0.11
ADR(20)0.33
ADR(20)%3.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.05
Mansfield2.9
10 Day High8.87
10 Day Low7.55
20 Day High8.87
20 Day Low6.69
52 Week High8.87
52 Week Low4.44
CS1 End8.31
CR1 StartN/A
Volume & EV
DER(3)8.18%
DER(5)7.76%
Volume6.14M
Volume Incr-28.46%
Vol(5)9.86M
Vol(50)13.62M