IAMGOLD CORP (IAG) Stock Technical Analysis
USA - NYSE:IAG - CA4509131088 - Common Stock
We assign a technical rating of 8 out of 10 to IAG. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although IAG has an excellent technical rating, it does not present a decent entry opportunity 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.
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7.32
4 important support areas can be observed.
- A support zone ranging from 10.95 to 10.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.77 to 7.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.55 from a trend line in the daily time frame.
- Support @7.39 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.63 to 11.72. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 95.15 | POSITIVE | IAG has a high relative strength, it outperformed 95.15% 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) | 37.37 | NEUTRAL | The RSI value for IAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests IAG has a negative trend. |
| Stochastics (14,3) | 12.08 | OVERSOLD | The low Stochastics value suggests IAG may be oversold. |
| Average True Range in percent/ATR (20) | 6.18 | HIGH VOLATILITY | The high ATR as a percentage value for IAG suggests high volalility. |
| Average Directional Index/ADX (14) | 31.2 | POSITIVE | The high ADX value value for IAG suggests a strong trend. |
10.96
-0.57 (-4.94%)
IAMGOLD CORP / IAG FAQ
What is the technical rating for IAG stock?
ChartMill assigns a technical rating of 8 / 10 to IAG.
What is the trend direction for 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 37.3663. This indicates that the stock is currently neutral.
What is the short term momentum for IAG stock?
The short term momentum for IAMGOLD CORP (IAG) is negative.
What is the buy/sell signal for IAMGOLD CORP (IAG) stock?
The buy/sell signal for IAMGOLD CORP (IAG) is hold as the short term and long term trends are mixed.