IAMGOLD CORP (IAG) Technical Analysis
NYSE:IAG • CA4509131088
Current stock price
IAG Technical Rating and Analysis
Taking everything into account, IAG scores 5 out of 10 in our technical rating. Although IAG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month IAG has a been trading in the 16.75 - 20.82 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- When comparing the yearly performance of all stocks, we notice that IAG is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by IAG over the past year are nicely spread over this period.
- IAG is part of the Metals & Mining industry. There are 163 other stocks in this industry. IAG outperforms 74% of them.
- IAG has an average volume of 7827950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- IAG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IAG is lagging the market.
IAG Weekly and Daily overview Charts
IAG Setup Rating and Analysis
IAG has an average technical rating and it also 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
IAG Support and Resistance Analysis
9.23
3 important support areas can be observed.
- Support @16.96 from a trend line in the daily time frame.
- A support zone ranging from 16.07 to 16.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.32 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 17.34 to 17.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 18.81 to 19.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.86 from a trend line in the daily time frame.
IAG Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for IAG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IAG is down. |
| ChartMill Relative Strength | 92.44 | POSITIVE | IAG has a high relative strength, it outperformed 92.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IAG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IAG is below a declining 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) | 39.67 | NEUTRAL | The RSI value for IAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests IAG has a negative trend. |
| Stochastics (14,3) | 10.56 | OVERSOLD | The low Stochastics value suggests IAG may be oversold. |
| Average True Range in percent/ATR (20) | 5.79 | HIGH VOLATILITY | The high ATR as a percentage value for IAG suggests high volalility. |
| Average Directional Index/ADX (14) | 19.41 | NEGATIVE | The low ADX value for IAG suggests a weak or negative trend. |
IAG Chart- and CandleStick Pattern Analysis
IAG Technicals: Chart, Performance Metrics, Trend & Indicators
17.33
+0.5 (+2.97%)
IAMGOLD CORP / IAG TA FAQ
What is the technical rating for IAG stock?
ChartMill assigns a technical rating of 5 / 10 to IAG.
What is the current trend direction of IAMGOLD CORP (IAG) stock?
The current trend direction for IAMGOLD CORP (IAG) is Bearish.
Can you provide the RSI signal for IAMGOLD CORP?
IAMGOLD CORP (IAG) has an RSI value of 39.6698. This indicates that the stock is currently neutral.
Can you provide the MACD signal for IAMGOLD CORP?
The MACD indicator for IAMGOLD CORP (IAG) has a value of -0.166129, indicating a bearish trend.
What is the short term momentum for IAG stock?
The short term momentum for IAMGOLD CORP (IAG) is negative.