IAM Technical Analysis - ITISSALAT AL-MAGHRIB

Technical Rating and Analysis

Overall IAM gets a technical rating of 8 out of 10. Both in the recent history as in the last year, IAM has proven to be a steady performer, scoring decent points in every aspect analyzed.

Warning: IAM has an average volume of 5860 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

IAM is one of the better performing stocks in the Diversified Telecommunication Services industry, it outperforms 90% of 31 stocks in the same industry.

IAM 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 IAM is performing more or less in line with the market.

Looking at the yearly performance, IAM did better than 94% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

In the last month IAM has a been trading in the 9.70 - 10.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ITISSALAT AL-MAGHRIB / IAM Weekly stock chart

ITISSALAT AL-MAGHRIB / IAM Daily stock chart

Setup Rating and Analysis

IAM has an excellent technical rating, but the quality of the setup is only medium 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

9.53

10.21

When analyzing the support we notice one important area.

A support zone ranging from 9.63 to 9.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 10.05 to 10.11. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	UP	POSITIVE	The long term trend for IAM.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for IAM.PA is up.
ChartMill Relative Strength	94.04	POSITIVE	IAM.PA has a high relative strength, it outperformed 94.04% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of IAM.PA is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of IAM.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of IAM.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	62.98	NEUTRAL	The RSI value for IAM.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests IAM.PA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	28.57	NEUTRAL	The Stochastics value for IAM.PA is a neutral value.
Average True Range in percent/ATR (20)	1.38	LOW VOLATILITY	The low ATR as a percentage value for IAM.PA suggests low volalility.
Average Directional Index/ADX (14)	31.59	POSITIVE	The high ADX value value for IAM.PA suggests a strong trend.