INDUSTRIAS BACHOCO SAB SP AD (IBA) Technical Analysis
NYSE:IBA • US4564631087
Current stock price
IBA Technical Rating and Analysis
Overall IBA gets a technical rating of 5 out of 10. Although IBA 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 IBA has a been trading in the 51.45 - 66.25 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.
- Warning: IBA has an average volume of 7542 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Looking at the yearly performance, IBA did better than 88% of all other stocks. On top of that, IBA also shows a nice and consistent pattern of rising prices.
- IBA is part of the Food Products industry. There are 87 other stocks in this industry. IBA outperforms 87% of them.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- IBA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IBA is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
IBA Weekly and Daily overview Charts
IBA Setup Rating and Analysis
IBA 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
IBA Support and Resistance Analysis
52.46
When analyzing the support we notice one important area.
- A support zone ranging from 52.99 to 52.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 53.01 to 53.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
IBA 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 IBA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IBA is down. |
| ChartMill Relative Strength | 88.33 | POSITIVE | IBA has a high relative strength, it outperformed 88.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IBA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of IBA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IBA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.36 | NEUTRAL | The RSI value for IBA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.28 | NEGATIVE | The MACD value suggests IBA has a negative trend. |
| Stochastics (14,3) | 4.82 | OVERSOLD | The low Stochastics value suggests IBA may be oversold. |
| Average True Range in percent/ATR (20) | 4.41 | MEDIUM VOLATILITY | The ATR as a percentage value for IBA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.48 | NEUTRAL | The ADX value for IBA suggests a possible start of a new trend. |
IBA Chart- and CandleStick Pattern Analysis
IBA Technicals: Chart, Performance Metrics, Trend & Indicators
53
-0.98 (-1.82%)
INDUSTRIAS BACHOCO SAB SP AD / IBA TA FAQ
What is the ChartMill technical rating of INDUSTRIAS BACHOCO SAB SP AD (IBA) stock?
ChartMill assigns a technical rating of 4 / 10 to IBA.
What is the trend direction for IBA stock?
The current trend direction for INDUSTRIAS BACHOCO SAB SP AD (IBA) is Bearish.
Can you provide the RSI signal for INDUSTRIAS BACHOCO SAB SP AD?
INDUSTRIAS BACHOCO SAB SP AD (IBA) has an RSI value of 32.3608. This indicates that the stock is currently neutral.
What is the short term momentum for IBA stock?
The short term momentum for INDUSTRIAS BACHOCO SAB SP AD (IBA) is negative.
What are the support and resistance levels for INDUSTRIAS BACHOCO SAB SP AD (IBA) stock?
INDUSTRIAS BACHOCO SAB SP AD (IBA) has a support level at 52.99 and a resistance level at 53.01. Check the full technical report for our detailed analysis of IBA support and resistance levels.