INDUSTRIAS BACHOCO SAB SP AD (IBA) Stock Technical Analysis
NYSE:IBA - New York Stock Exchange, Inc. - US4564631087 - ADR - Currency: USD
We assign a technical rating of 5 out of 10 to IBA. 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.
When comparing the yearly performance of all stocks, we notice that IBA is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, IBA also shows a nice and consistent pattern of rising prices.
IBA is one of the better performing stocks in the Food Products industry, it outperforms 88% of 89 stocks in the same industry.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
IBA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IBA is lagging the market.
Considerably lower volume is observed in the last couple of days.
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
52.46
53.97
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.
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. |
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)
53
-0.98 (-1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-1.82%
1 Week-11.36%
2 Weeks-14.82%
1 Month-9.37%
3 Month1.07%
6 Month8.74%
12 Month18.04%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.08
ATR(20)%4.41%
ATR Inc-28.27%
Range Today2.54
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.33
Mansfield0.19
10 Day High62.99
10 Day Low51.45
20 Day High66.25
20 Day Low51.45
52 Week High66.25
52 Week Low38.04
CS1 End52.99
CR1 Start53.01
Volume & EV
DER(3)-4.22%
DER(5)-4.35%
Volume6.70K
Volume Incr-8.3%
Vol(5)4.42K
Vol(50)7.54K