IBET SPORTS BETTING & GAMING (IBET) Stock Technical Analysis
USA - NASDAQ:IBET - US26922B7828 - ETF
10.42 USD
+0.01 (+0.1%)
Overall IBET gets a technical rating of 7 out of 10. In the last year, IBET was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
Warning: IBET has an average volume of 866 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Looking at the yearly performance, IBET did better than 80% of all other stocks. On top of that, IBET also shows a nice and consistent pattern of rising prices.
IBET is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IBET is lagging the market slightly.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
In the last month IBET has a been trading in the 9.80 - 10.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although IBET 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.
More info and screens
9.55
11.17
When analyzing the support we notice one important area.
- A support zone ranging from 9.65 to 10.33. 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 2 important areas.
- Resistance @10.73 from a horizontal line in the daily time frame.
- A resistance zone ranging from 11.04 to 11.06. 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 IBET is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IBET is neutral. |
| ChartMill Relative Strength | 80.32 | POSITIVE | IBET has a high relative strength, it outperformed 80.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IBET is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of IBET is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IBET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.48 | NEUTRAL | The RSI value for IBET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests IBET has a positive trend. |
| Stochastics (14,3) | 92.48 | OVERBOUGHT | The high Stochastics value suggests IBET may be overbought. |
| Average True Range in percent/ATR (20) | 1.36 | LOW VOLATILITY | The low ATR as a percentage value for IBET suggests low volalility. |
| Average Directional Index/ADX (14) | 17.99 | NEGATIVE | The low ADX value for IBET suggests a weak or negative 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)
NASDAQ:IBET (9/7/2023, 8:00:07 PM)
10.42
+0.01 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.1%
1 Week1.56%
2 Weeks4.41%
1 Month-1.88%
3 Month2.63%
6 Month7.98%
12 Month16.29%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%1.36%
ATR Inc20.23%
Range Today0.12
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
CRS80.32
Mansfield-0.17
10 Day High10.43
10 Day Low9.9
20 Day High10.75
20 Day Low9.8
52 Week High11.22
52 Week Low7.75
CS1 End10.33
CR1 Start10.73
Volume & EV
DER(3)-5.95%
DER(5)-3.57%
Volume1.40K
Volume Incr47.17%
Vol(5)1.56K
Vol(50)866