IBEX LTD (IBEX) Stock Technical Analysis
NASDAQ:IBEX - Nasdaq - BMG4690M1010 - Common Stock - Currency: USD
Taking everything into account, IBEX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, IBEX has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that IBEX is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by IBEX over the past year are nicely spread over this period.
IBEX is part of the IT Services industry. There are 82 other stocks in this industry. IBEX outperforms 88% of them.
IBEX 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 IBEX is lagging the market slightly.
In the last month IBEX has a been trading in the 27.03 - 30.09 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, IBEX also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 29.43, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
13.45
30.86
We found 5 important support areas.
- A support zone ranging from 28.35 to 29.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.32 from a trend line in the weekly time frame.
- Support @24.21 from a trend line in the daily time frame.
- Support @23.43 from a trend line in the daily time frame.
- Support @13.59 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 30.55 to 30.55. 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 | UP | POSITIVE | The long term trend for IBEX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IBEX is up. |
| ChartMill Relative Strength | 94.39 | POSITIVE | IBEX has a high relative strength, it outperformed 94.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IBEX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IBEX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IBEX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.94 | NEUTRAL | The RSI value for IBEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests IBEX has a negative trend. |
| Stochastics (14,3) | 74.97 | NEUTRAL | The Stochastics value for IBEX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for IBEX suggests some volalility. |
| Average Directional Index/ADX (14) | 45.15 | POSITIVE | The high ADX value value for IBEX suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 30.56 | 28.34 | 2.22 (7.26%) | 13.77% |
| An entry @30.56. This is a Buy Stop order right above the resistance zone. | An exit @28.34. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.22 points, which is 7.26%. | When investing 13.77% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
29.44
+0.01 (+0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.03%
1 Week1.19%
2 Weeks3.84%
1 Month4.69%
3 Month18.42%
6 Month46.69%
12 Month84.81%
2 Year38.67%
3 Year74.51%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.62
ATR(20)%2.2%
ATR Inc79.38%
Range Today0.79
ADR(20)0.64
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.39
Mansfield3
10 Day High30.1
10 Day Low28.25
20 Day High30.1
20 Day Low27.03
52 Week High32.08
52 Week Low15.15
CS1 End29.43
CR1 Start30.55
Volume & EV
DER(3)1.79%
DER(5)0.93%
Volume108.10K
Volume Incr-22.44%
Vol(5)135.86K
Vol(50)158.46K