IBEX LTD (IBEX) Stock Technical Analysis
NASDAQ:IBEX • BMG4690M1010
Overall IBEX gets a technical rating of 0 out of 10. IBEX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 71% of all other stocks performed better in the past year than IBEX.
- In the last month IBEX has a been trading in the 28.97 - 40.53 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- IBEX is part of the IT Services industry. There are 87 other stocks in this industry. IBEX outperforms 75% of them.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- IBEX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IBEX is lagging the market.
The technical rating of IBEX is bad and it also does not present a 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
29.80
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 38.15 to 38.80. 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 IBEX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IBEX is down. |
| ChartMill Relative Strength | 29.49 | NEGATIVE | IBEX has a low relative strength, it was outperformed by 70.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IBEX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IBEX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of IBEX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 26.92 | OVERSOLD | The low RSI value suggests IBEX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.76 | NEGATIVE | The MACD value suggests IBEX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.25 | OVERSOLD | The low Stochastics value suggests IBEX may be oversold. |
| Average True Range in percent/ATR (20) | 6.72 | HIGH VOLATILITY | The high ATR as a percentage value for IBEX suggests high volalility. |
| Average Directional Index/ADX (14) | 15.71 | NEGATIVE | The low ADX value for IBEX suggests a weak or negative trend. |
30.1
+0.3 (+1.01%)
IBEX LTD / IBEX FAQ
Can you provide the ChartMill technical rating for IBEX LTD?
ChartMill assigns a technical rating of 0 / 10 to IBEX.
What is the trend direction for IBEX stock?
The current trend direction for IBEX LTD (IBEX) is Bearish.
What is the RSI signal for IBEX stock?
IBEX LTD (IBEX) has an RSI value of 26.9227. This indicates that the stock is currently oversold.
Can you provide the support and resistance levels for IBEX LTD?
IBEX LTD (IBEX) has a resistance level at 38.15. Check the full technical report for our detailed analysis of IBEX support and resistance levels.