IBEX Technical Analysis - IBEX LTD

Technical Rating and Analysis

Taking everything into account, IBEX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IBEX is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that IBEX is one of the better performing stocks in the market, outperforming 92% 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 86 other stocks in this industry. IBEX outperforms 85% 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 28.66 - 42.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although IBEX has an excellent technical rating, it 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

24.94

42.43

When analyzing the support we can see 5 important areas.

A support zone ranging from 37.28 to 37.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 30.07 to 30.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @29.13 from a trend line in the weekly time frame.
A support zone ranging from 27.48 to 27.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @25.19 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 41.59 to 42.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	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	92.93	POSITIVE	IBEX has a high relative strength, it outperformed 92.93% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of IBEX is below 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)	50.77	NEUTRAL	The RSI value for IBEX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.73	NEGATIVE	The MACD value suggests IBEX has a negative trend.
Stochastics (14,3)	6.74	OVERSOLD	The low Stochastics value suggests IBEX may be oversold.
Average True Range in percent/ATR (20)	5.66	HIGH VOLATILITY	The high ATR as a percentage value for IBEX suggests high volalility.
Average Directional Index/ADX (14)	38.5	POSITIVE	The high ADX value value for IBEX suggests a strong trend.