Technical Analysis of IBI Group Inc(TSX:IBG) stock

Technical Rating

Overall IBG gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IBG is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that IBG is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, IBG also shows a nice and consistent pattern of rising prices.

IBG is one of the better performing stocks in the Professional Services industry, it outperforms 100% of 72 stocks in the same industry.

IBG is currently making a new 52 week high. This is a strong signal, certainly because the S&P500 Index is not trading near new highs.

In the last month IBG has a been trading in a tight range between 19.35 and 19.50.

Statistics

1 Month

3 Months

6 Months

12 Months

0.62%

35.28%

40.14%

71.63%

SMA(20)

SMA(50)

SMA(100)

SMA(200)

52 Wk Range

ST Trend

LT Trend

97.51

10.83 - 19.5

Support/Resistance Analysis

11.78

19.68

When analyzing the support we can see 2 important areas.

A support zone ranging from 19.29 to 19.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @11.90 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 19.49 to 19.49. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

Besides having an excellent technical rating, IBG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 19.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.47, a Stop Loss order could be placed below this zone.

Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.

ENTRY	EXIT	DISTANCE	CAPITAL
19.50	19.39	0.11 (0.56%)	25.00%
An entry @19.50. This is a Buy Stop order right above the resistance zone.	An exit @19.39. This is a Stop Loss order right below the 10 day low.	The trade has a worst case loss of 0.11 points, which is 0.56%.	For a 0.14% total portfolio risk, you can invest 25.00% of your capital in this trade.

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.

IBI Group Inc19.48

TSX:IBG (9/28/2022, 6:00:00 PM)-0.01 (-0.05%)

Chartmill TA Rating

Chartmill Setup Rating

Sector

GICS Sector	Industrials
GICS Industry	Professional Services

Performance

Today	-0.05%	1 Week	0.05%
2 Weeks	0.36%	1 Month	0.62%
3 Month	35.28%	6 Month	40.14%

Volatility

ATR(14)	0.04	ATR(20)%	0.18%
ATR Inc	-25.96%	Range Today	0.02

Trend & SMA

ST Trend		LT Trend
SMA(5)		SMA(10)
SMA(20)		SMA(50)
SMA(100)		SMA(200)

Relative Strength & Ranges

CRS	97.51	Mansfield	5.31
10 Day High	19.5	10 Day Low	19.4
20 Day High	19.5	20 Day Low	19.35
52 Week High	19.5	52 Week Low	10.83
CS1 End	19.47	CR1 Start	19.49

Volume & EV

DER(3)	2.1%	DER(5)	-2.32%
Volume	177.94K	Volume Incr	58.13%
Vol(5)	141.13K	Vol(50)	165.85K

IBI Group Inc (IBG.CA) 19.48 -0.01 (-0.05%)

19.48 -0.01 (-0.05%)

Technical Rating

Statistics

Support/Resistance Analysis

Setup Analysis

Setup Rating

Possible Trading Setup

IBI Group Inc19.48

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