IBI Group Inc (IBG.CA) Technical Analysis
TSX:IBG • CA44925L1031
Current stock price
IBG.CA Technical Rating and Analysis
Taking everything into account, IBG scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, IBG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, IBG did better than 97% of all other stocks. We also observe that the gains produced by IBG over the past year are nicely spread over this period.
- IBG is one of the better performing stocks in the Professional Services industry, it outperforms 100% of 4 stocks in the same industry.
- IBG is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so IBG is leading the market.
- In the last month IBG has a been trading in a tight range between 19.35 and 19.50.
IBG.CA Weekly and Daily overview Charts
IBG.CA Setup Rating and Analysis
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.
More info and screens
IBG.CA Support and Resistance Analysis
11.78
2 important support areas can be observed.
- 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.
When analyzing the resistance we notice one important 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.
IBG.CA 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 IBG.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IBG.CA is up. |
| ChartMill Relative Strength | 97.51 | POSITIVE | IBG.CA has a high relative strength, it outperformed 97.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IBG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IBG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IBG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.6 | OVERBOUGHT | The high RSI value suggests IBG.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests IBG.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 87.12 | OVERBOUGHT | The high Stochastics value suggests IBG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.18 | LOW VOLATILITY | The low ATR as a percentage value for IBG.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 79.11 | POSITIVE | The high ADX value value for IBG.CA suggests a strong trend. |
IBG.CA Chart- and CandleStick Pattern Analysis
IBG.CA Example Setup
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 |
|---|---|---|---|
| 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 worst case loss on the trade is limited to 0.11 points, which is 0.56%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.14%. |
- 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.
IBG.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:IBG (9/28/2022, 7:00:00 PM)
19.48
-0.01 (-0.05%)
IBI Group Inc / IBG.CA TA FAQ
Can you provide the ChartMill technical rating for IBI Group Inc?
ChartMill assigns a technical rating of 10 / 10 to IBG.CA.
What is the current trend direction of IBI Group Inc (IBG.CA) stock?
The current trend direction for IBI Group Inc (IBG.CA) is Bullish.
What is the RSI signal for IBI Group Inc (IBG.CA) stock?
IBI Group Inc (IBG.CA) has an RSI value of 77.6004. This indicates that the stock is currently overbought.
Can you provide the short term momentum for IBI Group Inc?
The short term momentum for IBI Group Inc (IBG.CA) is positive.
What are the support and resistance levels for IBI Group Inc (IBG.CA) stock?
IBI Group Inc (IBG.CA) has a support level at 19.47 and a resistance level at 19.49. Check the full technical report for our detailed analysis of IBG.CA support and resistance levels.