IBI Group Inc (IBG.CA) Stock Technical Analysis
TSX:IBG - Toronto Stock Exchange - CA44925L1031 - Common Stock - Currency: CAD
We assign a technical rating of 10 out of 10 to IBG. 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.
IBG has an excellent technical rating and 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
11.78
We found 2 important support 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.
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.
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. |
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 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.
TSX:IBG (9/28/2022, 7:00:00 PM)
19.48
-0.01 (-0.05%)