2.38 USD
-0.11 (-4.42%)
2.341 USD
-0.04 (-1.64%)
Overall IBG gets a technical rating of 1 out of 10. IBG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
90% of all other stocks performed better in the past year than IBG.
IBG is part of the Beverages industry. There are 33 other stocks in this industry, of which 90% are performing better than IBG.
IBG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month IBG has a been trading in the 1.85 - 3.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
IBG has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
1.65
3.06
We found 4 important support areas.
- Support @2.30 from a trend line in the daily time frame.
- Support @2.19 from a horizontal line in the daily time frame.
- Support @1.87 from a trend line in the weekly time frame.
- Support @1.67 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.50 to 2.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.03 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for IBG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IBG is neutral. |
| ChartMill Relative Strength | 10.92 | NEGATIVE | IBG has a low relative strength, it was outperformed by 89.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IBG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IBG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IBG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.36 | NEUTRAL | The RSI value for IBG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests IBG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 43.17 | NEUTRAL | The Stochastics value for IBG is a neutral value. |
| Average True Range in percent/ATR (20) | 12.99 | HIGH VOLATILITY | The high ATR as a percentage value for IBG suggests high volalility. |
| Average Directional Index/ADX (14) | 19.87 | NEGATIVE | The low ADX value for IBG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.38
-0.11 (-4.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg-4.42%
1 Week4.62%
2 Weeks-9.51%
1 Month22.68%
3 Month-0.42%
6 Month-13.06%
12 Month-58.25%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%12.99%
ATR Inc-52.89%
Range Today0.18
ADR(20)0.3
ADR(20)%12.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.92
3 months CRS43.99
6 months CRS17.64
Mansfield-3.27
10 Day High2.59
10 Day Low2.15
20 Day High3.16
20 Day Low1.85
52 Week High9.85
52 Week Low1.48
CS1 End2.3
CR1 Start2.5
Volume & EV
DER(3)2.27%
DER(5)1.65%
Volume62.30K
Volume Incr-70.87%
Vol(5)78.12K
Vol(50)658.19K
INNOVATION BEVERAGE GROUP LT / IBG FAQ
Can you provide the ChartMill technical rating for INNOVATION BEVERAGE GROUP LT?
ChartMill assigns a technical rating of 1 / 10 to IBG.
Can you provide the trend direction for INNOVATION BEVERAGE GROUP LT?
The current trend direction for INNOVATION BEVERAGE GROUP LT (IBG) is Bearish.
What is the RSI signal for IBG stock?
INNOVATION BEVERAGE GROUP LT (IBG) has an RSI value of 48.3635. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for INNOVATION BEVERAGE GROUP LT?
INNOVATION BEVERAGE GROUP LT (IBG) has a support level at 2.3 and a resistance level at 2.5. Check the full technical report for our detailed analysis of IBG support and resistance levels.