INNOVATION BEVERAGE GROUP LT (IBG) Stock Technical Analysis
NASDAQ:IBG • AU0000226177
Taking everything into account, IBG scores 0 out of 10 in our technical rating. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 99% of all other stocks performed better in the past year than IBG.
- IBG is one of the lesser performing stocks in the Beverages industry. 93% of 33 stocks in the same industry do better.
- IBG is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so IBG is lagging the market.
- In the last month IBG has a been trading in the 3.40 - 6.28 range, which is quite wide. It is currently trading near the lows of this range.
- 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
3.67
2 important resistance areas can be observed.
- A resistance zone ranging from 3.81 to 3.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @4.45 from a trend line in the daily 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 | DOWN | NEGATIVE | The short term trend for IBG is down. |
| ChartMill Relative Strength | 1.96 | NEGATIVE | IBG has a low relative strength, it was outperformed by 98.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IBG is below a declining 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) | 38.2 | NEUTRAL | The RSI value for IBG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests IBG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 9.39 | OVERSOLD | The low Stochastics value suggests IBG may be oversold. |
| Average True Range in percent/ATR (20) | 18.44 | HIGH VOLATILITY | The high ATR as a percentage value for IBG suggests high volalility. |
| Average Directional Index/ADX (14) | 18.29 | NEGATIVE | The low ADX value for IBG suggests a weak or negative trend. |
3.71
-0.11 (-2.88%)
INNOVATION BEVERAGE GROUP LT / IBG FAQ
Can you provide the ChartMill technical rating for INNOVATION BEVERAGE GROUP LT?
ChartMill assigns a technical rating of 0 / 10 to IBG.
What is the current trend direction of INNOVATION BEVERAGE GROUP LT (IBG) stock?
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 38.1954. This indicates that the stock is currently neutral.
What is the MACD signal for IBG stock?
The MACD indicator for INNOVATION BEVERAGE GROUP LT (IBG) has a value of 0.141455, indicating a bearish trend.
What is the buy/sell signal for INNOVATION BEVERAGE GROUP LT (IBG) stock?
The buy/sell signal for INNOVATION BEVERAGE GROUP LT (IBG) is sell as both the short term and long term trends are negative.