Interbit Ltd. (IBIT.CA) Technical Analysis
TSX-V:IBIT
Current stock price
IBIT.CA Technical Rating and Analysis
Overall IBIT gets a technical rating of 0 out of 10. IBIT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 77% of all other stocks performed better in the past year than IBIT.
- IBIT is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month IBIT has a been trading in the 0.15 - 0.39 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
IBIT.CA Weekly and Daily overview Charts
IBIT.CA Setup Rating and Analysis
The technical rating of IBIT is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
IBIT.CA Support and Resistance Analysis
0.16
We found 1 important support area.
- Support @0.16 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.24 to 0.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.25 from a trend line in the daily time frame.
- Resistance @0.36 from a trend line in the weekly time frame.
IBIT.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 | NEUTRAL | NEUTRAL | The long term trend for IBIT.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IBIT.CA is down. |
| ChartMill Relative Strength | 23.7 | NEGATIVE | IBIT.CA has a low relative strength, it was outperformed by 76.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IBIT.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IBIT.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IBIT.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.61 | NEUTRAL | The RSI value for IBIT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests IBIT.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.17 | OVERSOLD | The low Stochastics value suggests IBIT.CA may be oversold. |
| Average True Range in percent/ATR (20) | 23.55 | HIGH VOLATILITY | The high ATR as a percentage value for IBIT.CA suggests high volalility. |
IBIT.CA Chart- and CandleStick Pattern Analysis
IBIT.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:IBIT (3/19/2020, 6:19:06 PM)
0.19
+0.04 (+26.67%)
Interbit Ltd. / IBIT.CA TA FAQ
What is the ChartMill technical rating of Interbit Ltd. (IBIT.CA) stock?
ChartMill assigns a technical rating of 0 / 10 to IBIT.CA.
What is the current trend direction of Interbit Ltd. (IBIT.CA) stock?
The current trend direction for Interbit Ltd. (IBIT.CA) is Bearish.
What is the RSI signal for IBIT stock?
Interbit Ltd. (IBIT.CA) has an RSI value of 44.61. This indicates that the stock is currently neutral.
What is the short term momentum for Interbit Ltd. (IBIT.CA) stock?
The short term momentum for Interbit Ltd. (IBIT.CA) is negative.