ISHARES BLOCKCHAIN & TECH (IBLC) Stock Technical Analysis
USA - NYSEARCA:IBLC - US46436E3615 - ETF
50.0696 USD
+1.08 (+2.21%)
51.11 USD
+1.04 (+2.08%)
Taking everything into account, IBLC scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IBLC is showing a nice and steady performance.
Warning: IBLC has an average volume of 16371 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that IBLC is one of the better performing stocks in the market, outperforming 93% of all stocks.
IBLC is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month IBLC has a been trading in the 39.76 - 50.07 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although IBLC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
42.52
50.57
When analyzing the support we can see 2 important areas.
- A support zone ranging from 43.97 to 44.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 42.95 to 43.03. This zone is formed by a combination of multiple trend lines and important moving averages 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 IBLC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IBLC is up. |
| ChartMill Relative Strength | 93.8 | POSITIVE | IBLC has a high relative strength, it outperformed 93.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IBLC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IBLC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IBLC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.73 | OVERBOUGHT | The high RSI value suggests IBLC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.6 | POSITIVE | The MACD value suggests IBLC has a positive trend. |
| Stochastics (14,3) | 94.56 | OVERBOUGHT | The high Stochastics value suggests IBLC may be overbought. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for IBLC suggests some volalility. |
| Average Directional Index/ADX (14) | 22.65 | NEUTRAL | The ADX value for IBLC suggests a possible start of a new 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)
50.0696
+1.08 (+2.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.21%
1 Week16.57%
2 Weeks13.05%
1 Month17.21%
3 Month49.1%
6 Month81.53%
12 Month82.47%
2 Year210.67%
3 Year244.36%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.49
ATR(20)%3.15%
ATR Inc-21.7%
Range Today0.84
ADR(20)1.4
ADR(20)%2.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.8
Mansfield2.84
10 Day High50.07
10 Day Low41.87
20 Day High50.07
20 Day Low39.76
52 Week High50.07
52 Week Low21.46
CS1 End44.38
CR1 StartN/A
Volume & EV
DER(3)4.07%
DER(5)4.07%
Volume29.00K
Volume Incr53.32%
Vol(5)20.34K
Vol(50)16.37K