INTERNATIONAL BANCSHARES CRP (IBOC) Stock Technical Analysis
NASDAQ:IBOC - Nasdaq - US4590441030 - Common Stock - Currency: USD
Taking everything into account, IBOC scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IBOC is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
IBOC is one of the better performing stocks in the Banks industry, it outperforms 73% of 393 stocks in the same industry.
In the last month IBOC has a been trading in the 66.13 - 70.79 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the yearly performance of all stocks, we notice that IBOC is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
IBOC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IBOC is lagging the market.
IBOC 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 70.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 68.37, a Stop Loss order could be placed below this zone.
More info and screens
58.88
74.13
When analyzing the support we can see 4 important areas.
- A support zone ranging from 66.81 to 68.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @65.67 from a trend line in the daily time frame.
- A support zone ranging from 61.04 to 62.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @59.47 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 70.56 to 71.21. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 73.08 to 73.40. 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 IBOC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IBOC is up. |
| ChartMill Relative Strength | 70.98 | POSITIVE | IBOC has a high relative strength, it outperformed 70.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IBOC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IBOC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IBOC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.26 | NEUTRAL | The RSI value for IBOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests IBOC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.86 | NEUTRAL | The Stochastics value for IBOC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for IBOC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.14 | NEGATIVE | The low ADX value for IBOC 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)
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 |
|---|---|---|---|
| 68.97 | 66.80 | 2.17 (3.15%) | 25.00% |
| An entry @68.97. This is a Buy Stop order right above the 10 day moving average. | An exit @66.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.17 points, which is 3.15%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.79%. |
- The distance between exit and entry is rather small compared to the average daily movement of IBOC. Please evaluate whether better entry and exit points can be found.
- 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.
68.78
-0.08 (-0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.11%
1 Week1.99%
2 Weeks-0.98%
1 Month-0.85%
3 Month8.88%
6 Month3.16%
12 Month18.48%
2 Year53.6%
3 Year64.82%
5 Year117.8%
10 Year168.15%
15 Year340.9%
Volatility
ATR(14)1.5
ATR(20)%2.3%
ATR Inc-5.13%
Range Today1.41
ADR(20)1.56
ADR(20)%2.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.98
Mansfield-0.21
10 Day High70.49
10 Day Low66.13
20 Day High70.79
20 Day Low66.13
52 Week High76.91
52 Week Low54.11
CS1 End68.37
CR1 Start70.56
Volume & EV
DER(3)2%
DER(5)1.4%
Volume190.70K
Volume Incr-1.36%
Vol(5)202.00K
Vol(50)211.29K