INTERNATIONAL BANCSHARES CRP (IBOC) Technical Analysis
NASDAQ:IBOC • US4590441030
Current stock price
IBOC Technical Rating and Analysis
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.
- IBOC is part of the Banks industry. There are 376 other stocks in this industry, of which 60% are performing better than IBOC.
- Both the short term and long term trends are positive. This is a very positive sign.
- IBOC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IBOC is lagging the market slightly.
- IBOC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When compared to the yearly performance of all other stocks, IBOC outperforms 59% of them, which is more or less in line with the market.
IBOC Weekly and Daily overview Charts
IBOC Setup Rating and Analysis
IBOC has an excellent technical rating, but the quality of the setup is only medium 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
IBOC Support and Resistance Analysis
59.06
We found 4 important support areas.
- A support zone ranging from 69.36 to 69.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 67.79 to 68.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 64.75 to 66.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @59.66 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 72.68 to 73.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 74.58 to 74.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
IBOC 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 | 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 | 59.66 | NEUTRAL | IBOC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IBOC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of IBOC is above a declining 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) | 64.32 | NEUTRAL | The RSI value for IBOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests IBOC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.46 | NEUTRAL | The Stochastics value for IBOC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for IBOC suggests some volalility. |
| Average Directional Index/ADX (14) | 22.87 | NEUTRAL | The ADX value for IBOC suggests a possible start of a new trend. |
IBOC Chart- and CandleStick Pattern Analysis
IBOC Technicals: Chart, Performance Metrics, Trend & Indicators
72.16
-0.15 (-0.21%)
INTERNATIONAL BANCSHARES CRP / IBOC TA FAQ
Can you provide the ChartMill technical rating for INTERNATIONAL BANCSHARES CRP?
ChartMill assigns a technical rating of 7 / 10 to IBOC.
What is the current trend direction of INTERNATIONAL BANCSHARES CRP (IBOC) stock?
The current trend direction for INTERNATIONAL BANCSHARES CRP (IBOC) is Bullish.
What is the RSI signal for IBOC stock?
INTERNATIONAL BANCSHARES CRP (IBOC) has an RSI value of 64.323. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INTERNATIONAL BANCSHARES CRP?
The short term momentum for INTERNATIONAL BANCSHARES CRP (IBOC) is positive.
Can you provide the support and resistance levels for INTERNATIONAL BANCSHARES CRP?
INTERNATIONAL BANCSHARES CRP (IBOC) has a support level at 69.77 and a resistance level at 72.68. Check the full technical report for our detailed analysis of IBOC support and resistance levels.