INTERNATIONAL BANCSHARES CRP (IBOC) Stock Technical Analysis
NASDAQ:IBOC - Nasdaq - US4590441030 - Common Stock - Currency: USD
Taking everything into account, IBOC scores 8 out of 10 in our technical rating. Although IBOC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
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 comparing the performance of all stocks over the past year, IBOC turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
IBOC is part of the Banks industry. There are 394 other stocks in this industry, IBOC did better than 46% of them.
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 very little resistance above the current price.
More info and screens
58.35
74.13
We found 3 important support areas.
- A support zone ranging from 65.04 to 66.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 61.04 to 63.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @58.94 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @71.05 from a trend line 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 | 65.32 | 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) | 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) | 65.7 | NEUTRAL | The RSI value for IBOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests IBOC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.17 | NEUTRAL | The Stochastics value for IBOC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for IBOC suggests some volalility. |
| Average Directional Index/ADX (14) | 29.62 | POSITIVE | The high ADX value value for IBOC suggests a strong 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 |
|---|---|---|---|
| 71.06 | 66.10 | 4.96 (6.97%) | 14.34% |
| An entry @71.06. This is a Buy Stop order right above the resistance zone. | An exit @66.10. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.96 points, which is 6.97%. | For a 1.00% total portfolio risk, you can invest 14.34% of your capital in this trade. |
- 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.
70.26
+0.89 (+1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.28%
1 Week0.52%
2 Weeks5.57%
1 Month9.12%
3 Month18.94%
6 Month6.49%
12 Month6.73%
2 Year41.54%
3 Year60.19%
5 Year130.97%
10 Year160.9%
15 Year305.19%
Volatility
ATR(14)1.59
ATR(20)%2.33%
ATR Inc-19.38%
Range Today1.5
ADR(20)1.55
ADR(20)%2.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.32
Mansfield0.15
10 Day High71.99
10 Day Low66.11
20 Day High71.99
20 Day Low61.15
52 Week High76.91
52 Week Low54.11
CS1 End66.93
CR1 Start71.05
Volume & EV
DER(3)0.05%
DER(5)0.5%
Volume162.00K
Volume Incr-27.49%
Vol(5)169.50K
Vol(50)201.28K