INTERNATIONAL BANCSHARES CRP (IBOC) Stock Technical Analysis
NASDAQ:IBOC • US4590441030
Overall IBOC gets a technical rating of 8 out of 10. 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 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.
- 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 an average performer in the Banks industry, it outperforms 41% of 381 stocks in the same industry.
- In the last month IBOC has a been trading in the 67.07 - 75.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, IBOC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 71.22, a Stop Loss order could be placed below this zone.
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59.23
We found 4 important support areas.
- A support zone ranging from 67.81 to 71.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 64.75 to 65.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 62.63 to 63.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @59.83 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 72.86 to 72.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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.
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 | 65.85 | 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) | 54.44 | NEUTRAL | The RSI value for IBOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests IBOC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.53 | NEUTRAL | The Stochastics value for IBOC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for IBOC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.58 | NEGATIVE | The low ADX value for IBOC suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 72.96 | 69.63 | 3.33 (4.56%) | 21.91% |
| An entry @72.96. This is a Buy Stop order right above the resistance zone. | An exit @69.63. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.33 points, which is 4.56%. | For a 1.00% total portfolio risk, you can invest 21.91% 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.
72.07
-0.33 (-0.46%)
INTERNATIONAL BANCSHARES CRP / IBOC FAQ
Can you provide the ChartMill technical rating for INTERNATIONAL BANCSHARES CRP?
ChartMill assigns a technical rating of 8 / 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.
Can you provide the RSI signal for INTERNATIONAL BANCSHARES CRP?
INTERNATIONAL BANCSHARES CRP (IBOC) has an RSI value of 54.4438. This indicates that the stock is currently neutral.
What is the MACD signal for INTERNATIONAL BANCSHARES CRP (IBOC) stock?
The MACD indicator for INTERNATIONAL BANCSHARES CRP (IBOC) has a value of 0.0233231, indicating a bearish trend.
What is the buy/sell signal for INTERNATIONAL BANCSHARES CRP (IBOC) stock?
The buy/sell signal for INTERNATIONAL BANCSHARES CRP (IBOC) is buy as both the short term and long term trends are positive.