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.
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 69.24, a Stop Loss order could be placed below this zone.
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59.04
We found 5 important support areas.
- A support zone ranging from 67.06 to 69.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 65.54 to 65.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @64.47 from a trend line in the daily time frame.
- 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 @59.64 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 71.21 to 73.40. 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 IBOC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IBOC is up. |
| ChartMill Relative Strength | 58.61 | 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) | 55.43 | NEUTRAL | The RSI value for IBOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests IBOC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.03 | NEUTRAL | The Stochastics value for IBOC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for IBOC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.83 | POSITIVE | The high ADX value value for IBOC suggests a strong 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 |
|---|---|---|---|
| 71.37 | 67.60 | 3.77 (5.28%) | 18.95% |
| An entry @71.37. This is a Buy Stop order right above the 10 day moving average. | An exit @67.60. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.77 points, which is 5.28%. | When investing 18.95% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
70.45
-1.25 (-1.74%)
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.
Can you provide the trend direction for INTERNATIONAL BANCSHARES CRP?
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 55.4344. This indicates that the stock is currently neutral.
What is the buy/sell signal for IBOC stock?
The buy/sell signal for INTERNATIONAL BANCSHARES CRP (IBOC) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for INTERNATIONAL BANCSHARES CRP?
INTERNATIONAL BANCSHARES CRP (IBOC) has a support level at 69.24 and a resistance level at 71.21. Check the full technical report for our detailed analysis of IBOC support and resistance levels.