INTERNATIONAL BANCSHARES CRP (IBOC) Technical Analysis
NASDAQ:IBOC • US4590441030
Current stock price
IBOC Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to IBOC. IBOC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- IBOC is one of the lesser performing stocks in the Banks industry. 66% of 381 stocks in the same industry do better.
- IBOC is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- When compared to the yearly performance of all other stocks, IBOC outperforms 42% of them, which is more or less in line with the market.
- IBOC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IBOC is lagging the market slightly.
IBOC Weekly and Daily overview Charts
IBOC Setup Rating and Analysis
Although the technical rating is bad, IBOC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 67.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 66.74, a Stop Loss order could be placed below this zone.
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IBOC Support and Resistance Analysis
58.72
We found 2 important support areas.
- A support zone ranging from 64.75 to 66.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @59.31 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 67.49 to 67.81. 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 68.99 to 69.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 72.86 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 | DOWN | NEGATIVE | The long term trend for IBOC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IBOC is down. |
| ChartMill Relative Strength | 42.89 | NEUTRAL | IBOC is not amongst the best or worst performers 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 | MIXED | The current price of IBOC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of IBOC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.59 | NEUTRAL | The RSI value for IBOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests IBOC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.81 | NEUTRAL | The Stochastics value for IBOC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for IBOC suggests some volalility. |
| Average Directional Index/ADX (14) | 23.07 | 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
67.48
+0.16 (+0.24%)
INTERNATIONAL BANCSHARES CRP / IBOC TA FAQ
Can you provide the ChartMill technical rating for INTERNATIONAL BANCSHARES CRP?
ChartMill assigns a technical rating of 2 / 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 Bearish.
Can you provide the RSI signal for INTERNATIONAL BANCSHARES CRP?
INTERNATIONAL BANCSHARES CRP (IBOC) has an RSI value of 42.5869. 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 -0.184316, 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 sell as both the short term and long term trends are negative.