INTERNATIONAL BANCSHARES CRP (IBOC)       43.01  -0.11 (-0.26%)

43.01  -0.11 (-0.26%)

US4590441030 - Common Stock

Technical Rating

7

Overall IBOC gets a technical rating of 7 out of 10. 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 term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
IBOC is one of the better performing stocks in the Banks industry, it outperforms 80% of 309 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that IBOC is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
IBOC is currently trading in the middle of its 52 week range, while the S&P500 Index is trading in the lower part of its yearly range. So IBOC is doing better than the market!
In the last month IBOC has a been trading in the 39.75 - 45.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.

Statistics

1 Month 3 Months 6 Months 12 Months 1.87% 5.84% 3.03% 0.19% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 89.88 38 - 46.67
IBOC Weekly chart
IBOC Daily chart

Support/Resistance Analysis


37.82

46.45
We found 3 important support areas.
  • A support zone ranging from 41.83 to 42.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @39.64 from a horizontal line in the daily time frame.
  • A support zone ranging from 38.20 to 38.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
  • A resistance zone ranging from 43.12 to 43.34. 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 45.07 to 45.99. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

6

Although IBOC has an excellent technical rating, the quality of the presented setup is not ideal 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.


Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
43.3541.821.53 (3.53%)25.00%
An entry @43.35. This is a Buy Stop order right above the resistance zone.An exit @41.82. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 1.53 points, which is 3.53%.For a 0.88% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of IBOC. Please evaluate whether better entry and exit points can be found.
  • 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.
IBOC Daily chart

INTERNATIONAL BANCSHARES CRP43.01

NASDAQ:IBOC (9/27/2022, 9:14:48 AM)-0.11 (-0.26%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks
Performance
Today -0.26% 1 Week -2.16%
2 Weeks 1.27% 1 Month 1.87%
3 Month 5.84% 6 Month 3.03%
Volatility
ATR(14) 1.09 ATR(20)% 2.49%
ATR Inc 1.42% Range Today 0.47
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 89.88 Mansfield 1.93
10 Day High 45.54 10 Day Low 41.41
20 Day High 45.54 20 Day Low 39.75
52 Week High 46.67 52 Week Low 38
CS1 End 42.62 CR1 Start 43.12
Volume & EV
DER(3) -0.57% DER(5) 1.56%
Volume 35.80K Volume Incr 48.37%
Vol(5) 398.00K Vol(50) 256.15K

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