INTERNATIONAL BANCSHARES CRP (IBOC) Technical Analysis
NASDAQ:IBOC • US4590441030
Current stock price
IBOC Technical Rating and Analysis
Overall IBOC gets a technical rating of 6 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.
- 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.
- In the last month IBOC has a been trading in the 66.81 - 73.12 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- When compared to the yearly performance of all other stocks, IBOC outperforms 55% of them, which is more or less in line with the market.
- IBOC is an average performer in the Banks industry, it outperforms 42% of 376 stocks in the same industry.
IBOC Weekly and Daily overview Charts
IBOC Setup Rating and Analysis
IBOC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 71.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 69.95, a Stop Loss order could be placed below this zone.
More info and screens
IBOC Support and Resistance Analysis
59.12
When analyzing the support we can see 3 important areas.
- A support zone ranging from 68.13 to 69.95. 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 66.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @59.72 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 71.75 to 73.40. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 55.68 | 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) | DOWN | MIXED | The current price of IBOC is above a declining 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) | 56.11 | NEUTRAL | The RSI value for IBOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests IBOC has a negative trend. |
| Stochastics (14,3) | 54.11 | NEUTRAL | The Stochastics value for IBOC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for IBOC suggests some volalility. |
| Average Directional Index/ADX (14) | 22.85 | NEUTRAL | The ADX value for IBOC suggests a possible start of a new trend. |
IBOC Chart- and CandleStick Pattern Analysis
IBOC Example Setup
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 |
|---|---|---|---|
| 73.41 | 70.60 | 2.82 (3.83%) | 25.00% |
| An entry @73.41. This is a Buy Stop order right above the resistance zone. | An exit @70.59. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.82 points, which is 3.83%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.96%. |
- 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 Technicals: Chart, Performance Metrics, Trend & Indicators
71.74
+0.58 (+0.82%)
INTERNATIONAL BANCSHARES CRP / IBOC TA FAQ
Can you provide the ChartMill technical rating for INTERNATIONAL BANCSHARES CRP?
ChartMill assigns a technical rating of 6 / 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.
What is the RSI signal for IBOC stock?
INTERNATIONAL BANCSHARES CRP (IBOC) has an RSI value of 56.1108. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INTERNATIONAL BANCSHARES CRP?
The short term momentum for INTERNATIONAL BANCSHARES CRP (IBOC) is positive.
Can you provide the support and resistance levels for INTERNATIONAL BANCSHARES CRP?
INTERNATIONAL BANCSHARES CRP (IBOC) has a support level at 69.95 and a resistance level at 71.75. Check the full technical report for our detailed analysis of IBOC support and resistance levels.