INTERNATIONAL BANCSHARES CRP (IBOC) Stock Technical Analysis
NASDAQ:IBOC - Nasdaq - US4590441030 - Common Stock - Currency: USD
Overall IBOC gets a technical rating of 8 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 61.15 - 70.42 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, IBOC did better than 78% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
IBOC is part of the Banks industry. There are 395 other stocks in this industry, IBOC did better than 53% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although IBOC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
57.99
71.92
We found 2 important support areas.
- A support zone ranging from 61.04 to 64.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.58 from a trend line in the weekly time frame.
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 | 78.06 | POSITIVE | IBOC has a high relative strength, it outperformed 78.06% off all stocks 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) | 73.17 | OVERBOUGHT | The high RSI value suggests IBOC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.61 | POSITIVE | The MACD value suggests IBOC has a positive trend. |
| Stochastics (14,3) | 94.42 | OVERBOUGHT | The high Stochastics value suggests IBOC may be overbought. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for IBOC suggests some volalility. |
| Average Directional Index/ADX (14) | 22.23 | NEUTRAL | The ADX value for IBOC suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
71.21
+0.94 (+1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.34%
1 Week7.55%
2 Weeks13.89%
1 Month9.83%
3 Month23.39%
6 Month11.06%
12 Month24.37%
2 Year41.56%
3 Year60.21%
5 Year131%
10 Year160.94%
15 Year305.25%
Volatility
ATR(14)1.68
ATR(20)%2.31%
ATR Inc82.74%
Range Today1.22
ADR(20)1.54
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.06
Mansfield0.22
10 Day High70.42
10 Day Low61.45
20 Day High70.42
20 Day Low61.15
52 Week High76.91
52 Week Low54.11
CS1 End64.14
CR1 Start67
Volume & EV
DER(3)1.37%
DER(5)1.16%
Volume127.79K
Volume Incr75.99%
Vol(5)335.66K
Vol(50)210.57K