INTERNATIONAL BANCSHARES CRP (IBOC) Stock Technical Analysis
USA - NASDAQ:IBOC - US4590441030 - Common Stock
70.6 USD
-0.69 (-0.97%)
70.6 USD
0 (0%)
Overall IBOC gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IBOC is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, IBOC did better than 71% of all other stocks.
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 67.72 - 73.58 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
IBOC is an average performer in the Banks industry, it outperforms 62% of 392 stocks in the same industry.
Besides having an excellent technical rating, IBOC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 70.01, a Stop Loss order could be placed below this zone.
More info and screens
57.82
74.13
When analyzing the support we can see 3 important areas.
- A support zone ranging from 67.81 to 70.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 61.04 to 62.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @58.40 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 70.80 to 71.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 73.40 to 73.40. This zone is formed by a combination of multiple trend lines 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 | 71.63 | POSITIVE | IBOC has a high relative strength, it outperformed 71.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IBOC is below 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) | DOWN | MIXED | The current price of IBOC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.22 | NEUTRAL | The RSI value for IBOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests IBOC has a negative trend. |
| Stochastics (14,3) | 37.61 | NEUTRAL | The Stochastics value for IBOC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for IBOC suggests low volalility. |
| Average Directional Index/ADX (14) | 15.5 | NEGATIVE | The low ADX value for IBOC suggests a weak or negative 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)
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 |
|---|---|---|---|
| 71.23 | 70.05 | 1.18 (1.66%) | 25.00% |
| An entry @71.23. This is a Buy Stop order right above the resistance zone. | An exit @70.05. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.18 points, which is 1.66%. | For a 0.41% 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.
70.6
-0.69 (-0.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.97%
1 Week-1.37%
2 Weeks-1.58%
1 Month0.44%
3 Month12.96%
6 Month11.78%
12 Month15.85%
2 Year62.9%
3 Year66.12%
5 Year170.91%
10 Year182.06%
15 Year318%
Volatility
ATR(14)1.28
ATR(20)%1.97%
ATR Inc-39.64%
Range Today0.66
ADR(20)1.34
ADR(20)%1.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.63
Mansfield-0.25
10 Day High73.58
10 Day Low70.06
20 Day High73.58
20 Day Low67.72
52 Week High76.91
52 Week Low54.11
CS1 End70.01
CR1 Start70.8
Volume & EV
DER(3)-0.09%
DER(5)-1.52%
Volume122.60K
Volume Incr-27.52%
Vol(5)157.60K
Vol(50)203.61K