INSTALLED BUILDING PRODUCTS (IBP) Stock Technical Analysis
NYSE:IBP • US45780R1014
We assign a technical rating of 10 out of 10 to IBP. Both in the recent history as in the last year, IBP has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, IBP did better than 93% of all other stocks.
- IBP is part of the Household Durables industry. There are 60 other stocks in this industry. IBP outperforms 98% of them.
- IBP 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 IBP is lagging the market slightly.
- In the last month IBP has a been trading in the 282.30 - 349.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IBP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
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When analyzing the support we can see 3 important areas.
- Support @309.12 from a trend line in the daily time frame.
- A support zone ranging from 286.91 to 288.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @278.29 from a trend line in the daily 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 IBP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IBP is up. |
| ChartMill Relative Strength | 93.34 | POSITIVE | IBP has a high relative strength, it outperformed 93.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IBP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IBP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IBP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.37 | NEUTRAL | The RSI value for IBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.74 | NEGATIVE | The MACD value suggests IBP has a negative trend. |
| Stochastics (14,3) | 63.29 | NEUTRAL | The Stochastics value for IBP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for IBP suggests some volalility. |
| Average Directional Index/ADX (14) | 18.46 | NEGATIVE | The low ADX value for IBP suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 349.01 | 309.11 | 39.90 (11.43%) | 8.75% |
| An entry @349.01. This is a Buy Stop order right above the 10 day high. | An exit @309.11. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 39.90 points, which is 11.43%. | When investing 8.75% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
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+4.08 (+1.27%)
INSTALLED BUILDING PRODUCTS / IBP FAQ
Can you provide the ChartMill technical rating for INSTALLED BUILDING PRODUCTS?
ChartMill assigns a technical rating of 10 / 10 to IBP.
Can you provide the trend direction for INSTALLED BUILDING PRODUCTS?
The current trend direction for INSTALLED BUILDING PRODUCTS (IBP) is Bullish.
What is the RSI signal for INSTALLED BUILDING PRODUCTS (IBP) stock?
INSTALLED BUILDING PRODUCTS (IBP) has an RSI value of 57.3695. This indicates that the stock is currently neutral.
What is the buy/sell signal for INSTALLED BUILDING PRODUCTS (IBP) stock?
The buy/sell signal for INSTALLED BUILDING PRODUCTS (IBP) is buy as both the short term and long term trends are positive.
What is the support and resistance level for IBP stock?
INSTALLED BUILDING PRODUCTS (IBP) has a support level at 309.12. Check the full technical report for our detailed analysis of IBP support and resistance levels.