INSTALLED BUILDING PRODUCTS (IBP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IBP - US45780R1014 - Common Stock
Overall IBP gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IBP is only an average performer.
IBP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 272.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 254.80, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
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We found 3 important support areas.
- A support zone ranging from 250.93 to 254.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @239.19 from a horizontal line in the weekly time frame.
- A support zone ranging from 235.13 to 235.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 272.55 to 274.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 279.47 to 279.48. This zone is formed by a combination of multiple trend lines 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 | 76.12 | POSITIVE | IBP has a high relative strength, it outperformed 76.12% 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) | 57.64 | NEUTRAL | The RSI value for IBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.26 | POSITIVE | The MACD value suggests IBP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.01 | OVERBOUGHT | The high Stochastics value suggests IBP may be overbought. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for IBP suggests some volalility. |
| Average Directional Index/ADX (14) | 13.74 | 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 |
|---|---|---|---|
| 274.15 | 250.92 | 23.23 (8.47%) | 11.80% |
| An entry @274.15. This is a Buy Stop order right above the resistance zone. | An exit @250.92. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 23.23 points, which is 8.47%. | For a 1.00% total portfolio risk, you can invest 11.80% of your capital in this trade. |
- 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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INSTALLED BUILDING PRODUCTS / IBP FAQ
Can you provide the ChartMill technical rating for INSTALLED BUILDING PRODUCTS?
ChartMill assigns a technical rating of 8 / 10 to IBP.
What is the trend direction for IBP stock?
The current trend direction for INSTALLED BUILDING PRODUCTS (IBP) is Bullish.
Can you provide the RSI signal for INSTALLED BUILDING PRODUCTS?
INSTALLED BUILDING PRODUCTS (IBP) has an RSI value of 57.6404. This indicates that the stock is currently neutral.
Can you provide the MACD signal for INSTALLED BUILDING PRODUCTS?
The MACD indicator for INSTALLED BUILDING PRODUCTS (IBP) has a value of 1.26383, indicating a bullish trend.
Can you provide the short term momentum for INSTALLED BUILDING PRODUCTS?
The short term momentum for INSTALLED BUILDING PRODUCTS (IBP) is positive.