IBP Technical Analysis - INSTALLED BUILDING PRODUCTS

Technical Rating and Analysis

Overall IBP gets a technical rating of 4 out of 10. IBP has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

In the last month IBP has a been trading in the 231.58 - 273.82 range, which is quite wide. It is currently trading near the lows of this range.

IBP is one of the better performing stocks in the Household Durables industry, it outperforms 77% of 63 stocks in the same industry.

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.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

Looking at the yearly performance, IBP did better than 72% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

INSTALLED BUILDING PRODUCTS / IBP Weekly stock chart

INSTALLED BUILDING PRODUCTS / IBP Daily stock chart

Setup Rating and Analysis

IBP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 239.19, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

232.78

276.88

When analyzing the support we notice one important area.

A support zone ranging from 235.13 to 239.19. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 240.19 to 243.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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.

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What is Support and Resistance

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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 IBP is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for IBP is down.
ChartMill Relative Strength	72.93	POSITIVE	IBP has a high relative strength, it outperformed 72.93% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of IBP is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of IBP is below 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)	39.17	NEUTRAL	The RSI value for IBP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.64	NEGATIVE	The MACD value suggests IBP has a negative trend, although the MACD value is rising.
Stochastics (14,3)	30.93	NEUTRAL	The Stochastics value for IBP is a neutral value.
Average True Range in percent/ATR (20)	3.43	MEDIUM VOLATILITY	The ATR as a percentage value for IBP suggests some volalility.
Average Directional Index/ADX (14)	16.66	NEGATIVE	The low ADX value for IBP suggests a weak or negative trend.