INSTALLED BUILDING PRODUCTS (IBP) Stock Technical Analysis
NYSE:IBP - New York Stock Exchange, Inc. - US45780R1014 - Common Stock - Currency: USD
Overall IBP gets a technical rating of 2 out of 10. In the past year, IBP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, IBP is a bad performer in the overall market: 78% of all stocks are doing better.
IBP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
IBP is an average performer in the Household Durables industry, it outperforms 49% of 64 stocks in the same industry.
In the last month IBP has a been trading in the 150.83 - 178.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IBP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 158.86, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
152.44
261.32
When analyzing the support we notice one important area.
- A support zone ranging from 153.98 to 158.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 166.95 to 170.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 173.00 to 175.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @178.95 from a horizontal line in the daily time frame.
- Resistance @258.73 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for IBP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IBP is neutral. |
| ChartMill Relative Strength | 22.26 | NEGATIVE | IBP has a low relative strength, it was outperformed by 77.74% 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) | DOWN | NEGATIVE | The current price of IBP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.6 | NEUTRAL | The RSI value for IBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.7 | POSITIVE | The MACD value suggests IBP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.69 | NEUTRAL | The Stochastics value for IBP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for IBP suggests some volalility. |
| Average Directional Index/ADX (14) | 12.56 | NEGATIVE | The low ADX value for IBP 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)
166.94
+1.88 (+1.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg1.14%
1 Week-0.91%
2 Weeks4.99%
1 Month0.34%
3 Month-3.08%
6 Month-6.23%
12 Month-15.66%
2 Year19.11%
3 Year100.75%
5 Year142.72%
10 Year581.94%
15 YearN/A
Volatility
ATR(14)6.03
ATR(20)%3.61%
ATR Inc4.72%
Range Today5.53
ADR(20)5.72
ADR(20)%3.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.26
Mansfield-1.98
10 Day High178.68
10 Day Low158.47
20 Day High178.68
20 Day Low150.83
52 Week High281.04
52 Week Low150.83
CS1 End158.86
CR1 Start166.95
Volume & EV
DER(3)-0.16%
DER(5)-0.79%
Volume681.50K
Volume Incr1.23%
Vol(5)437.34K
Vol(50)428.80K