INSTALLED BUILDING PRODUCTS (IBP) Stock Technical Analysis
USA - NYSE:IBP - US45780R1014 - Common Stock
We assign a technical rating of 7 out of 10 to IBP. In the last year, IBP was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, IBP 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 a resistance zone just above the current price starting at 274.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 259.62, 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
164.75
We found 2 important support areas.
- A support zone ranging from 258.67 to 259.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @166.41 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 274.14 to 279.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for IBP is neutral. |
| ChartMill Relative Strength | 84.5 | POSITIVE | IBP has a high relative strength, it outperformed 84.5% 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 | 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) | 50.55 | NEUTRAL | The RSI value for IBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.22 | NEGATIVE | The MACD value suggests IBP has a negative trend. |
| Stochastics (14,3) | 32.12 | NEUTRAL | The Stochastics value for IBP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for IBP suggests some volalility. |
| Average Directional Index/ADX (14) | 32.12 | POSITIVE | The high ADX value value for IBP suggests a strong 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 |
|---|---|---|---|
| 265.78 | 258.66 | 7.12 (2.68%) | 25.00% |
| An entry @265.78. This is a Buy Stop order right above the 10 day moving average. | An exit @258.66. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.12 points, which is 2.68%. | For a 0.67% 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 IBP. 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.
259.63
-4.08 (-1.55%)