INSTALLED BUILDING PRODUCTS (IBP) Stock Technical Analysis
USA - NYSE:IBP - US45780R1014 - Common Stock
Overall IBP gets a technical rating of 5 out of 10. In the last year, IBP was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, IBP does present a nice setup opportunity. 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.
More info and screens
232.78
4 important support areas can be observed.
- A support zone ranging from 249.42 to 255.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @243.46 from a trend line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for IBP is neutral. |
| ChartMill Relative Strength | 75.65 | POSITIVE | IBP has a high relative strength, it outperformed 75.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IBP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of IBP is above a declining 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) | 51.47 | NEUTRAL | The RSI value for IBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.54 | POSITIVE | The MACD value suggests IBP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.57 | NEUTRAL | The Stochastics value for IBP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for IBP suggests some volalility. |
| Average Directional Index/ADX (14) | 22.37 | NEUTRAL | The ADX value for IBP suggests a possible start of a new trend. |
257.14
-8.01 (-3.02%)
INSTALLED BUILDING PRODUCTS / IBP FAQ
Can you provide the ChartMill technical rating for INSTALLED BUILDING PRODUCTS?
ChartMill assigns a technical rating of 5 / 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 51.4695. 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 0.538735, indicating a bearish trend.
Can you provide the short term momentum for INSTALLED BUILDING PRODUCTS?
The short term momentum for INSTALLED BUILDING PRODUCTS (IBP) is neutral.