IMMUNITYBIO INC (IBRX) Stock Technical Analysis
NASDAQ:IBRX - Nasdaq - US45256X1037 - Common Stock - Currency: USD
Overall IBRX gets a technical rating of 0 out of 10. IBRX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, IBRX is a bad performer in the overall market: 86% of all stocks are doing better.
IBRX 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.
IBRX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
IBRX has an average volume of 8477740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
IBRX is an average performer in the Biotechnology industry, it outperforms 45% of 551 stocks in the same industry.
The technical rating of IBRX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.17
3.39
When analyzing the support we can see 3 important areas.
- Support @2.41 from a trend line in the daily time frame.
- A support zone ranging from 2.36 to 2.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.19 from a trend line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 2.45 to 2.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.82 from a trend line in the daily time frame.
- Resistance @2.89 from a trend line in the weekly time frame.
- Resistance @3.19 from a trend line in the daily time frame.
- Resistance @3.36 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for IBRX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IBRX is down. |
| ChartMill Relative Strength | 14.28 | NEGATIVE | IBRX has a low relative strength, it was outperformed by 85.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IBRX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IBRX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IBRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.38 | NEUTRAL | The RSI value for IBRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests IBRX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.04 | OVERSOLD | The low Stochastics value suggests IBRX may be oversold. |
| Average True Range in percent/ATR (20) | 6.49 | HIGH VOLATILITY | The high ATR as a percentage value for IBRX suggests high volalility. |
| Average Directional Index/ADX (14) | 15.34 | NEGATIVE | The low ADX value for IBRX 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)
2.44
+0.04 (+1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.46%
1 Week2.95%
2 Weeks-14.69%
1 Month-13.17%
3 Month17.87%
6 Month-27.38%
12 Month-46.26%
2 Year51.55%
3 Year-39%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%6.49%
ATR Inc-52.99%
Range Today0.06
ADR(20)0.16
ADR(20)%6.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.28
Mansfield-3.26
10 Day High2.91
10 Day Low2.33
20 Day High3.11
20 Day Low2.33
52 Week High7.48
52 Week Low1.83
CS1 End2.41
CR1 Start2.45
Volume & EV
DER(3)5.91%
DER(5)6.2%
Volume4.76M
Volume Incr-24.69%
Vol(5)5.90M
Vol(50)8.48M