IBEX TECHNOLOGIES INC (IBT.CA) Stock Technical Analysis
TSX-V:IBT • CA4489375085
Overall IBT gets a technical rating of 10 out of 10. Both in the recent history as in the last year, IBT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, IBT did better than 94% of all other stocks. On top of that, IBT also shows a nice and consistent pattern of rising prices.
- IBT is part of the Biotechnology industry. There are 22 other stocks in this industry. IBT outperforms 95% of them.
- IBT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month IBT has a been trading in a tight range between 1.41 and 1.45.
- Considerably lower volume is observed in the last couple of days.
IBT has an excellent technical rating, but the quality of the setup is only medium 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
0.84
4 important support areas can be observed.
- A support zone ranging from 1.39 to 1.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.14 from a horizontal line in the daily time frame.
- Support @0.94 from a trend line in the weekly time frame.
- A support zone ranging from 0.85 to 0.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.45 to 1.45. 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 IBT.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IBT.CA is up. |
| ChartMill Relative Strength | 94.53 | POSITIVE | IBT.CA has a high relative strength, it outperformed 94.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IBT.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IBT.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IBT.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.48 | OVERBOUGHT | The high RSI value suggests IBT.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests IBT.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 77.78 | NEUTRAL | The Stochastics value for IBT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.56 | LOW VOLATILITY | The low ATR as a percentage value for IBT.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 51.06 | POSITIVE | The high ADX value value for IBT.CA 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 |
|---|---|---|---|
| 1.46 | 1.41 | 0.05 (3.42%) | 25.00% |
| An entry @1.46. This is a Buy Stop order right above the resistance zone. | An exit @1.41. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.05 points, which is 3.42%. | For a 0.86% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
TSX-V:IBT (4/5/2024, 7:00:00 PM)
1.44
0 (0%)
IBEX TECHNOLOGIES INC / IBT.CA FAQ
Can you provide the ChartMill technical rating for IBEX TECHNOLOGIES INC?
ChartMill assigns a technical rating of 10 / 10 to IBT.CA.
What is the current trend direction of IBEX TECHNOLOGIES INC (IBT.CA) stock?
The current trend direction for IBEX TECHNOLOGIES INC (IBT.CA) is Bullish.
What is the RSI signal for IBT stock?
IBEX TECHNOLOGIES INC (IBT.CA) has an RSI value of 71.4756. This indicates that the stock is currently overbought.
Can you provide the MACD signal for IBEX TECHNOLOGIES INC?
The MACD indicator for IBEX TECHNOLOGIES INC (IBT.CA) has a value of -0.00725866, indicating a bearish trend.
What is the support and resistance level for IBT stock?
IBEX TECHNOLOGIES INC (IBT.CA) has a support level at 1.43 and a resistance level at 1.45. Check the full technical report for our detailed analysis of IBT.CA support and resistance levels.