IBEX TECHNOLOGIES INC (IBT.CA) Stock Technical Analysis
TSX-V:IBT - TSX Venture Exchange - CA4489375085 - Common Stock - Currency: CAD
Taking everything into account, IBT scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IBT is showing a nice and steady performance.
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 one of the better performing stocks in the Biotechnology industry, it outperforms 95% of 24 stocks in the same industry.
IBT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so IBT is leading 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
1.46
When analyzing the support we can see 4 important areas.
- 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.
We found 1 important resistance 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. |
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)
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%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.86%. |
- 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week0.7%
2 Weeks1.41%
1 Month2.86%
3 Month26.32%
6 Month48.45%
12 Month89.47%
2 Year157.14%
3 Year278.95%
5 Year860%
10 Year2300%
15 Year1700%
Volatility
ATR(14)0.01
ATR(20)%0.56%
ATR Inc-12.5%
Range Today0
ADR(20)0.01
ADR(20)%0.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.53
Mansfield1.69
10 Day High1.45
10 Day Low1.42
20 Day High1.45
20 Day Low1.41
52 Week High1.45
52 Week Low0.75
CS1 End1.43
CR1 Start1.45
Volume & EV
DER(3)0%
DER(5)0%
Volume200
Volume Incr-46.88%
Vol(5)15.55K
Vol(50)78.84K