IBOTTA INC-CL A (IBTA) Technical Analysis
NYSE:IBTA • US4510511060
We assign a technical rating of 4 out of 10 to IBTA. In the past year, IBTA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 84% of all other stocks performed better in the past year than IBTA.
- IBTA 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.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- IBTA is an average performer in the Media industry, it outperforms 51% of 91 stocks in the same industry.
- In the last month IBTA has a been trading in the 19.10 - 29.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IBTA has an average technical rating and it also does not offer a high 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
20.30
2 important support areas can be observed.
- Support @20.98 from a trend line in the daily time frame.
- A support zone ranging from 20.50 to 20.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @24.97 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 25.76 to 25.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.35 from a horizontal line in the daily time frame.
- Resistance @28.72 from a trend 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 IBTA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IBTA is up. |
| ChartMill Relative Strength | 16.1 | NEGATIVE | IBTA has a low relative strength, it was outperformed by 83.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IBTA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IBTA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IBTA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.72 | NEUTRAL | The RSI value for IBTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests IBTA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.53 | NEUTRAL | The Stochastics value for IBTA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.65 | HIGH VOLATILITY | The high ATR as a percentage value for IBTA suggests high volalility. |
| Average Directional Index/ADX (14) | 27.95 | POSITIVE | The high ADX value value for IBTA suggests a strong trend. |
IBTA Technicals: Chart, Performance Metrics, Trend & Indicators
23.98
-1.67 (-6.51%)
IBOTTA INC-CL A / IBTA FAQ
What is the ChartMill technical rating of IBOTTA INC-CL A (IBTA) stock?
ChartMill assigns a technical rating of 4 / 10 to IBTA.
Can you provide the trend direction for IBOTTA INC-CL A?
The current trend direction for IBOTTA INC-CL A (IBTA) is Bearish.
What is the RSI signal for IBTA stock?
IBOTTA INC-CL A (IBTA) has an RSI value of 55.7191. This indicates that the stock is currently neutral.
What is the short term momentum for IBOTTA INC-CL A (IBTA) stock?
The short term momentum for IBOTTA INC-CL A (IBTA) is positive.
What is the support and resistance level for IBTA stock?
IBOTTA INC-CL A (IBTA) has a support level at 20.98 and a resistance level at 24.97. Check the full technical report for our detailed analysis of IBTA support and resistance levels.