IBOTTA INC-CL A (IBTA) Stock Technical Analysis
NYSE:IBTA • US4510511060
Taking everything into account, IBTA scores 0 out of 10 in our technical rating. IBTA 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 91% of all other stocks performed better in the past year than IBTA.
- IBTA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- IBTA is an average performer in the Media industry, it outperforms 41% of 91 stocks in the same industry.
- In the last month IBTA has a been trading in the 19.10 - 24.53 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IBTA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for IBTA in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
20.33
When analyzing the support we notice one important area.
- A support zone ranging from 20.54 to 20.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 23.85 to 24.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.65 from a trend line in the weekly time frame.
- Resistance @29.31 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 | NEUTRAL | NEUTRAL | The short term trend for IBTA is neutral. |
| ChartMill Relative Strength | 9.81 | NEGATIVE | IBTA has a low relative strength, it was outperformed by 90.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IBTA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of IBTA is above a declining 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) | 53.77 | NEUTRAL | The RSI value for IBTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests IBTA has a positive trend. |
| Stochastics (14,3) | 76.75 | NEUTRAL | The Stochastics value for IBTA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.9 | HIGH VOLATILITY | The high ATR as a percentage value for IBTA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.36 | NEUTRAL | The ADX value for IBTA suggests a possible start of a new trend. |
22.16
+0.6 (+2.78%)
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 0 / 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 53.7684. 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 neutral.
What is the support and resistance level for IBTA stock?
IBOTTA INC-CL A (IBTA) has a support level at 20.58 and a resistance level at 23.85. Check the full technical report for our detailed analysis of IBTA support and resistance levels.