IBTA Technical Analysis - IBOTTA INC-CL A

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to IBTA. Recently some decent action could be observed, but in the medium term time frame this is still negative. IBTA was also a bad performer in the overall market in the last year.

94% of all other stocks performed better in the past year than IBTA.

IBTA is one of the lesser performing stocks in the Media industry. 69% of 95 stocks in the same industry do better.

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.

In the last month IBTA has a been trading in the 25.30 - 32.19 range, which is quite wide. It is currently trading near the high of this range.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

IBOTTA INC-CL A / IBTA Weekly stock chart

IBOTTA INC-CL A / IBTA Daily stock chart

Setup Rating and Analysis

IBTA has a poor technical rating and the quality of the setup is also not perfect 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

25.21

37.05

3 important support areas can be observed.

A support zone ranging from 30.80 to 31.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @27.50 from a trend line in the daily time frame.
Support @25.46 from a horizontal line in the daily time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 31.97 to 31.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @32.76 from a trend line in the weekly time frame.
Resistance @36.68 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

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	6.87	NEGATIVE	IBTA has a low relative strength, it was outperformed by 93.13% 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)	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)	69.69	NEUTRAL	The RSI value for IBTA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.34	POSITIVE	The MACD value suggests IBTA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	89.85	OVERBOUGHT	The high Stochastics value suggests IBTA may be overbought.
Average True Range in percent/ATR (20)	3.49	MEDIUM VOLATILITY	The ATR as a percentage value for IBTA suggests some volalility.
Average Directional Index/ADX (14)	26.03	POSITIVE	The high ADX value value for IBTA suggests a strong trend.