INNV ID 10 BUFFER ETF QURTLY (IBUF) Stock Technical Analysis
NYSEARCA:IBUF - NYSE Arca - US45783Y1780 - ETF - Currency: USD
Taking everything into account, IBUF scores 7 out of 10 in our technical rating. Although IBUF is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, IBUF also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 27.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.77, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IBUF in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
24.75
2 important support areas can be observed.
- A support zone ranging from 27.46 to 27.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.00 to 25.40. 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 27.77 to 27.97. This zone is formed by a combination of multiple trend lines and important moving averages 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 IBUF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IBUF is up. |
| ChartMill Relative Strength | 54.38 | NEUTRAL | IBUF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IBUF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IBUF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IBUF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.63 | NEUTRAL | The RSI value for IBUF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IBUF has a positive trend. |
| Stochastics (14,3) | 80.91 | OVERBOUGHT | The high Stochastics value suggests IBUF may be overbought. |
| Average True Range in percent/ATR (20) | 0.44 | LOW VOLATILITY | The low ATR as a percentage value for IBUF suggests low volalility. |
| Average Directional Index/ADX (14) | 20.95 | NEUTRAL | The ADX value for IBUF suggests a possible start of a new 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 |
|---|---|---|---|
| 27.78 | 27.60 | 0.18 (0.65%) | 25.00% |
| An entry @27.78. This is a Buy Stop order right above the 10 day moving average. | An exit @27.60. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.18 points, which is 0.65%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.16%. |
- The distance between exit and entry is rather small compared to the average daily movement of IBUF. Please evaluate whether better entry and exit points can be found.
- 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.
27.76
-0.15 (-0.54%)