ICORECONNECT INC (ICCT) Stock Technical Analysis
NASDAQ:ICCT - Nasdaq - US4509583013 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to ICCT. ICCT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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.
95% of all other stocks performed better in the past year than ICCT.
ICCT is part of the Health Care Technology industry. There are 36 other stocks in this industry, of which 74% are performing better than ICCT.
ICCT 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.
In the last month ICCT has a been trading in the 1.40 - 4.30 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
ICCT has an average volume of 23309400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
ICCT has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
1.71
2.29
We found 2 important support areas.
- Support @1.77 from a horizontal line in the weekly time frame.
- Support @1.73 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.25 to 2.27. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly 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 ICCT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ICCT is neutral. |
| ChartMill Relative Strength | 5.05 | NEGATIVE | ICCT has a low relative strength, it was outperformed by 94.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ICCT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ICCT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ICCT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.57 | NEUTRAL | The RSI value for ICCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ICCT has a negative trend. |
| Stochastics (14,3) | 26.29 | NEUTRAL | The Stochastics value for ICCT is a neutral value. |
| Average True Range in percent/ATR (20) | 27.9 | HIGH VOLATILITY | The high ATR as a percentage value for ICCT suggests high volalility. |
| Average Directional Index/ADX (14) | 26.4 | POSITIVE | The high ADX value value for ICCT 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)
1.86
-0.39 (-17.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg-17.33%
1 Week-24.08%
2 Weeks-10.58%
1 Month-32.85%
3 Month-9.27%
6 Month-45.29%
12 Month-90.7%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%27.9%
ATR Inc-45.74%
Range Today0.49
ADR(20)0.49
ADR(20)%26.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.05
Mansfield-7.4
10 Day High4.3
10 Day Low1.4
20 Day High4.3
20 Day Low1.4
52 Week High20.6
52 Week Low0.24
CS1 End1.77
CR1 Start2.25
Volume & EV
DER(3)-1.93%
DER(5)-1.12%
Volume1.69M
Volume Incr-82.83%
Vol(5)1.58M
Vol(50)23.31M