ICHOR HOLDINGS LTD (ICHR) Stock Technical Analysis
USA - NASDAQ:ICHR - KYG4740B1059 - Common Stock
Taking everything into account, ICHR scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ICHR is a bad performer.
Besides having an excellent technical rating, ICHR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 23.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.62, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ICHR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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17.41
4 important support areas can be observed.
- A support zone ranging from 22.43 to 22.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.05 to 21.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @19.57 from a trend line in the daily time frame.
- Support @17.59 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 23.46 to 23.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.18 from a trend line 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 | UP | POSITIVE | The long term trend for ICHR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ICHR is up. |
| ChartMill Relative Strength | 31.06 | NEUTRAL | ICHR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ICHR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ICHR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ICHR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.84 | NEUTRAL | The RSI value for ICHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests ICHR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.9 | OVERBOUGHT | The high Stochastics value suggests ICHR may be overbought. |
| Average True Range in percent/ATR (20) | 6.56 | HIGH VOLATILITY | The high ATR as a percentage value for ICHR suggests high volalility. |
| Average Directional Index/ADX (14) | 18.97 | NEGATIVE | The low ADX value for ICHR suggests a weak or negative 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 |
|---|---|---|---|
| 23.76 | 22.42 | 1.34 (5.64%) | 17.73% |
| An entry @23.76. This is a Buy Stop order right above the resistance zone. | An exit @22.42. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.34 points, which is 5.64%. | When investing 17.73% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ICHR. 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.
22.63
-0.82 (-3.52%)
ICHOR HOLDINGS LTD / ICHR FAQ
What is the ChartMill technical rating of ICHOR HOLDINGS LTD (ICHR) stock?
ChartMill assigns a technical rating of 7 / 10 to ICHR.
What is the current trend direction of ICHOR HOLDINGS LTD (ICHR) stock?
The current trend direction for ICHOR HOLDINGS LTD (ICHR) is Bullish.
What is the RSI signal for ICHOR HOLDINGS LTD (ICHR) stock?
ICHOR HOLDINGS LTD (ICHR) has an RSI value of 58.8388. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ICHOR HOLDINGS LTD?
The MACD indicator for ICHOR HOLDINGS LTD (ICHR) has a value of 0.10068, indicating a bearish trend.
What is the support and resistance level for ICHR stock?
ICHOR HOLDINGS LTD (ICHR) has a support level at 22.62 and a resistance level at 23.46. Check the full technical report for our detailed analysis of ICHR support and resistance levels.