ICL GROUP LTD (ICL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ICL - IL0002810146 - Common Stock
Overall ICL gets a technical rating of 1 out of 10. ICL'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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 80% of all other stocks performed better in the past year than ICL.
- ICL is part of the Chemicals industry. There are 82 other stocks in this industry, of which 70% are performing better than ICL.
- ICL 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.
- ICL has an average volume of 1050080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month ICL has a been trading in the 4.85 - 5.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
ICL has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
4.82
We found 3 important support areas.
- Support @5.05 from a trend line in the weekly time frame.
- Support @4.97 from a horizontal line in the weekly time frame.
- Support @4.87 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 5.57 to 5.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.80 to 5.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.00 from a trend line in the weekly time frame.
- Resistance @6.41 from a trend line in the daily time frame.
- Resistance @7.03 from a horizontal 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 ICL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ICL is neutral. |
| ChartMill Relative Strength | 20.64 | NEGATIVE | ICL has a low relative strength, it was outperformed by 79.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ICL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ICL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ICL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.84 | NEUTRAL | The RSI value for ICL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ICL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 40.4 | NEUTRAL | The Stochastics value for ICL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for ICL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.8 | NEUTRAL | The ADX value for ICL suggests a possible start of a new trend. |
5.51
+0.1 (+1.85%)
ICL GROUP LTD / ICL FAQ
Can you provide the ChartMill technical rating for ICL GROUP LTD?
ChartMill assigns a technical rating of 1 / 10 to ICL.
Can you provide the trend direction for ICL GROUP LTD?
The current trend direction for ICL GROUP LTD (ICL) is Bearish.
Can you provide the RSI signal for ICL GROUP LTD?
ICL GROUP LTD (ICL) has an RSI value of 52.837. This indicates that the stock is currently neutral.
What is the support and resistance level for ICL stock?
ICL GROUP LTD (ICL) has a support level at 5.05 and a resistance level at 5.57. Check the full technical report for our detailed analysis of ICL support and resistance levels.