Taking everything into account, ICMB scores 4 out of 10 in our technical rating. In the last year, ICMB was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
ICMB has an average technical rating and the quality of the presented setup is also not ideal 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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When analyzing the support we can see 4 important areas.
- Support @2.91 from a trend line in the weekly time frame.
- A support zone ranging from 2.77 to 2.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.69 to 2.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.55 to 2.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 2.98 to 3.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.07 from a trend line in the weekly time frame.
- Resistance @3.12 from a horizontal line in the daily time frame.
- Resistance @3.24 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 3.30 to 3.34. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for ICMB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ICMB is up. |
| ChartMill Relative Strength | 33.08 | NEUTRAL | ICMB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ICMB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ICMB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ICMB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.56 | NEUTRAL | The RSI value for ICMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ICMB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.33 | OVERBOUGHT | The high Stochastics value suggests ICMB may be overbought. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for ICMB suggests some volalility. |
| Average Directional Index/ADX (14) | 17.45 | NEGATIVE | The low ADX value for ICMB suggests a weak or negative trend. |
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INVESTCORP CREDIT MANAGEMENT / ICMB FAQ
What is the technical rating for ICMB stock?
ChartMill assigns a technical rating of 4 / 10 to ICMB.
What is the trend direction for ICMB stock?
The current trend direction for INVESTCORP CREDIT MANAGEMENT (ICMB) is Bearish.
What is the RSI signal for INVESTCORP CREDIT MANAGEMENT (ICMB) stock?
INVESTCORP CREDIT MANAGEMENT (ICMB) has an RSI value of 57.5581. This indicates that the stock is currently neutral.
What is the MACD signal for INVESTCORP CREDIT MANAGEMENT (ICMB) stock?
The MACD indicator for INVESTCORP CREDIT MANAGEMENT (ICMB) has a value of 0.025903, indicating a bearish trend.
What are the support and resistance levels for INVESTCORP CREDIT MANAGEMENT (ICMB) stock?
INVESTCORP CREDIT MANAGEMENT (ICMB) has a support level at 2.91 and a resistance level at 2.98. Check the full technical report for our detailed analysis of ICMB support and resistance levels.