WisdomTree Indian Rupee Strategy (ICN) Technical Analysis
NYSEARCA:ICN
Current stock price
ICN Technical Rating and Analysis
Taking everything into account, ICN scores 8 out of 10 in our technical rating. Although ICN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Warning: ICN has an average volume of 2336 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- ICN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ICN has a been trading in the 20.46 - 22.84 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- When compared to the yearly performance of all other stocks, ICN outperforms 63% of them, which is more or less in line with the market.
ICN Weekly and Daily overview Charts
ICN Setup Rating and Analysis
ICN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 22.38, a Stop Loss order could be placed below this zone.
More info and screens
ICN Support and Resistance Analysis
20.86
2 important support areas can be observed.
- A support zone ranging from 21.76 to 22.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.07 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.65 to 22.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
ICN Technical Indicator Signal Analysis
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 ICN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ICN is up. |
| ChartMill Relative Strength | 63.03 | NEUTRAL | ICN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ICN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ICN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ICN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.23 | NEUTRAL | The RSI value for ICN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ICN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.14 | OVERBOUGHT | The high Stochastics value suggests ICN may be overbought. |
| Average True Range in percent/ATR (20) | 1.39 | LOW VOLATILITY | The low ATR as a percentage value for ICN suggests low volalility. |
ICN Chart- and CandleStick Pattern Analysis
ICN Example Setup
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 |
|---|---|---|---|
| 22.78 | 20.45 | 2.33 (10.23%) | 9.78% |
| An entry @22.78. This is a Buy Stop order right above the resistance zone. | An exit @20.45. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.33 points, which is 10.23%. | For a 1.00% total portfolio risk, you can invest 9.78% of your capital in this trade. |
- 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.
ICN Technicals: Chart, Performance Metrics, Trend & Indicators
WisdomTree Indian Rupee Strategy
NYSEARCA:ICN (3/22/2017, 8:25:14 PM)
22.63
0 (0%)
WisdomTree Indian Rupee Strategy / ICN TA FAQ
What is the technical rating for ICN stock?
ChartMill assigns a technical rating of 8 / 10 to ICN.
What is the trend direction for ICN stock?
The current trend direction for WisdomTree Indian Rupee Strategy (ICN) is Bullish.
What is the RSI signal for ICN stock?
WisdomTree Indian Rupee Strategy (ICN) has an RSI value of 57.2301. This indicates that the stock is currently neutral.
What is the MACD signal for ICN stock?
The MACD indicator for WisdomTree Indian Rupee Strategy (ICN) has a value of 0.0470794, indicating a bearish trend.
What is the short term momentum for WisdomTree Indian Rupee Strategy (ICN) stock?
The short term momentum for WisdomTree Indian Rupee Strategy (ICN) is positive.