WisdomTree Indian Rupee Strategy (ICN) Stock Technical Analysis
NYSEARCA:ICN - NYSE Arca -
Taking everything into account, ICN scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ICN is only an average performer.
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. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
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.
Besides having an excellent technical rating, ICN 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
20.86
23.00
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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.03
Mansfield-0.25
10 Day High22.84
10 Day Low20.46
20 Day High22.84
20 Day Low20.46
52 Week High22.84
52 Week Low19.45
Performance
1 Week0.09%
2 Weeks1.98%
1 Month2.96%
3 Month4.67%
6 Month4.24%
12 Month7.05%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.05
RSI(14)57.23
LBB21.21
UBB23.44
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%. | When investing 9.78% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
WisdomTree Indian Rupee Strategy
NYSEARCA:ICN (3/22/2017, 8:25:14 PM)
22.63
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0.09%
2 Weeks1.98%
1 Month2.96%
3 Month4.67%
6 Month4.24%
12 Month7.05%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%1.39%
ATR Inc-79.76%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.03
Mansfield-0.25
10 Day High22.84
10 Day Low20.46
20 Day High22.84
20 Day Low20.46
52 Week High22.84
52 Week Low19.45
CS1 End22.38
CR1 Start22.65
Volume & EV
DER(3)0%
DER(5)0%
Volume1.00K
Volume Incr-73.38%
Vol(5)920
Vol(50)2.34K