ISHARES MSCI COLOMBIA ETF (ICOL) Stock Technical Analysis
USA - NYSEARCA:ICOL - US46434G2021 - ETF
9.02 USD
-0.02 (-0.22%)
We assign a technical rating of 1 out of 10 to ICOL. ICOL'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.
When comparing the yearly performance of all stocks, ICOL is a bad performer in the overall market: 61% of all stocks are doing better.
ICOL 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.
ICOL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Although the technical rating is bad, ICOL does present a nice setup opportunity. 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 9.32. Right above this resistance zone may be a good entry point.
More info and screens
7.97
12.71
3 important support areas can be observed.
- A support zone ranging from 8.90 to 8.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.30 from a horizontal line in the weekly time frame.
- A support zone ranging from 8.05 to 8.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 9.32 to 9.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.47 to 11.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.58 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 ICOL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ICOL is neutral. |
| ChartMill Relative Strength | 39.64 | NEUTRAL | ICOL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ICOL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ICOL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ICOL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.18 | NEUTRAL | The RSI value for ICOL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ICOL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.46 | NEUTRAL | The Stochastics value for ICOL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for ICOL suggests low volalility. |
| Average Directional Index/ADX (14) | 17.97 | NEGATIVE | The low ADX value for ICOL suggests a weak or negative trend. |
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)
NYSEARCA:ICOL (8/22/2022, 8:19:14 PM)
9.02
-0.02 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.22%
1 Week-2.28%
2 Weeks1.35%
1 Month6.87%
3 Month-20.07%
6 Month-17.43%
12 Month-11.35%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%1.71%
ATR Inc-56.06%
Range Today0.05
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
CRS39.64
Mansfield-0.99
10 Day High9.35
10 Day Low8.83
20 Day High9.35
20 Day Low8.41
52 Week High12.77
52 Week Low8
CS1 End8.95
CR1 Start9.32
Volume & EV
DER(3)1.79%
DER(5)0.64%
Volume4.10K
Volume Incr54.69%
Vol(5)58.04K
Vol(50)56.13K