ICON ENERGY CORP (ICON) Technical Analysis
NASDAQ:ICON • MHY4001C3055
Current stock price
ICON Technical Rating and Analysis
Overall ICON gets a technical rating of 1 out of 10. ICON'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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 99% of all other stocks performed better in the past year than ICON.
- ICON is one of the lesser performing stocks in the Marine Transportation industry. 91% of 35 stocks in the same industry do better.
- ICON is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month ICON has a been trading in the 0.78 - 1.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
ICON Weekly and Daily overview Charts
ICON Setup Rating and Analysis
ICON has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
ICON Support and Resistance Analysis
1.01
2 important support areas can be observed.
- A support zone ranging from 1.06 to 1.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.02 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.12 to 1.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
ICON 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 | DOWN | NEGATIVE | The long term trend for ICON is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ICON is down. |
| ChartMill Relative Strength | 1.72 | NEGATIVE | ICON has a low relative strength, it was outperformed by 98.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ICON is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ICON is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ICON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.84 | NEUTRAL | The RSI value for ICON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ICON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.11 | NEUTRAL | The Stochastics value for ICON is a neutral value. |
| Average True Range in percent/ATR (20) | 8.33 | HIGH VOLATILITY | The high ATR as a percentage value for ICON suggests high volalility. |
| Average Directional Index/ADX (14) | 20.31 | NEUTRAL | The ADX value for ICON suggests a possible start of a new trend. |
ICON Chart- and CandleStick Pattern Analysis
ICON Technicals: Chart, Performance Metrics, Trend & Indicators
1.07
+0.01 (+0.94%)
ICON ENERGY CORP / ICON TA FAQ
What is the ChartMill technical rating of ICON ENERGY CORP (ICON) stock?
ChartMill assigns a technical rating of 1 / 10 to ICON.
What is the current trend direction of ICON ENERGY CORP (ICON) stock?
The current trend direction for ICON ENERGY CORP (ICON) is Bearish.
Can you provide the RSI signal for ICON ENERGY CORP?
ICON ENERGY CORP (ICON) has an RSI value of 47.8446. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ICON ENERGY CORP?
The MACD indicator for ICON ENERGY CORP (ICON) has a value of 0.0297273, indicating a bearish trend.
Can you provide the buy/sell signal for ICON ENERGY CORP?
The buy/sell signal for ICON ENERGY CORP (ICON) is sell as both the short term and long term trends are negative.