ICOP Technical Analysis - ICOP SPA

Technical Rating and Analysis

Overall ICOP gets a technical rating of 6 out of 10. ICOP has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

100% of all other stocks performed better in the past year than ICOP.

ICOP is one of the lesser performing stocks in the Construction & Engineering industry. 82% of 42 stocks in the same industry do better.

Warning: ICOP has an average volume of 23435 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month ICOP has a been trading in the 12.35 - 21.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

ICOP 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

13.09

17.88

We found 3 important support areas.

A support zone ranging from 17.45 to 17.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 15.40 to 15.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 13.22 to 13.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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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 ICOP.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ICOP.MI is up.
ChartMill Relative Strength	0	NEGATIVE	ICOP.MI has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ICOP.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ICOP.MI is above the rising SMA(50).
Relative Strength Index/RSI (14)	60.2	NEUTRAL	The RSI value for ICOP.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.12	NEGATIVE	The MACD value suggests ICOP.MI has a negative trend.
Stochastics (14,3)	59.91	NEUTRAL	The Stochastics value for ICOP.MI is a neutral value.
Average True Range in percent/ATR (20)	6.78	HIGH VOLATILITY	The high ATR as a percentage value for ICOP.MI suggests high volalility.
Average Directional Index/ADX (14)	44.17	POSITIVE	The high ADX value value for ICOP.MI suggests a strong trend.