ISHARES COPPER AND METALS (ICOP) Stock Technical Analysis
USA - NASDAQ:ICOP - US46436E1890 - ETF
36.1499 USD
+0.44 (+1.23%)
36.64 USD
+0.49 (+1.36%)
We assign a technical rating of 8 out of 10 to ICOP. Although ICOP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: ICOP has an average volume of 19045 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!
A new 52 week high is currently being made by ICOP, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month ICOP has a been trading in the 31.86 - 36.16 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, ICOP did better than 77% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Volume is considerably higher in the last couple of days.
Although ICOP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
21.32
36.51
5 important support areas can be observed.
- A support zone ranging from 35.06 to 35.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 34.12 to 34.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @33.15 from a trend line in the daily time frame.
- A support zone ranging from 32.09 to 32.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.54 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for ICOP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ICOP is up. |
| ChartMill Relative Strength | 77.51 | POSITIVE | ICOP has a high relative strength, it outperformed 77.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ICOP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ICOP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ICOP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.5 | OVERBOUGHT | The high RSI value suggests ICOP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests ICOP has a positive trend. |
| Stochastics (14,3) | 92.58 | OVERBOUGHT | The high Stochastics value suggests ICOP may be overbought. |
| Average True Range in percent/ATR (20) | 1.49 | LOW VOLATILITY | The low ATR as a percentage value for ICOP suggests low volalility. |
| Average Directional Index/ADX (14) | 38.63 | POSITIVE | The high ADX value value for ICOP suggests a strong 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)
36.1499
+0.44 (+1.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.23%
1 Week4.25%
2 Weeks5.02%
1 Month12.6%
3 Month21.96%
6 Month36.31%
12 Month11.54%
2 Year50.45%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.52
ATR(20)%1.49%
ATR Inc-11%
Range Today0.45
ADR(20)0.46
ADR(20)%1.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.51
Mansfield1.41
10 Day High36.16
10 Day Low33.9
20 Day High36.16
20 Day Low31.86
52 Week High36.16
52 Week Low21.1
CS1 End35.15
CR1 StartN/A
Volume & EV
DER(3)-7.23%
DER(5)-3.83%
Volume35.00K
Volume Incr81.05%
Vol(5)30.64K
Vol(50)19.05K