ISHARES ULTRA SHORT DURATION (ICSH) Stock Technical Analysis
NYSEARCA:ICSH - NYSE Arca - US46434V8789 - ETF - Currency: USD
Overall ICSH gets a technical rating of 4 out of 10. In the past year, ICSH was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, ICSH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 50.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 50.52, a Stop Loss order could be placed below this zone.
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49.67
When analyzing the support we notice one important area.
- A support zone ranging from 50.17 to 50.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 50.56 to 50.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for ICSH is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ICSH is neutral. |
| ChartMill Relative Strength | 42.48 | NEUTRAL | ICSH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ICSH is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ICSH is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ICSH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.49 | NEUTRAL | The RSI value for ICSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ICSH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.39 | NEUTRAL | The Stochastics value for ICSH is a neutral value. |
| Average True Range in percent/ATR (20) | 0.06 | LOW VOLATILITY | The low ATR as a percentage value for ICSH suggests low volalility. |
| Average Directional Index/ADX (14) | 21.23 | NEUTRAL | The ADX value for ICSH suggests a possible start of a new trend. |
50.55
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