IDACORP INC (IDA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IDA - US4511071064 - Common Stock
We assign a technical rating of 3 out of 10 to IDA. In the last year, IDA was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
IDA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 126.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 126.56, a Stop Loss order could be placed below this zone.
More info and screens
112.34
When analyzing the support we can see 3 important areas.
- A support zone ranging from 124.34 to 126.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @119.72 from a horizontal line in the daily time frame.
- Support @113.47 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 126.99 to 128.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 135.88 to 137.71. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for IDA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IDA is neutral. |
| ChartMill Relative Strength | 64.16 | NEUTRAL | IDA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IDA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IDA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IDA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.71 | NEUTRAL | The RSI value for IDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests IDA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.09 | NEUTRAL | The Stochastics value for IDA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.45 | LOW VOLATILITY | The low ATR as a percentage value for IDA suggests low volalility. |
| Average Directional Index/ADX (14) | 12.92 | NEGATIVE | The low ADX value for IDA suggests a weak or negative trend. |
126.56
-0.88 (-0.69%)
IDACORP INC / IDA FAQ
What is the technical rating for IDA stock?
ChartMill assigns a technical rating of 3 / 10 to IDA.
Can you provide the trend direction for IDACORP INC?
The current trend direction for IDACORP INC (IDA) is Bullish.
What is the RSI signal for IDACORP INC (IDA) stock?
IDACORP INC (IDA) has an RSI value of 45.7071. This indicates that the stock is currently neutral.
What is the MACD signal for IDA stock?
The MACD indicator for IDACORP INC (IDA) has a value of 0.216833, indicating a bearish trend.
Can you provide the support and resistance levels for IDACORP INC?
IDACORP INC (IDA) has a support level at 126.56 and a resistance level at 126.99. Check the full technical report for our detailed analysis of IDA support and resistance levels.