IDACORP INC (IDA) Stock Technical Analysis
NYSE:IDA • US4511071064
Overall IDA gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IDA is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, IDA did better than 71% of all other stocks. We also observe that the gains produced by IDA over the past year are nicely spread over this period.
- IDA is one of the better performing stocks in the Electric Utilities industry, it outperforms 71% of 46 stocks in the same industry.
- IDA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IDA is lagging the market slightly.
- In the last month IDA has a been trading in the 130.72 - 145.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although IDA has an excellent technical rating, the quality of the presented setup is 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.
More info and screens
122.82
2 important support areas can be observed.
- A support zone ranging from 133.59 to 136.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 124.06 to 131.46. 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 | UP | POSITIVE | The long term trend for IDA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IDA is up. |
| ChartMill Relative Strength | 71.65 | POSITIVE | IDA has a high relative strength, it outperformed 71.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IDA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IDA is above the rising 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) | 60.44 | NEUTRAL | The RSI value for IDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests IDA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.69 | NEUTRAL | The Stochastics value for IDA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for IDA suggests some volalility. |
| Average Directional Index/ADX (14) | 29.66 | POSITIVE | The high ADX value value for IDA suggests a strong trend. |
139.89
+1.59 (+1.15%)
IDACORP INC / IDA FAQ
What is the technical rating for IDA stock?
ChartMill assigns a technical rating of 10 / 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 60.4364. 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 0.26347, indicating a bearish trend.
Can you provide the support and resistance levels for IDACORP INC?
IDACORP INC (IDA) has a support level at 136.24. Check the full technical report for our detailed analysis of IDA support and resistance levels.