IDACORP INC (IDA) Stock Technical Analysis
NYSE:IDA - New York Stock Exchange, Inc. - US4511071064 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to IDA. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IDA is only an average performer.
Besides having an excellent technical rating, IDA also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 118.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 116.17, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
107.69
When analyzing the support we can see 2 important areas.
- A support zone ranging from 111.01 to 116.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @108.78 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 118.91 to 119.72. 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 | UP | POSITIVE | The short term trend for IDA is up. |
| ChartMill Relative Strength | 63.05 | NEUTRAL | IDA is not amongst the best or worst performers 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) | 59.01 | NEUTRAL | The RSI value for IDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests IDA has a positive trend. |
| Stochastics (14,3) | 84.95 | OVERBOUGHT | The high Stochastics value suggests IDA may be overbought. |
| Average True Range in percent/ATR (20) | 1.5 | LOW VOLATILITY | The low ATR as a percentage value for IDA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.69 | NEGATIVE | The low ADX value for IDA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 119.73 | 113.81 | 5.92 (4.94%) | 20.22% |
| An entry @119.73. This is a Buy Stop order right above the resistance zone. | An exit @113.81. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.92 points, which is 4.94%. | For a 1.00% total portfolio risk, you can invest 20.22% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
117.58
-0.32 (-0.27%)