IDACORP INC (IDA) Technical Analysis
NYSE:IDA • US4511071064
Current stock price
IDA Technical Rating and Analysis
Overall IDA gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, IDA did better than 80% 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 is also trading in the upper part of its 52 week range, so IDA is performing more or less in line with the market.
- In the last month IDA has a been trading in a tight range between 137.32 and 144.80.
IDA Weekly and Daily overview Charts
IDA Setup Rating and Analysis
Besides having an excellent technical rating, IDA also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
IDA Support and Resistance Analysis
123.10
When analyzing the support we can see 2 important areas.
- Support @139.78 from a trend line in the daily time frame.
- A support zone ranging from 124.34 to 131.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 141.66 to 144.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
IDA Technical Indicator Signal Analysis
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 | 80.03 | POSITIVE | IDA has a high relative strength, it outperformed 80.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IDA is below a declining 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) | 47.65 | NEUTRAL | The RSI value for IDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.59 | NEGATIVE | The MACD value suggests IDA has a negative trend. |
| Stochastics (14,3) | 44.77 | NEUTRAL | The Stochastics value for IDA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for IDA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.52 | NEGATIVE | The low ADX value for IDA suggests a weak or negative trend. |
IDA Chart- and CandleStick Pattern Analysis
IDA Example Setup
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 |
|---|---|---|---|
| 141.67 | 139.77 | 1.90 (1.34%) | 25.00% |
| An entry @141.67. This is a Buy Stop order right above the 10 day moving average. | An exit @139.77. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.90 points, which is 1.34%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.34%. |
- The distance between exit and entry is rather small compared to the average daily movement of IDA. Please evaluate whether better entry and exit points can be found.
- 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.
IDA Technicals: Chart, Performance Metrics, Trend & Indicators
139.83
-2.45 (-1.72%)
IDACORP INC / IDA TA FAQ
What is the technical rating for IDA stock?
ChartMill assigns a technical rating of 9 / 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 47.6515. 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 -0.594702, indicating a bearish trend.
Can you provide the support and resistance levels for IDACORP INC?
IDACORP INC (IDA) has a support level at 139.78 and a resistance level at 141.66. Check the full technical report for our detailed analysis of IDA support and resistance levels.