IDACORP INC (IDA)

US4511071064 - Common Stock

94.78  -0.11 (-0.12%)

After market: 94.78 0 (0%)

Technical Rating and Analysis

6

Overall IDA gets a technical rating of 6 out of 10. IDA has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

When comparing the yearly performance of all stocks, IDA is a bad performer in the overall market: 73% of all stocks are doing better.
IDA is one of the lesser performing stocks in the Electric Utilities industry. 68% of 45 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month IDA has a been trading in the 88.70 - 95.88 range, which is quite wide. It is currently trading near the high of this range.
IDA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IDA is lagging the market slightly.
Weekly and Daily overview Charts
IDA Weekly chart
IDA Daily chart
Setup Rating and Analysis

7

IDA has an average technical rating and the quality of the presented setup is also 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.

Support and Resistance Analysis

86.07

110.02

3 important support areas can be observed.

  • A support zone ranging from 92.57 to 94.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @89.52 from a horizontal line in the daily time frame.
  • A support zone ranging from 86.94 to 87.05. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 5 important areas.

  • Resistance @94.79 from a horizontal line in the weekly time frame.
  • A resistance zone ranging from 97.36 to 98.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Resistance @101.53 from a horizontal line in the daily time frame.
  • Resistance @105.15 from a trend line in the weekly time frame.
  • Resistance @108.93 from a horizontal line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.74
Mansfield-1.06
10 Day High95.88
10 Day Low89.61
20 Day High95.88
20 Day Low88.7
52 Week High111.26
52 Week Low86.43
Performance
1 Week0.71%
2 Weeks6.32%
1 Month2.6%
3 Month2.83%
6 Month-5.92%
12 Month-14.59%
2 Year-9.89%
3 Year-7.51%
5 Year-4.28%
10 Year68.83%
15 Year295.41%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.27
RSI(14)62
LBB88.8
UBB96.85
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.

ENTRYEXITDISTANCECAPITAL
94.8092.562.24 (2.36%)25.00%
An entry @94.80. This is a Buy Stop order right above the resistance zone.An exit @92.56. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 2.24 points, which is 2.36%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.59%.

  • 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 Daily chart

IDACORP INC

NYSE:IDA (4/30/2024, 7:04:12 PM)

After market: 94.78 0 (0%)

94.78

-0.11 (-0.12%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.12%
1 Week0.71%
2 Weeks6.32%
1 Month2.6%
3 Month2.83%
6 Month-5.92%
12 Month-14.59%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.46
ATR(20)%1.58%
ATR Inc
Range Today1.23
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High95.88
10 Day Low89.61
20 Day High95.88
20 Day Low88.7
52 Week High111.26
52 Week Low86.43
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume204.80K
Volume Incr-2.51%
Vol(5)354.50K
Vol(50)414.51K