IDACORP INC (IDA) Stock Technical Analysis
USA - NYSE:IDA - US4511071064 - Common Stock
Taking everything into account, IDA scores 6 out of 10 in our technical rating. 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.
IDA has an average technical rating and also the quality of the setup is only medium 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
109.90
We found 4 important support areas.
- A support zone ranging from 128.07 to 129.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 119.04 to 121.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @116.43 from a trend line in the daily time frame.
- A support zone ranging from 111.01 to 113.47. 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 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 | DOWN | NEGATIVE | The short term trend for IDA is down. |
| ChartMill Relative Strength | 70.86 | POSITIVE | IDA has a high relative strength, it outperformed 70.86% 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 | MIXED | The current price of IDA is below 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) | 41.89 | NEUTRAL | The RSI value for IDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.97 | NEGATIVE | The MACD value suggests IDA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.15 | OVERSOLD | The low Stochastics value suggests IDA may be oversold. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for IDA suggests low volalility. |
| Average Directional Index/ADX (14) | 32.5 | POSITIVE | The high ADX value value for IDA suggests a strong trend. |
129.44
+1.46 (+1.14%)
IDACORP INC / IDA FAQ
What is the technical rating for IDA stock?
ChartMill assigns a technical rating of 6 / 10 to IDA.
What is the trend direction for IDA stock?
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 41.8933. This indicates that the stock is currently neutral.
What is the MACD signal for IDACORP INC (IDA) stock?
The MACD indicator for IDACORP INC (IDA) has a value of -0.968472, indicating a bearish trend.
What is the buy/sell signal for IDACORP INC (IDA) stock?
The buy/sell signal for IDACORP INC (IDA) is hold as the short term and long term trends are mixed.