IDACORP INC (IDA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IDA - US4511071064 - Common Stock
We assign a technical rating of 8 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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 124.81 - 134.90 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, IDA turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
- IDA is an average performer in the Electric Utilities industry, it outperforms 66% of 46 stocks in the same industry.
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
112.34
When analyzing the support we can see 2 important areas.
- A support zone ranging from 124.34 to 129.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @113.47 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for IDA is up. |
| ChartMill Relative Strength | 69.82 | 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) | 57.65 | NEUTRAL | The RSI value for IDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests IDA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.1 | OVERBOUGHT | The high Stochastics value suggests IDA may be overbought. |
| Average True Range in percent/ATR (20) | 1.55 | LOW VOLATILITY | The low ATR as a percentage value for IDA suggests low volalility. |
| Average Directional Index/ADX (14) | 22.38 | NEUTRAL | The ADX value for IDA suggests a possible start of a new 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 |
|---|---|---|---|
| 134.91 | 127.41 | 7.50 (5.56%) | 18.00% |
| An entry @134.91. This is a Buy Stop order right above the 10 day high. | An exit @127.41. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 7.50 points, which is 5.56%. | For a 1.00% total portfolio risk, you can invest 18.00% 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.
132.16
-1.54 (-1.15%)
IDACORP INC / IDA FAQ
What is the technical rating for IDA stock?
ChartMill assigns a technical rating of 8 / 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 57.6456. 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 0.516078, indicating a bearish trend.
Can you provide the support and resistance levels for IDACORP INC?
IDACORP INC (IDA) has a support level at 129.57 and a resistance level at 135.88. Check the full technical report for our detailed analysis of IDA support and resistance levels.