IDAI Technical Analysis - T STAMP INC-CLASS A

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to IDAI. IDAI has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.

IDAI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month IDAI has a been trading in the 2.70 - 4.81 range, which is quite wide. It is currently trading near the lows of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

When comparing the yearly performance of all stocks, we notice that IDAI is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

IDAI is an average performer in the Software industry, it outperforms 63% of 279 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

T STAMP INC-CLASS A / IDAI Weekly stock chart

T STAMP INC-CLASS A / IDAI Daily stock chart

Setup Rating and Analysis

IDAI 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.45

3.39

When analyzing the support we can see 3 important areas.

A support zone ranging from 3.05 to 3.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 2.92 to 2.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @2.47 from a trend line in the daily time frame.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for IDAI is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for IDAI is neutral.
ChartMill Relative Strength	75.23	POSITIVE	IDAI has a high relative strength, it outperformed 75.23% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of IDAI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of IDAI is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of IDAI is above a declining SMA(200).
Relative Strength Index/RSI (14)	63.28	NEUTRAL	The RSI value for IDAI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests IDAI has a positive trend.
Stochastics (14,3)	26.67	NEUTRAL	The Stochastics value for IDAI is a neutral value.
Average True Range in percent/ATR (20)	11.57	HIGH VOLATILITY	The high ATR as a percentage value for IDAI suggests high volalility.
Average Directional Index/ADX (14)	29.09	POSITIVE	The high ADX value value for IDAI suggests a strong trend.