IDEX BIOMETRICS ASA -ADR (IDBA) Stock Technical Analysis
NASDAQ:IDBA - Nasdaq - US45173W1053 - ADR - Currency: USD
Taking everything into account, IDBA scores 0 out of 10 in our technical rating. IDBA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
91% of all other stocks performed better in the past year than IDBA.
IDBA is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 85% of 125 stocks in the same industry do better.
IDBA is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so IDBA is lagging the market.
In the last month IDBA has a been trading in the 4.33 - 6.25 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. In combination with the strong move down this is a bad signal.
Warning: IDBA has an average volume of 2042 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Although the technical rating is bad, IDBA does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for IDBA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.83
8.48
4 important resistance areas can be observed.
- A resistance zone ranging from 4.92 to 4.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.41 to 5.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.14 from a trend line in the daily time frame.
- Resistance @8.40 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for IDBA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IDBA is down. |
| ChartMill Relative Strength | 9.25 | NEGATIVE | IDBA has a low relative strength, it was outperformed by 90.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IDBA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IDBA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IDBA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.89 | NEUTRAL | The RSI value for IDBA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IDBA has a positive trend. |
| Stochastics (14,3) | 23.6 | NEUTRAL | The Stochastics value for IDBA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.13 | HIGH VOLATILITY | The high ATR as a percentage value for IDBA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.68 | NEGATIVE | The low ADX value for IDBA suggests a weak or negative trend. |
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)
4.88
+0.08 (+1.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg1.67%
1 Week-6.15%
2 Weeks-6.69%
1 Month-5.24%
3 Month-28.34%
6 Month-29.28%
12 Month-50.83%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%8.13%
ATR Inc48.62%
Range Today0.55
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.25
Mansfield-3.44
10 Day High5.5
10 Day Low4.33
20 Day High6.25
20 Day Low4.33
52 Week High11.15
52 Week Low4.33
CS1 EndN/A
CR1 Start4.92
Volume & EV
DER(3)14.29%
DER(5)17.28%
Volume4.80K
Volume Incr18.32%
Vol(5)3.52K
Vol(50)2.04K