IDEAGEN PLC (IDEA.L) Technical Analysis
LON:IDEA • GB00B0CM0C50
Current stock price
IDEA.L Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to IDEA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IDEA is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, IDEA did better than 95% of all other stocks. We also observe that the gains produced by IDEA over the past year are nicely spread over this period.
- IDEA is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month IDEA has a been trading in the 165.00 - 200.04 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
IDEA.L Weekly and Daily overview Charts
IDEA.L Setup Rating and Analysis
Although IDEA has an excellent technical rating, it does not offer a high quality setup 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
IDEA.L Support and Resistance Analysis
148.09
When analyzing the support we can see 3 important areas.
- Support @175.54 from a trend line in the daily time frame.
- A support zone ranging from 166.99 to 170.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 149.59 to 150.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
IDEA.L 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 | UP | POSITIVE | The long term trend for IDEA.L is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IDEA.L is up. |
| ChartMill Relative Strength | 95.51 | POSITIVE | IDEA.L has a high relative strength, it outperformed 95.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IDEA.L is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IDEA.L is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IDEA.L is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 79.67 | OVERBOUGHT | The high RSI value suggests IDEA.L may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.05 | POSITIVE | The MACD value suggests IDEA.L has a positive trend. |
| Stochastics (14,3) | 91.53 | OVERBOUGHT | The high Stochastics value suggests IDEA.L may be overbought. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for IDEA.L suggests some volalility. |
IDEA.L Chart- and CandleStick Pattern Analysis
IDEA.L Technicals: Chart, Performance Metrics, Trend & Indicators
LON:IDEA (12/27/2019, 7:00:00 PM)
194.5
+5 (+2.64%)
IDEAGEN PLC / IDEA.L TA FAQ
What is the technical rating for IDEA stock?
ChartMill assigns a technical rating of 10 / 10 to IDEA.L.
What is the trend direction for IDEA stock?
The current trend direction for IDEAGEN PLC (IDEA.L) is Bullish.
What is the RSI signal for IDEAGEN PLC (IDEA.L) stock?
IDEAGEN PLC (IDEA.L) has an RSI value of 79.6738. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for IDEAGEN PLC?
The buy/sell signal for IDEAGEN PLC (IDEA.L) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for IDEAGEN PLC (IDEA.L) stock?
IDEAGEN PLC (IDEA.L) has a support level at 175.54. Check the full technical report for our detailed analysis of IDEA.L support and resistance levels.