PowerShares S&P Intl Dev Hi Beta ETF (IDHB) Stock Technical Analysis
NYSEARCA:IDHB - NYSE Arca -
Taking everything into account, IDHB scores 2 out of 10 in our technical rating. In the past year, IDHB was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
80% of all other stocks performed better in the past year than IDHB.
IDHB 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.
Warning: IDHB has an average volume of 1612 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month IDHB has a been trading in the 19.59 - 23.69 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of IDHB is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
19.85
27.21
We found 2 important support areas.
- Support @23.51 from a trend line in the daily time frame.
- A support zone ranging from 20.05 to 20.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @23.57 from a horizontal line in the weekly time frame.
- Resistance @24.74 from a trend line in the daily time frame.
- Resistance @26.94 from a horizontal line in the daily 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 IDHB is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IDHB is up. |
| ChartMill Relative Strength | 20.4 | NEGATIVE | IDHB has a low relative strength, it was outperformed by 79.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IDHB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of IDHB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IDHB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.79 | NEUTRAL | The RSI value for IDHB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests IDHB has a positive trend. |
| Stochastics (14,3) | 92.6 | OVERBOUGHT | The high Stochastics value suggests IDHB may be overbought. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for IDHB suggests low volalility. |
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)
PowerShares S&P Intl Dev Hi Beta ETF
NYSEARCA:IDHB (3/14/2016, 8:05:31 PM)
23.56
+0.82 (+3.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.61%
1 Week9.07%
2 Weeks17.27%
1 Month17.51%
3 Month-3.44%
6 Month-9.59%
12 Month-16.87%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%1.68%
ATR Inc138.99%
Range Today0.37
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
CRS20.4
Mansfield-1.04
10 Day High23.69
10 Day Low20.09
20 Day High23.69
20 Day Low19.59
52 Week High34.38
52 Week Low19.59
CS1 End23.51
CR1 Start23.57
Volume & EV
DER(3)0%
DER(5)0%
Volume5.20K
Volume Incr344.44%
Vol(5)1.60K
Vol(50)1.61K