IE Technical Analysis - IVANHOE ELECTRIC INC / US

Technical Rating and Analysis

Taking everything into account, IE scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IE is only an average performer.

Warning: IE has an average volume of 16595 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

A new 52 week high is currently being made by IE, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month IE has a been trading in the 11.84 - 17.87 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, IE did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

IE is part of the Metals & Mining industry. There are 818 other stocks in this industry, IE did better than 41% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

IVANHOE ELECTRIC INC / US / IE Weekly stock chart

IVANHOE ELECTRIC INC / US / IE Daily stock chart

Setup Rating and Analysis

IE has an excellent technical rating, but the quality of the setup is only medium 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

12.01

17.54

We found 2 important support areas.

A support zone ranging from 12.60 to 12.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @12.13 from a trend line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 17.37 to 17.37. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for IE.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for IE.CA is up.
ChartMill Relative Strength	72.51	POSITIVE	IE.CA has a high relative strength, it outperformed 72.51% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of IE.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of IE.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of IE.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	74.68	OVERBOUGHT	The high RSI value suggests IE.CA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.37	POSITIVE	The MACD value suggests IE.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	90.93	OVERBOUGHT	The high Stochastics value suggests IE.CA may be overbought.
Average True Range in percent/ATR (20)	4.46	MEDIUM VOLATILITY	The ATR as a percentage value for IE.CA suggests some volalility.
Average Directional Index/ADX (14)	43.37	POSITIVE	The high ADX value value for IE.CA suggests a strong trend.