IVANHOE ELECTRIC INC / US (IE) Stock Technical Analysis
NYSEARCA:IE - NYSE Arca - US46578C1080 - Common Stock - Currency: USD
Taking everything into account, IE scores 7 out of 10 in our technical rating. In the last year, IE was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month IE has a been trading in the 9.02 - 13.25 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, IE did better than 89% of all other stocks.
IE has an average volume of 1250680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
IE is an average performer in the Metals & Mining industry, it outperforms 62% of 157 stocks in the same industry.
IE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IE is lagging the market.
Although IE 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
9.09
9.97
We found 2 important support areas.
- A support zone ranging from 9.58 to 9.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.18 to 9.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 9.75 to 9.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IE is down. |
| ChartMill Relative Strength | 89.82 | POSITIVE | IE has a high relative strength, it outperformed 89.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of IE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.44 | NEUTRAL | The RSI value for IE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests IE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.54 | OVERSOLD | The low Stochastics value suggests IE may be oversold. |
| Average True Range in percent/ATR (20) | 7.29 | HIGH VOLATILITY | The high ATR as a percentage value for IE suggests high volalility. |
| Average Directional Index/ADX (14) | 34.35 | POSITIVE | The high ADX value value for IE suggests a strong 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)
9.74
+0.16 (+1.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.67%
1 Week1.88%
2 Weeks-15.52%
1 Month-4.98%
3 Month45.16%
6 Month64.81%
12 Month34.53%
2 Year-37.68%
3 Year1.14%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.75
ATR(20)%7.29%
ATR Inc-63.98%
Range Today0.31
ADR(20)0.7
ADR(20)%7.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.82
Mansfield1.52
10 Day High13.25
10 Day Low9.02
20 Day High13.25
20 Day Low9.02
52 Week High13.25
52 Week Low4.5
CS1 End9.59
CR1 Start9.75
Volume & EV
DER(3)-1.24%
DER(5)0.77%
Volume778.80K
Volume Incr-50.85%
Vol(5)913.14K
Vol(50)1.25M