IVANHOE ELECTRIC INC / US (IE) Stock Technical Analysis
NYSEARCA:IE • US46578C1080
Overall IE gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month IE has a been trading in the 15.47 - 21.55 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Looking at the yearly performance, IE did better than 96% of all other stocks. On top of that, IE also shows a nice and consistent pattern of rising prices.
- IE has an average volume of 1951750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- IE is part of the Metals & Mining industry. There are 157 other stocks in this industry, IE did better than 62% of them.
- 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.
Besides having an excellent technical rating, IE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 15.78, a Stop Loss order could be placed below this zone.
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10.98
When analyzing the support we can see 5 important areas.
- A support zone ranging from 15.78 to 15.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.40 from a trend line in the weekly time frame.
- Support @15.15 from a trend line in the daily time frame.
- Support @12.21 from a trend line in the weekly time frame.
- Support @11.09 from a trend 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 | 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 | 96.36 | POSITIVE | IE has a high relative strength, it outperformed 96.36% 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 | MIXED | The current price of IE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.01 | NEUTRAL | The RSI value for IE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests IE has a negative trend. |
| Stochastics (14,3) | 9.28 | OVERSOLD | The low Stochastics value suggests IE may be oversold. |
| Average True Range in percent/ATR (20) | 10.95 | HIGH VOLATILITY | The high ATR as a percentage value for IE suggests high volalility. |
| Average Directional Index/ADX (14) | 29.97 | POSITIVE | The high ADX value value for IE suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.59 | 15.77 | 1.82 (10.36%) | 9.66% |
| An entry @17.59. This is a Buy Stop order right above the 10 day moving average. | An exit @15.77. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.82 points, which is 10.36%. | For a 1.00% total portfolio risk, you can invest 9.66% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of IE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
15.79
-0.16 (-1%)
IVANHOE ELECTRIC INC / US / IE FAQ
What is the ChartMill technical rating of IVANHOE ELECTRIC INC / US (IE) stock?
ChartMill assigns a technical rating of 8 / 10 to IE.
What is the current trend direction of IVANHOE ELECTRIC INC / US (IE) stock?
The current trend direction for IVANHOE ELECTRIC INC / US (IE) is Bullish.
Can you provide the RSI signal for IVANHOE ELECTRIC INC / US?
IVANHOE ELECTRIC INC / US (IE) has an RSI value of 42.0099. This indicates that the stock is currently neutral.
What is the short term momentum for IE stock?
The short term momentum for IVANHOE ELECTRIC INC / US (IE) is negative.
What are the support and resistance levels for IVANHOE ELECTRIC INC / US (IE) stock?
IVANHOE ELECTRIC INC / US (IE) has a support level at 15.78. Check the full technical report for our detailed analysis of IE support and resistance levels.