IVANHOE ELECTRIC INC / US (IE) Stock Technical Analysis
NYSEARCA:IE - NYSE Arca - US46578C1080 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to IE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IE is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
IE is part of the Metals & Mining industry. There are 154 other stocks in this industry. IE outperforms 71% of them.
IE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IE is lagging the market slightly.
In the last month IE has a been trading in the 7.72 - 10.52 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, IE did better than 90% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although IE has an excellent technical rating, it does not present a decent entry opportunity 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
8.69
10.49
We found 2 important support areas.
- A support zone ranging from 8.99 to 9.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.78 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 | UP | POSITIVE | The short term trend for IE is up. |
| ChartMill Relative Strength | 90.11 | POSITIVE | IE has a high relative strength, it outperformed 90.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IE is above the rising 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) | UP | POSITIVE | The current price of IE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.02 | OVERBOUGHT | The high RSI value suggests IE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests IE has a positive trend. |
| Stochastics (14,3) | 89.18 | OVERBOUGHT | The high Stochastics value suggests IE may be overbought. |
| Average True Range in percent/ATR (20) | 5.36 | HIGH VOLATILITY | The high ATR as a percentage value for IE suggests high volalility. |
| Average Directional Index/ADX (14) | 45.71 | 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)
10.39
+0.14 (+1.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.37%
1 Week11%
2 Weeks4.84%
1 Month26.86%
3 Month93.84%
6 Month42.92%
12 Month-10.59%
2 Year-36.1%
3 Year12.93%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%5.36%
ATR Inc12.17%
Range Today0.43
ADR(20)0.54
ADR(20)%5.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.11
Mansfield2.47
10 Day High10.52
10 Day Low8.77
20 Day High10.52
20 Day Low7.72
52 Week High12.13
52 Week Low4.5
CS1 End9.01
CR1 StartN/A
Volume & EV
DER(3)8.78%
DER(5)4.7%
Volume1.65M
Volume Incr85.69%
Vol(5)1.55M
Vol(50)853.60K