Overall IE gets a technical rating of 10 out of 10. Both in the recent history as in the last year, IE has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, IE also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 16.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.98, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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11.27
We found 4 important support areas.
- A support zone ranging from 15.68 to 15.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @13.85 from a trend line in the weekly time frame.
- Support @13.54 from a trend line in the daily time frame.
- Support @11.38 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 16.85 to 16.99. 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 | UP | POSITIVE | The short term trend for IE is up. |
| ChartMill Relative Strength | 95.3 | POSITIVE | IE has a high relative strength, it outperformed 95.3% 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) | 59.94 | NEUTRAL | The RSI value for IE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests IE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.17 | OVERBOUGHT | The high Stochastics value suggests IE may be overbought. |
| Average True Range in percent/ATR (20) | 5.29 | HIGH VOLATILITY | The high ATR as a percentage value for IE suggests high volalility. |
| Average Directional Index/ADX (14) | 28.9 | 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 |
|---|---|---|---|
| 17.00 | 15.71 | 1.30 (7.62%) | 13.13% |
| An entry @17.00. This is a Buy Stop order right above the resistance zone. | An exit @15.71. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.29 points, which is 7.62%. | When investing 13.13% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
16.66
-0.29 (-1.71%)
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 10 / 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 59.9391. 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 positive.
What are the support and resistance levels for IVANHOE ELECTRIC INC / US (IE) stock?
IVANHOE ELECTRIC INC / US (IE) has a support level at 15.98 and a resistance level at 16.85. Check the full technical report for our detailed analysis of IE support and resistance levels.