IVANHOE ELECTRIC INC / US (IE) Stock Technical Analysis
NYSEARCA:IE - US46578C1080 - Common Stock
8.89 USD
-0.03 (-0.34%)
8.89 USD
0 (0%)
We assign a technical rating of 6 out of 10 to IE. 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 8.79 - 10.37 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, IE did better than 82% of all other stocks.
IE has an average volume of 1334840 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 part of the Metals & Mining industry. There are 155 other stocks in this industry, IE did better than 48% 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.
Although the technical rating is only medium, IE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 8.88, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
8.79
11.74
We found 1 important support area.
- A support zone ranging from 8.88 to 8.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @8.95 from a trend line in the daily time frame.
- A resistance zone ranging from 10.15 to 10.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 11.57 to 11.62. This zone is formed by a combination of multiple trend lines in the weekly 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 | 82.41 | POSITIVE | IE has a high relative strength, it outperformed 82.41% 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) | DOWN | MIXED | The current price of IE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.56 | NEUTRAL | The RSI value for IE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests IE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.16 | OVERSOLD | The low Stochastics value suggests IE may be oversold. |
| Average True Range in percent/ATR (20) | 4.53 | MEDIUM VOLATILITY | The ATR as a percentage value for IE suggests some volalility. |
| Average Directional Index/ADX (14) | 17.71 | NEGATIVE | The low ADX value for IE suggests a weak or negative 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)
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 |
|---|---|---|---|
| 8.96 | 8.87 | 0.09 (1.00%) | 25.00% |
| An entry @8.96. This is a Buy Stop order right above the resistance zone. | An exit @8.87. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.09 points, which is 1.00%. | For a 0.25% total portfolio risk, you can invest 25.00% 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.
8.89
-0.03 (-0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.34%
1 Week-1%
2 Weeks-10.02%
1 Month-7.01%
3 Month20.95%
6 Month43.16%
12 Month25.92%
2 Year-43.12%
3 Year-7.68%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%4.53%
ATR Inc-37.22%
Range Today0.26
ADR(20)0.39
ADR(20)%4.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.41
Mansfield0.17
10 Day High9.92
10 Day Low8.79
20 Day High10.37
20 Day Low8.79
52 Week High13.25
52 Week Low4.5
CS1 End8.88
CR1 Start8.95
Volume & EV
DER(3)4.42%
DER(5)2.06%
Volume916.20K
Volume Incr-14.65%
Vol(5)1.02M
Vol(50)1.33M