IGC PHARMA INC (IGC)
US45408X3089 - Common Stock
Overall IGC gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IGC is showing a nice and steady performance.
In the last month IGC has a been trading in the 0.35 - 0.91 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.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
IGC is part of the Pharmaceuticals industry. There are 198 other stocks in this industry. IGC outperforms 87% of them.
IGC has an average volume of 1084270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that IGC is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
IGC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IGC is lagging the market slightly.
Besides having an excellent technical rating, IGC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
0.27
0.55
When analyzing the support we can see 3 important areas.
- Support @0.44 from a horizontal line in the daily time frame.
- A support zone ranging from 0.41 to 0.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.27 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.54 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.89
Mansfield2.26
10 Day High0.66
10 Day Low0.4
20 Day High0.91
20 Day Low0.35
52 Week High0.91
52 Week Low0.25
Performance
1 Week-6.05%
2 Weeks-20.59%
1 Month14.15%
3 Month60.21%
6 Month57.34%
12 Month32.35%
2 Year-38.31%
3 Year-71.46%
5 Year-68.51%
10 Year-48.11%
15 Year-95.39%
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)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)48.74
LBB0.37
UBB0.69
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 |
|---|---|---|---|
| 0.55 | 0.43 | 0.12 (21.82%) | 4.58% |
| An entry @0.55. This is a Buy Stop order right above the resistance zone. | An exit @0.43. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.12 points, which is 21.82%. | For a 1.00% total portfolio risk, you can invest 4.58% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of IGC. 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.
IGC PHARMA INC
NYSEARCA:IGC (4/23/2024, 7:05:33 PM)
After market: 0.4688 +0.01 (+2.67%)0.4566
+0.01 (+2.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.58%
1 Week-6.05%
2 Weeks-20.59%
1 Month14.15%
3 Month60.21%
6 Month57.34%
12 Month32.35%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.12
ATR(20)%23.98%
ATR Inc
Range Today0.07
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High0.66
10 Day Low0.4
20 Day High0.91
20 Day Low0.35
52 Week High0.91
52 Week Low0.25
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume538.00K
Volume Incr-26.27%
Vol(5)1.27M
Vol(50)1.08M