IGC PHARMA INC (IGC) Stock Technical Analysis
NYSEARCA:IGC - NYSE Arca - US45408X3089 - Common Stock - Currency: USD
Taking everything into account, IGC scores 1 out of 10 in our technical rating. IGC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
89% of all other stocks performed better in the past year than IGC.
IGC is currently trading in the lower part 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.
In the last month IGC has a been trading in the 0.30 - 0.35 range, which is quite wide. It is currently trading near the lows of this range.
IGC is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, IGC did better than 40% of them.
Although the technical rating is bad, IGC 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 0.30, a Stop Loss order could be placed below this zone.
More info and screens
0.27
0.34
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.30 to 0.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.27 to 0.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @0.32 from a trend line in the weekly time frame.
- A resistance zone ranging from 0.33 to 0.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.34 to 0.34. 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 | DOWN | NEGATIVE | The long term trend for IGC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IGC is neutral. |
| ChartMill Relative Strength | 11.59 | NEGATIVE | IGC has a low relative strength, it was outperformed by 88.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IGC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IGC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IGC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.23 | NEUTRAL | The RSI value for IGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests IGC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.75 | OVERSOLD | The low Stochastics value suggests IGC may be oversold. |
| Average True Range in percent/ATR (20) | 5.9 | HIGH VOLATILITY | The high ATR as a percentage value for IGC suggests high volalility. |
| Average Directional Index/ADX (14) | 18.97 | NEGATIVE | The low ADX value for IGC 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)
0.3025
+0 (+1.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.17%
1 Week-2.42%
2 Weeks0.36%
1 Month-6.78%
3 Month-6.35%
6 Month-20.18%
12 Month-45%
2 Year-2.92%
3 Year-42.92%
5 Year-49.5%
10 Year-31.25%
15 Year-97.41%
Volatility
ATR(14)0.02
ATR(20)%5.9%
ATR Inc-47.19%
Range Today0.01
ADR(20)0.02
ADR(20)%5.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.59
Mansfield-1.7
10 Day High0.33
10 Day Low0.3
20 Day High0.35
20 Day Low0.3
52 Week High0.5
52 Week Low0.25
CS1 End0.3
CR1 Start0.32
Volume & EV
DER(3)-16.06%
DER(5)-2.4%
Volume219.80K
Volume Incr5.88%
Vol(5)242.32K
Vol(50)212.58K