IGC PHARMA INC (IGC) Stock Technical Analysis
NYSEARCA:IGC - US45408X3089 - Common Stock
0.365 USD
+0.01 (+3.81%)
0.36 USD
-0.01 (-1.37%)
Taking everything into account, IGC scores 6 out of 10 in our technical rating. IGC has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
IGC has an average volume of 3289420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, IGC outperforms 45% of them, which is more or less in line with the market.
IGC is an average performer in the Pharmaceuticals industry, it outperforms 51% of 193 stocks in the same industry.
IGC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IGC is lagging the market.
In the last month IGC has a been trading in the 0.33 - 0.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
IGC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.36, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IGC 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
0.27
0.41
We found 6 important support areas.
- A support zone ranging from 0.36 to 0.36. 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 0.34 to 0.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.33 from a horizontal line in the daily time frame.
- Support @0.32 from a trend line in the daily time frame.
- Support @0.30 from a horizontal line in the daily time frame.
- Support @0.27 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.37 to 0.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.39 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 0.41 to 0.41. This zone is formed by a combination of multiple trend lines 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 IGC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IGC is neutral. |
| ChartMill Relative Strength | 45.63 | NEUTRAL | IGC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IGC is above 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 | MIXED | The current price of IGC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.6 | 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) | 51.14 | NEUTRAL | The Stochastics value for IGC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.5 | HIGH VOLATILITY | The high ATR as a percentage value for IGC suggests high volalility. |
| Average Directional Index/ADX (14) | 26.44 | POSITIVE | The high ADX value value for IGC 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)
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 |
|---|---|---|---|
| 0.38 | 0.35 | 0.03 (7.89%) | 12.67% |
| An entry @0.38. This is a Buy Stop order right above the resistance zone. | An exit @0.35. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.03 points, which is 7.89%. | For a 1.00% total portfolio risk, you can invest 12.67% 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.
0.365
+0.01 (+3.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg3.81%
1 Week-1.32%
2 Weeks7.51%
1 Month-0.33%
3 Month8.34%
6 Month23.31%
12 Month-1.08%
2 Year5.55%
3 Year-34.82%
5 Year-69.58%
10 Year-10.98%
15 Year-96.98%
Volatility
ATR(14)0.02
ATR(20)%5.5%
ATR Inc-5.72%
Range Today0.02
ADR(20)0.02
ADR(20)%5.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.63
Mansfield-0.15
10 Day High0.39
10 Day Low0.34
20 Day High0.39
20 Day Low0.33
52 Week High0.48
52 Week Low0.25
CS1 End0.36
CR1 Start0.37
Volume & EV
DER(3)4.84%
DER(5)1.99%
Volume445.10K
Volume Incr-55.86%
Vol(5)380.64K
Vol(50)3.29M