IGC PHARMA INC (IGC) Stock Technical Analysis
NYSEARCA:IGC - NYSE Arca - US45408X3089 - Common Stock - Currency: USD
Taking everything into account, IGC scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. IGC was also a bad performer in the overall market in the last year.
74% 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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
IGC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
IGC is part of the Pharmaceuticals industry. There are 197 other stocks in this industry, IGC did better than 59% of them.
IGC has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.27
0.39
When analyzing the support we can see 3 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 multiple time frames.
- A support zone ranging from 0.29 to 0.29. This zone is formed by a combination of multiple trend lines 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.
- A resistance zone ranging from 0.34 to 0.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 0.35 to 0.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.39 from a trend line 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 | NEUTRAL | NEUTRAL | The long term trend for IGC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IGC is up. |
| ChartMill Relative Strength | 26.04 | NEGATIVE | IGC has a low relative strength, it was outperformed by 73.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IGC is above the rising 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) | 60.25 | NEUTRAL | The RSI value for IGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests IGC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.13 | NEUTRAL | The Stochastics value for IGC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.97 | MEDIUM VOLATILITY | The ATR as a percentage value for IGC suggests some volalility. |
| Average Directional Index/ADX (14) | 36.61 | 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)
0.3257
0 (-0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.49%
1 Week0.37%
2 Weeks12.08%
1 Month7.42%
3 Month12.31%
6 Month-12.68%
12 Month-33.12%
2 Year12.31%
3 Year-25.02%
5 Year-44.29%
10 Year-34.86%
15 Year-97.48%
Volatility
ATR(14)0.02
ATR(20)%4.97%
ATR Inc-31.23%
Range Today0.01
ADR(20)0.02
ADR(20)%4.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.04
Mansfield-1.29
10 Day High0.35
10 Day Low0.29
20 Day High0.35
20 Day Low0.28
52 Week High0.55
52 Week Low0.25
CS1 End0.3
CR1 Start0.34
Volume & EV
DER(3)-5.23%
DER(5)-6.34%
Volume103.40K
Volume Incr-0.23%
Vol(5)223.88K
Vol(50)224.54K