IGC PHARMA INC (IGC) Stock Technical Analysis
NYSEARCA:IGC - NYSE Arca - US45408X3089 - Common Stock - Currency: USD
Taking everything into account, IGC scores 7 out of 10 in our technical rating. In the last year, IGC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
IGC has an average volume of 2824020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, IGC turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
IGC is an average performer in the Pharmaceuticals industry, it outperforms 67% of 194 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 0.30 - 0.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although IGC has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.27
0.38
4 important support areas can be observed.
- A support zone ranging from 0.31 to 0.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.30 from a horizontal line in the daily time frame.
- Support @0.29 from a horizontal line in the daily time frame.
- Support @0.27 from a horizontal line 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 | 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 | 60.05 | NEUTRAL | IGC is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of IGC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.89 | NEUTRAL | The RSI value for IGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IGC has a positive trend. |
| Stochastics (14,3) | 70.17 | NEUTRAL | The Stochastics value for IGC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.76 | HIGH VOLATILITY | The high ATR as a percentage value for IGC suggests high volalility. |
| Average Directional Index/ADX (14) | 29.95 | 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)
0.3808
-0.03 (-8.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-8.24%
1 Week25.88%
2 Weeks22.84%
1 Month23.04%
3 Month36.24%
6 Month10.38%
12 Month-14.25%
2 Year15.39%
3 Year-27.95%
5 Year-37.57%
10 Year-20.67%
15 Year-97.72%
Volatility
ATR(14)0.03
ATR(20)%5.76%
ATR Inc521.45%
Range Today0.03
ADR(20)0.02
ADR(20)%5.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.05
Mansfield0.19
10 Day High0.46
10 Day Low0.3
20 Day High0.46
20 Day Low0.3
52 Week High0.5
52 Week Low0.25
CS1 End0.31
CR1 StartN/A
Volume & EV
DER(3)-0.53%
DER(5)4.63%
Volume7.14M
Volume Incr11208.24%
Vol(5)26.27M
Vol(50)2.82M