TCW CORPORATE BOND ETF (IGCB) Stock Technical Analysis
NYSE:IGCB - New York Stock Exchange, Inc. - US29287L8413 - ETF - Currency: USD
Overall IGCB gets a technical rating of 5 out of 10. Although IGCB is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
IGCB 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 46.09. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 45.98, a Stop Loss order could be placed below this zone.
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43.87
We found 2 important support areas.
- A support zone ranging from 45.53 to 45.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.31 to 44.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 46.09 to 46.31. 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 | UP | POSITIVE | The long term trend for IGCB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IGCB is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | IGCB has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IGCB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IGCB is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 55.21 | NEUTRAL | The RSI value for IGCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests IGCB has a positive trend. |
| Stochastics (14,3) | 77.58 | NEUTRAL | The Stochastics value for IGCB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.22 | LOW VOLATILITY | The low ATR as a percentage value for IGCB suggests low volalility. |
| Average Directional Index/ADX (14) | 13.31 | NEGATIVE | The low ADX value for IGCB suggests a weak or negative trend. |
NYSE:IGCB (7/25/2025, 8:04:01 PM)
45.995
+0.07 (+0.15%)