ISHARES NORTH AMERICAN NATUR (IGE) Stock Technical Analysis
USA - NYSEARCA:IGE - US4642873743 - ETF
Taking everything into account, IGE scores 7 out of 10 in our technical rating. Although IGE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
IGE has an excellent technical rating, but 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
38.48
3 important support areas can be observed.
- A support zone ranging from 46.89 to 48.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @45.75 from a horizontal line in the daily time frame.
- Support @38.87 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 49.26 to 49.61. 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 IGE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IGE is up. |
| ChartMill Relative Strength | 64.64 | NEUTRAL | IGE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IGE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IGE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IGE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.22 | NEUTRAL | The RSI value for IGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests IGE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.65 | OVERBOUGHT | The high Stochastics value suggests IGE may be overbought. |
| Average True Range in percent/ATR (20) | 1.33 | LOW VOLATILITY | The low ATR as a percentage value for IGE suggests low volalility. |
| Average Directional Index/ADX (14) | 22.99 | NEUTRAL | The ADX value for IGE suggests a possible start of a new trend. |
48.95
-0.36 (-0.73%)
ISHARES NORTH AMERICAN NATUR / IGE FAQ
Can you provide the ChartMill technical rating for ISHARES NORTH AMERICAN NATUR?
ChartMill assigns a technical rating of 7 / 10 to IGE.
What is the current trend direction of ISHARES NORTH AMERICAN NATUR (IGE) stock?
The current trend direction for ISHARES NORTH AMERICAN NATUR (IGE) is Bullish.
What is the RSI signal for ISHARES NORTH AMERICAN NATUR (IGE) stock?
ISHARES NORTH AMERICAN NATUR (IGE) has an RSI value of 58.2152. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ISHARES NORTH AMERICAN NATUR?
The short term momentum for ISHARES NORTH AMERICAN NATUR (IGE) is positive.
What is the buy/sell signal for ISHARES NORTH AMERICAN NATUR (IGE) stock?
The buy/sell signal for ISHARES NORTH AMERICAN NATUR (IGE) is buy as both the short term and long term trends are positive.