ISHARES INVESTMENT GRADE SYS (IGEB) Stock Technical Analysis
USA - NYSEARCA:IGEB - US46435G2194 - ETF
46.33 USD
+0.09 (+0.19%)
46.33 USD
0 (0%)
Overall IGEB gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IGEB is only an average performer.
The long and short term trends are both positive. This is looking good!
IGEB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the performance of all stocks over the past year, IGEB turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
In the last month IGEB has a been trading in a tight range between 45.80 and 46.34.
IGEB 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
43.20
47.04
When analyzing the support we can see 3 important areas.
- A support zone ranging from 45.63 to 46.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.36 to 44.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 43.64 to 43.64. 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 46.34 to 46.57. 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 IGEB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IGEB is up. |
| ChartMill Relative Strength | 47.38 | NEUTRAL | IGEB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IGEB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IGEB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IGEB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.22 | NEUTRAL | The RSI value for IGEB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests IGEB has a positive trend. |
| Stochastics (14,3) | 94.79 | OVERBOUGHT | The high Stochastics value suggests IGEB may be overbought. |
| Average True Range in percent/ATR (20) | 0.29 | LOW VOLATILITY | The low ATR as a percentage value for IGEB suggests low volalility. |
| Average Directional Index/ADX (14) | 20.62 | NEUTRAL | The ADX value for IGEB suggests a possible start of a new 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)
46.33
+0.09 (+0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.19%
1 Week0.54%
2 Weeks0.93%
1 Month0.63%
3 Month2.39%
6 Month3.62%
12 Month2.32%
2 Year11.65%
3 Year10.47%
5 Year-14.74%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%0.29%
ATR Inc-22.57%
Range Today0.06
ADR(20)0.11
ADR(20)%0.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.38
Mansfield-0.77
10 Day High46.34
10 Day Low45.83
20 Day High46.34
20 Day Low45.8
52 Week High46.38
52 Week Low43.12
CS1 End46.1
CR1 Start46.34
Volume & EV
DER(3)-4.5%
DER(5)-0.66%
Volume276.30K
Volume Incr2.45%
Vol(5)179.14K
Vol(50)168.55K