ISHARES 5-10Y INV GRADE CORP (IGIB) Stock Technical Analysis
USA - NASDAQ:IGIB - US4642886380 - ETF
53.98 USD
+0.11 (+0.2%)
54.3064 USD
+0.33 (+0.6%)
Taking everything into account, IGIB scores 5 out of 10 in our technical rating. IGIB has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
IGIB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IGIB is lagging the market slightly.
IGIB has an average volume of 2080200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, IGIB outperforms 53% of them, which is more or less in line with the market.
In the last month IGIB has a been trading in a tight range between 53.82 and 54.49.
IGIB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 53.83, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
50.30
54.92
We found 1 important support area.
- A support zone ranging from 50.81 to 53.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 54.02 to 54.38. This zone is formed by a combination of multiple trend lines and important moving averages 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 IGIB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IGIB is neutral. |
| ChartMill Relative Strength | 53.57 | NEUTRAL | IGIB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IGIB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IGIB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IGIB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.52 | NEUTRAL | The RSI value for IGIB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests IGIB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.88 | NEUTRAL | The Stochastics value for IGIB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.27 | LOW VOLATILITY | The low ATR as a percentage value for IGIB suggests low volalility. |
| Average Directional Index/ADX (14) | 12.17 | NEGATIVE | The low ADX value for IGIB suggests a weak or negative 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)
53.98
+0.11 (+0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.2%
1 Week-0.15%
2 Weeks-0.02%
1 Month-0.46%
3 Month2.41%
6 Month5.64%
12 Month1.96%
2 Year13.19%
3 Year12.72%
5 Year-10.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%0.27%
ATR Inc9.27%
Range Today0.11
ADR(20)0.12
ADR(20)%0.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.57
Mansfield-0.57
10 Day High54.2
10 Day Low53.86
20 Day High54.5
20 Day Low53.82
52 Week High54.5
52 Week Low50.52
CS1 End53.83
CR1 Start54.02
Volume & EV
DER(3)2.47%
DER(5)0.66%
Volume1.52M
Volume Incr9%
Vol(5)2.29M
Vol(50)2.08M