INTERNATIONAL GENERAL INSURA (IGIC) Technical Analysis
NASDAQ:IGIC • BMG4809J1062
Current stock price
IGIC Technical Rating and Analysis
Taking everything into account, IGIC scores 6 out of 10 in our technical rating. In the last year, IGIC 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 short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- IGIC is part of the Insurance industry. There are 148 other stocks in this industry. IGIC outperforms 74% of them.
- IGIC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so IGIC is performing more or less in line with the market.
- In the last month IGIC has a been trading in the 22.14 - 25.43 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, IGIC turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
IGIC Weekly and Daily overview Charts
IGIC Setup Rating and Analysis
IGIC has an average technical rating and it also 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
IGIC Support and Resistance Analysis
22.10
When analyzing the support we can see 2 important areas.
- A support zone ranging from 23.74 to 24.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.32 to 22.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 25.26 to 25.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.09 from a horizontal line in the weekly time frame.
IGIC Technical Indicator Signal Analysis
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 IGIC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IGIC is up. |
| ChartMill Relative Strength | 50.66 | NEUTRAL | IGIC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IGIC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IGIC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IGIC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.37 | NEUTRAL | The RSI value for IGIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests IGIC has a positive trend. |
| Stochastics (14,3) | 89.58 | OVERBOUGHT | The high Stochastics value suggests IGIC may be overbought. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for IGIC suggests some volalility. |
| Average Directional Index/ADX (14) | 14.9 | NEGATIVE | The low ADX value for IGIC suggests a weak or negative trend. |
IGIC Chart- and CandleStick Pattern Analysis
IGIC Technicals: Chart, Performance Metrics, Trend & Indicators
25.24
+0.6 (+2.44%)
INTERNATIONAL GENERAL INSURA / IGIC TA FAQ
Can you provide the ChartMill technical rating for INTERNATIONAL GENERAL INSURA?
ChartMill assigns a technical rating of 6 / 10 to IGIC.
What is the trend direction for IGIC stock?
The current trend direction for INTERNATIONAL GENERAL INSURA (IGIC) is Bearish.
What is the RSI signal for INTERNATIONAL GENERAL INSURA (IGIC) stock?
INTERNATIONAL GENERAL INSURA (IGIC) has an RSI value of 60.3688. This indicates that the stock is currently neutral.
What is the MACD signal for INTERNATIONAL GENERAL INSURA (IGIC) stock?
The MACD indicator for INTERNATIONAL GENERAL INSURA (IGIC) has a value of 0.222236, indicating a bearish trend.
Can you provide the support and resistance levels for INTERNATIONAL GENERAL INSURA?
INTERNATIONAL GENERAL INSURA (IGIC) has a support level at 24.59 and a resistance level at 25.26. Check the full technical report for our detailed analysis of IGIC support and resistance levels.