INTERNATIONAL GENERAL INSURA (IGIC) Stock Technical Analysis
USA - NASDAQ:IGIC - BMG4809J1062 - Common Stock
Overall IGIC gets a technical rating of 1 out of 10. IGIC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
IGIC has a poor technical rating and the quality of the setup is also 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
21.07
When analyzing the support we notice one important area.
- A support zone ranging from 21.28 to 21.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 22.15 to 22.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 23.86 to 24.64. 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 | NEUTRAL | NEUTRAL | The long term trend for IGIC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IGIC is neutral. |
| ChartMill Relative Strength | 24.61 | NEGATIVE | IGIC has a low relative strength, it was outperformed by 75.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IGIC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IGIC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IGIC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.06 | NEUTRAL | The RSI value for IGIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests IGIC has a positive trend. |
| Stochastics (14,3) | 48.96 | NEUTRAL | The Stochastics value for IGIC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for IGIC suggests some volalility. |
| Average Directional Index/ADX (14) | 27.89 | POSITIVE | The high ADX value value for IGIC suggests a strong trend. |
21.93
-0.37 (-1.66%)
INTERNATIONAL GENERAL INSURA / IGIC FAQ
Can you provide the ChartMill technical rating for INTERNATIONAL GENERAL INSURA?
ChartMill assigns a technical rating of 1 / 10 to IGIC.
Can you provide the trend direction for INTERNATIONAL GENERAL INSURA?
The current trend direction for INTERNATIONAL GENERAL INSURA (IGIC) is Bearish.
What is the RSI signal for IGIC stock?
INTERNATIONAL GENERAL INSURA (IGIC) has an RSI value of 44.056. This indicates that the stock is currently neutral.
Can you provide the MACD signal for INTERNATIONAL GENERAL INSURA?
The MACD indicator for INTERNATIONAL GENERAL INSURA (IGIC) has a value of 0.0604699, indicating a bearish trend.
What is the short term momentum for INTERNATIONAL GENERAL INSURA (IGIC) stock?
The short term momentum for INTERNATIONAL GENERAL INSURA (IGIC) is neutral.