ISHARES 10+ YEAR INV GR CORP (IGLB) Stock Technical Analysis
USA - NYSEARCA:IGLB - US4642895118 - ETF
51.6 USD
-0.08 (-0.15%)
51.7 USD
+0.1 (+0.19%)
We assign a technical rating of 7 out of 10 to IGLB. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, IGLB is a bad performer.
When comparing the yearly performance of all stocks, IGLB is a bad performer in the overall market: 67% of all stocks are doing better.
The long and short term trends are both positive. This is looking good!
IGLB has an average volume of 1055970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
IGLB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IGLB is lagging the market.
In the last month IGLB has a been trading in a tight range between 49.51 and 52.26.
IGLB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 51.06, a Stop Loss order could be placed below this zone.
More info and screens
47.06
54.75
2 important support areas can be observed.
- A support zone ranging from 50.02 to 51.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 47.54 to 48.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 51.75 to 52.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 53.86 to 54.21. 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 IGLB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IGLB is up. |
| ChartMill Relative Strength | 33.24 | NEUTRAL | IGLB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IGLB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IGLB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of IGLB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.25 | NEUTRAL | The RSI value for IGLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests IGLB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.48 | OVERBOUGHT | The high Stochastics value suggests IGLB may be overbought. |
| Average True Range in percent/ATR (20) | 0.73 | LOW VOLATILITY | The low ATR as a percentage value for IGLB suggests low volalility. |
| Average Directional Index/ADX (14) | 21.78 | NEUTRAL | The ADX value for IGLB 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 51.76 | 51.15 | 0.61 (1.18%) | 25.00% |
| An entry @51.76. This is a Buy Stop order right above the 10 day moving average. | An exit @51.15. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.61 points, which is 1.18%. | For a 0.30% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
51.6
-0.08 (-0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.15%
1 Week-0.46%
2 Weeks0.94%
1 Month3.14%
3 Month4.56%
6 Month2.4%
12 Month-4.18%
2 Year9.46%
3 Year6.99%
5 Year-26.71%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%0.73%
ATR Inc-29.57%
Range Today0.18
ADR(20)0.26
ADR(20)%0.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.24
Mansfield-0.79
10 Day High52.26
10 Day Low51.16
20 Day High52.26
20 Day Low49.51
52 Week High53.94
52 Week Low46.75
CS1 End51.06
CR1 Start51.75
Volume & EV
DER(3)-1.86%
DER(5)-1.73%
Volume492.63K
Volume Incr3.93%
Vol(5)1.15M
Vol(50)1.06M