IGM BIOSCIENCES INC (IGMS) Stock Technical Analysis
NASDAQ:IGMS - Nasdaq - US4495851085 - Common Stock - Currency: USD
Taking everything into account, IGMS scores 0 out of 10 in our technical rating. IGMS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, IGMS is a bad performer in the overall market: 94% of all stocks are doing better.
IGMS is part of the Biotechnology industry. There are 561 other stocks in this industry, of which 65% are performing better than IGMS.
IGMS is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so IGMS is lagging the market.
In the last month IGMS has a been trading in the 1.08 - 1.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, IGMS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for IGMS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.11
1.42
2 important support areas can be observed.
- A support zone ranging from 1.19 to 1.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.12 to 1.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @1.26 from a horizontal line in the daily time frame.
- Resistance @1.36 from a horizontal line in the weekly time frame.
- Resistance @1.41 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for IGMS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IGMS is neutral. |
| ChartMill Relative Strength | 6.42 | NEGATIVE | IGMS has a low relative strength, it was outperformed by 93.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IGMS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of IGMS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IGMS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.08 | NEUTRAL | The RSI value for IGMS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IGMS has a positive trend. |
| Stochastics (14,3) | 48.67 | NEUTRAL | The Stochastics value for IGMS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.92 | HIGH VOLATILITY | The high ATR as a percentage value for IGMS suggests high volalility. |
| Average Directional Index/ADX (14) | 13.92 | NEGATIVE | The low ADX value for IGMS 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)
1.25
+0.05 (+4.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.17%
1 Week5.93%
2 Weeks10.62%
1 Month-5.3%
3 Month-9.42%
6 Month-85.94%
12 Month-86.91%
2 Year-89.63%
3 Year-92.55%
5 Year-98.07%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%6.92%
ATR Inc-39.12%
Range Today0.07
ADR(20)0.09
ADR(20)%6.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.42
Mansfield-8.25
10 Day High1.27
10 Day Low1.08
20 Day High1.4
20 Day Low1.08
52 Week High22.5
52 Week Low0.92
CS1 End1.19
CR1 Start1.26
Volume & EV
DER(3)8.62%
DER(5)9.83%
Volume191.60K
Volume Incr11.31%
Vol(5)170.46K
Vol(50)162.83K