IGM BIOSCIENCES INC (IGMS) Technical Analysis
NASDAQ:IGMS • US4495851085
Current stock price
IGMS Technical Rating and Analysis
Overall IGMS gets a technical rating of 2 out of 10. IGMS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 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: 96% of all stocks are doing better.
- IGMS is part of the Biotechnology industry. There are 519 other stocks in this industry, of which 83% 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 1.25 - 1.33 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
IGMS Weekly and Daily overview Charts
IGMS Setup Rating and Analysis
IGMS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. 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
IGMS Support and Resistance Analysis
1.07
2 important support areas can be observed.
- Support @1.11 from a trend line in the daily time frame.
- A support zone ranging from 1.08 to 1.08. 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 1.27 to 1.30. 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 1.33 to 1.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
IGMS 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 | 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 | 4.43 | NEGATIVE | IGMS has a low relative strength, it was outperformed by 95.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IGMS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IGMS is above the rising 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) | 47.94 | NEUTRAL | The RSI value for IGMS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests IGMS has a negative trend. |
| Stochastics (14,3) | 45.83 | NEUTRAL | The Stochastics value for IGMS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for IGMS suggests low volalility. |
| Average Directional Index/ADX (14) | 9.54 | NEGATIVE | The low ADX value for IGMS suggests a weak or negative trend. |
IGMS Chart- and CandleStick Pattern Analysis
IGMS Technicals: Chart, Performance Metrics, Trend & Indicators
1.27
-0.03 (-2.31%)
IGM BIOSCIENCES INC / IGMS TA FAQ
Can you provide the ChartMill technical rating for IGM BIOSCIENCES INC?
ChartMill assigns a technical rating of 2 / 10 to IGMS.
Can you provide the trend direction for IGM BIOSCIENCES INC?
The current trend direction for IGM BIOSCIENCES INC (IGMS) is Bearish.
What is the RSI signal for IGM BIOSCIENCES INC (IGMS) stock?
IGM BIOSCIENCES INC (IGMS) has an RSI value of 47.939. This indicates that the stock is currently neutral.
What is the short term momentum for IGMS stock?
The short term momentum for IGM BIOSCIENCES INC (IGMS) is neutral.
What is the support and resistance level for IGMS stock?
IGM BIOSCIENCES INC (IGMS) has a support level at 1.11 and a resistance level at 1.27. Check the full technical report for our detailed analysis of IGMS support and resistance levels.