ISHARES NORTH AMERICAN TECH- (IGN) Stock Technical Analysis
NYSEARCA:IGN - NYSE Arca - US4642875318 - ETF - Currency: USD
Taking everything into account, IGN scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. IGN was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, IGN is a bad performer in the overall market: 74% of all stocks are doing better.
Warning: IGN has an average volume of 6386 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month IGN has a been trading in the 58.25 - 64.52 range, which is quite wide. It is currently trading near the high of this range.
IGN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IGN is lagging the market.
Volume is considerably higher in the last couple of days.
IGN 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
55.89
70.74
2 important support areas can be observed.
- A support zone ranging from 60.34 to 61.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @56.45 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @67.17 from a trend line in the weekly time frame.
- Resistance @70.04 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for IGN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IGN is up. |
| ChartMill Relative Strength | 26.52 | NEGATIVE | IGN has a low relative strength, it was outperformed by 73.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IGN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 72.59 | OVERBOUGHT | The high RSI value suggests IGN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.48 | POSITIVE | The MACD value suggests IGN has a positive trend. |
| Stochastics (14,3) | 98.02 | OVERBOUGHT | The high Stochastics value suggests IGN may be overbought. |
| Average True Range in percent/ATR (20) | 1.22 | LOW VOLATILITY | The low ATR as a percentage value for IGN suggests low volalility. |
| Average Directional Index/ADX (14) | 29.13 | POSITIVE | The high ADX value value for IGN suggests a strong 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)
NYSEARCA:IGN (12/15/2023, 8:04:00 PM)
64.1701
-0.21 (-0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.33%
1 Week4.94%
2 Weeks6.48%
1 Month10.81%
3 Month-0.16%
6 Month-8.66%
12 Month-7.23%
2 Year-24.03%
3 Year7.63%
5 Year35.81%
10 Year98.73%
15 Year280.61%
Volatility
ATR(14)0.87
ATR(20)%1.22%
ATR Inc11.65%
Range Today0.39
ADR(20)0.59
ADR(20)%0.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.52
Mansfield-1.19
10 Day High64.52
10 Day Low59.38
20 Day High64.52
20 Day Low58.25
52 Week High72.56
52 Week Low54.23
CS1 End61.69
CR1 Start67.17
Volume & EV
DER(3)3.89%
DER(5)2.92%
Volume1.60K
Volume Incr38.99%
Vol(5)11.14K
Vol(50)6.39K