Short Investment Grade Corp (IGS) Stock Technical Analysis
NYSEARCA:IGS - NYSE Arca -
Taking everything into account, IGS scores 0 out of 10 in our technical rating. IGS'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 negative, as is the long term trend. There should be more interesting stocks out there.
78% of all other stocks performed better in the past year than IGS.
IGS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Warning: IGS has an average volume of 1082 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month IGS has a been trading in a tight range between 25.25 and 25.84.
Considerably lower volume is observed in the last couple of days.
IGS has a poor technical rating and the quality of the setup is also not perfect 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
25.00
29.10
We found 1 important support area.
- A support zone ranging from 25.25 to 25.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 25.30 to 25.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @26.31 from a horizontal line in the daily time frame.
- A resistance zone ranging from 27.68 to 27.80. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 28.81 to 28.81. 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 | DOWN | NEGATIVE | The long term trend for IGS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IGS is down. |
| ChartMill Relative Strength | 22.62 | NEGATIVE | IGS has a low relative strength, it was outperformed by 77.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IGS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IGS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IGS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.1 | NEUTRAL | The RSI value for IGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests IGS has a negative trend. |
| Stochastics (14,3) | 9.87 | OVERSOLD | The low Stochastics value suggests IGS may be oversold. |
| Average True Range in percent/ATR (20) | 0.52 | LOW VOLATILITY | The low ATR as a percentage value for IGS suggests low volalility. |
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:IGS (8/25/2016, 8:47:58 PM)
25.29
-0.06 (-0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.24%
1 Week-0.51%
2 Weeks-1.4%
1 Month-1.33%
3 Month-4.71%
6 Month-9.61%
12 Month-11.7%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%0.52%
ATR Inc-70.68%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.62
Mansfield-1.35
10 Day High25.84
10 Day Low25.29
20 Day High25.84
20 Day Low25.25
52 Week High28.85
52 Week Low25.25
CS1 End25.28
CR1 Start25.3
Volume & EV
DER(3)0%
DER(5)0%
Volume500
Volume Incr-84.88%
Vol(5)220
Vol(50)1.08K