INTERNATIONAL GAME TECHNOLOG (IGT) Stock Technical Analysis
NYSE:IGT • GB00BVG7F061
Taking everything into account, IGT scores 4 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. IGT was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, IGT is a bad performer in the overall market: 79% of all stocks are doing better.
- IGT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- 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 IGT has a been trading in the 14.27 - 17.04 range, which is quite wide. It is currently trading near the high of this range.
- IGT has an average volume of 1926570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- IGT is part of the Hotels, Restaurants & Leisure industry. There are 131 other stocks in this industry, IGT did better than 50% of them.
IGT has an average technical rating and it also does not offer a high quality setup 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
14.30
When analyzing the support we notice one important area.
- A support zone ranging from 14.44 to 14.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 16.69 to 16.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.95 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 18.35 to 18.35. This zone is formed by a combination of multiple trend lines 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 IGT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IGT is up. |
| ChartMill Relative Strength | 21.03 | NEGATIVE | IGT has a low relative strength, it was outperformed by 78.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IGT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IGT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IGT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.65 | NEUTRAL | The RSI value for IGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests IGT has a positive trend. |
| Stochastics (14,3) | 87.36 | OVERBOUGHT | The high Stochastics value suggests IGT may be overbought. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for IGT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.82 | NEGATIVE | The low ADX value for IGT suggests a weak or negative trend. |
16.29
+0.48 (+3.04%)
INTERNATIONAL GAME TECHNOLOG / IGT FAQ
Can you provide the ChartMill technical rating for INTERNATIONAL GAME TECHNOLOG?
ChartMill assigns a technical rating of 4 / 10 to IGT.
What is the current trend direction of INTERNATIONAL GAME TECHNOLOG (IGT) stock?
The current trend direction for INTERNATIONAL GAME TECHNOLOG (IGT) is Bearish.
What is the RSI signal for IGT stock?
INTERNATIONAL GAME TECHNOLOG (IGT) has an RSI value of 63.6533. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for INTERNATIONAL GAME TECHNOLOG?
INTERNATIONAL GAME TECHNOLOG (IGT) has a support level at 14.53 and a resistance level at 16.69. Check the full technical report for our detailed analysis of IGT support and resistance levels.