INTERNATIONAL GAME TECHNOLOG (IGT) Stock Technical Analysis
NYSE:IGT - New York Stock Exchange, Inc. - GB00BVG7F061 - Common Stock - Currency: USD
Taking everything into account, IGT scores 1 out of 10 in our technical rating. IGT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
85% of all other stocks performed better in the past year than IGT.
IGT is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 81% of 134 stocks in the same industry do better.
IGT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IGT is lagging the market.
IGT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
IGT has an average volume of 1876830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, IGT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 14.52, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IGT 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
14.29
18.53
We found 1 important support area.
- A support zone ranging from 14.43 to 14.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- Resistance @15.24 from a horizontal line in the daily time frame.
- Resistance @16.15 from a trend line in the weekly time frame.
- Resistance @16.82 from a trend line in the weekly time frame.
- A resistance zone ranging from 17.12 to 17.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.35 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 | DOWN | NEGATIVE | The long term trend for IGT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IGT is down. |
| ChartMill Relative Strength | 15.27 | NEGATIVE | IGT has a low relative strength, it was outperformed by 84.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IGT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of IGT is below 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) | 45.53 | NEUTRAL | The RSI value for IGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests IGT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.54 | NEUTRAL | The Stochastics value for IGT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for IGT suggests some volalility. |
| Average Directional Index/ADX (14) | 23.17 | NEUTRAL | The ADX value for IGT suggests a possible start of a new 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)
14.99
-0.02 (-0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.13%
1 Week-0.53%
2 Weeks2.74%
1 Month0%
3 Month-12.08%
6 Month-12.95%
12 Month-26.59%
2 Year-52.99%
3 Year-19.23%
5 Year68.43%
10 Year-15.6%
15 Year-4.52%
Volatility
ATR(14)0.37
ATR(20)%2.51%
ATR Inc-26.28%
Range Today0.33
ADR(20)0.36
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.27
Mansfield-2.25
10 Day High15.43
10 Day Low14.5
20 Day High15.79
20 Day Low14.27
52 Week High24.13
52 Week Low13.81
CS1 End14.52
CR1 Start15.24
Volume & EV
DER(3)2.06%
DER(5)3%
Volume1.64M
Volume Incr-23.44%
Vol(5)1.77M
Vol(50)1.88M