INTERNATIONAL GAME TECHNOLOG (IGT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IGT - GB00BVG7F061 - Common Stock
We assign a technical rating of 4 out of 10 to IGT. 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.
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
We found 1 important support 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.
When analyzing the resistance we notice 3 important 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
What is the technical rating for IGT stock?
ChartMill assigns a technical rating of 4 / 10 to IGT.
Can you provide the trend direction for INTERNATIONAL GAME TECHNOLOG?
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.
What is the MACD signal for IGT stock?
The MACD indicator for INTERNATIONAL GAME TECHNOLOG (IGT) has a value of 0.173899, indicating a bearish trend.