Taking everything into account, IGV scores 3 out of 10 in our technical rating. IGV has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of IGV is bad and it also does not present a 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
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3 important support areas can be observed.
- A support zone ranging from 100.80 to 102.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @83.24 from a trend line in the weekly time frame.
- Support @80.21 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 117.19 to 117.79. 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 | NEUTRAL | NEUTRAL | The long term trend for IGV is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IGV is neutral. |
| ChartMill Relative Strength | 48.18 | NEUTRAL | IGV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IGV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IGV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IGV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.53 | NEUTRAL | The RSI value for IGV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.84 | POSITIVE | The MACD value suggests IGV has a positive trend. |
| Stochastics (14,3) | 88.62 | OVERBOUGHT | The high Stochastics value suggests IGV may be overbought. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for IGV suggests some volalility. |
| Average Directional Index/ADX (14) | 34.49 | POSITIVE | The high ADX value value for IGV suggests a strong trend. |
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+1.51 (+1.4%)
ISHARES EXPANDED TECH-SOFTWA / IGV FAQ
What is the ChartMill technical rating of ISHARES EXPANDED TECH-SOFTWA (IGV) stock?
ChartMill assigns a technical rating of 3 / 10 to IGV.
What is the current trend direction of ISHARES EXPANDED TECH-SOFTWA (IGV) stock?
The current trend direction for ISHARES EXPANDED TECH-SOFTWA (IGV) is Bearish.
Can you provide the RSI signal for ISHARES EXPANDED TECH-SOFTWA?
ISHARES EXPANDED TECH-SOFTWA (IGV) has an RSI value of 56.5306. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ISHARES EXPANDED TECH-SOFTWA?
The short term momentum for ISHARES EXPANDED TECH-SOFTWA (IGV) is neutral.
Can you provide the support and resistance levels for ISHARES EXPANDED TECH-SOFTWA?
ISHARES EXPANDED TECH-SOFTWA (IGV) has a support level at 102.11 and a resistance level at 117.19. Check the full technical report for our detailed analysis of IGV support and resistance levels.