ISHARES EXPANDED TECH-SOFTWA (IGV) Stock Technical Analysis
NYSEARCA:IGV - US4642875151 - ETF
108.14 USD
+1.3 (+1.22%)
108 USD
-0.14 (-0.13%)
Overall IGV gets a technical rating of 5 out of 10. IGV has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
IGV is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IGV is lagging the market slightly.
IGV has an average volume of 4880510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that IGV is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month IGV has a been trading in a tight range between 104.47 and 110.74.
Although the technical rating is only medium, IGV does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 109.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 107.89, a Stop Loss order could be placed below this zone.
More info and screens
79.41
114.14
4 important support areas can be observed.
- A support zone ranging from 104.99 to 107.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @85.84 from a trend line in the weekly time frame.
- Support @82.65 from a trend line in the weekly time frame.
- Support @80.21 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 109.45 to 110.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 112.69 to 113.01. 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 | UP | POSITIVE | The long term trend for IGV is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IGV is neutral. |
| ChartMill Relative Strength | 73.7 | POSITIVE | IGV has a high relative strength, it outperformed 73.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IGV is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of IGV is below the rising 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) | 49.46 | NEUTRAL | The RSI value for IGV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests IGV has a positive trend. |
| Stochastics (14,3) | 57.06 | NEUTRAL | The Stochastics value for IGV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for IGV suggests low volalility. |
| Average Directional Index/ADX (14) | 15.27 | NEGATIVE | The low ADX value for IGV suggests a weak or negative 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)
108.14
+1.3 (+1.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.22%
1 Week-0.87%
2 Weeks2.06%
1 Month-1.33%
3 Month2.04%
6 Month15.76%
12 Month29.73%
2 Year58.44%
3 Year116.17%
5 Year73.79%
10 Year471.32%
15 Year942.62%
Volatility
ATR(14)1.8
ATR(20)%1.64%
ATR Inc23.2%
Range Today2.23
ADR(20)1.7
ADR(20)%1.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.7
Mansfield-0.14
10 Day High109.4
10 Day Low105.27
20 Day High110.74
20 Day Low104.48
52 Week High114.83
52 Week Low76.68
CS1 End107.89
CR1 Start109.45
Volume & EV
DER(3)1.81%
DER(5)0.48%
Volume5.58M
Volume Incr7.42%
Vol(5)5.98M
Vol(50)4.88M