ISHARES EXPANDED TECH-SOFTWA (IGV) Stock Technical Analysis
NYSEARCA:IGV - NYSE Arca - US4642875151 - ETF - Currency: USD
We assign a technical rating of 9 out of 10 to IGV. Both in the recent history as in the last year, IGV has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
IGV is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so IGV is performing more or less in line with the market.
IGV is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
IGV has an average volume of 5772720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, IGV did better than 86% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Besides having an excellent technical rating, IGV also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 104.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 103.33, a Stop Loss order could be placed below this zone.
More info and screens
79.41
108.91
When analyzing the support we can see 3 important areas.
- A support zone ranging from 101.93 to 103.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @83.16 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 104.43 to 104.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @107.83 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 | UP | POSITIVE | The long term trend for IGV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IGV is up. |
| ChartMill Relative Strength | 86.84 | POSITIVE | IGV has a high relative strength, it outperformed 86.84% off all stocks 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) | UP | POSITIVE | The current price of IGV is above 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) | 61.43 | NEUTRAL | The RSI value for IGV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests IGV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.8 | NEUTRAL | The Stochastics value for IGV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for IGV suggests low volalility. |
| Average Directional Index/ADX (14) | 17.94 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 105.00 | 101.92 | 3.08 (2.93%) | 25.00% |
| An entry @105.00. This is a Buy Stop order right above the resistance zone. | An exit @101.92. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.08 points, which is 2.93%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.73%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:IGV (6/3/2025, 10:05:08 AM)
104.17
+0.23 (+0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.22%
1 Week1.97%
2 Weeks-1.16%
1 Month4.49%
3 Month11.26%
6 Month-5.55%
12 Month29.31%
2 Year50.24%
3 Year92.76%
5 Year82.83%
10 Year422.47%
15 Year1107.76%
Volatility
ATR(14)1.78
ATR(20)%1.83%
ATR Inc3.77%
Range Today0.59
ADR(20)1.67
ADR(20)%1.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.84
Mansfield0.63
10 Day High105.3
10 Day Low101.2
20 Day High105.61
20 Day Low96.92
52 Week High110.84
52 Week Low75.96
CS1 End103.33
CR1 Start104.43
Volume & EV
DER(3)-0.78%
DER(5)-1.69%
Volume294.56K
Volume Incr-4.63%
Vol(5)4.51M
Vol(50)5.77M