ISHARES US PHARMACEUTICALS E (IHE) Stock Technical Analysis
NYSEARCA:IHE - NYSE Arca - US4642888360 - ETF - Currency: USD
Taking everything into account, IHE scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. IHE was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, IHE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 68.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 67.06, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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60.39
We found 4 important support areas.
- A support zone ranging from 65.67 to 67.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 63.02 to 63.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @62.00 from a horizontal line in the weekly time frame.
- Support @61.00 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 68.14 to 68.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @69.83 from a horizontal line in the daily time frame.
- A resistance zone ranging from 71.86 to 72.87. 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 IHE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IHE is up. |
| ChartMill Relative Strength | 36.82 | NEUTRAL | IHE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IHE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IHE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IHE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.02 | NEUTRAL | The RSI value for IHE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests IHE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.1 | NEUTRAL | The Stochastics value for IHE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.37 | LOW VOLATILITY | The low ATR as a percentage value for IHE suggests low volalility. |
| Average Directional Index/ADX (14) | 11.72 | NEGATIVE | The low ADX value for IHE suggests a weak or negative trend. |
NYSEARCA:IHE (7/18/2025, 8:04:00 PM)
67.13
-0.23 (-0.34%)