IHS HOLDING LTD (IHS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IHS - KYG4701H1092 - Common Stock
We assign a technical rating of 10 out of 10 to IHS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IHS is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that IHS is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, IHS also shows a nice and consistent pattern of rising prices.
- IHS is one of the better performing stocks in the Diversified Telecommunication Services industry, it outperforms 88% of 37 stocks in the same industry.
- IHS 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 IHS is lagging the market slightly.
- IHS has an average volume of 1015720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month IHS has a been trading in the 7.08 - 8.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, IHS also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 7.58, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IHS in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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.
More info and screens
6.29
We found 4 important support areas.
- A support zone ranging from 7.45 to 7.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 7.10 to 7.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.76 to 6.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.35 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @7.62 from a horizontal line in the weekly 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 IHS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IHS is up. |
| ChartMill Relative Strength | 95.44 | POSITIVE | IHS has a high relative strength, it outperformed 95.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IHS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IHS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IHS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.03 | NEUTRAL | The RSI value for IHS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests IHS has a negative trend. |
| Stochastics (14,3) | 38.39 | NEUTRAL | The Stochastics value for IHS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for IHS suggests some volalility. |
| Average Directional Index/ADX (14) | 23.21 | NEUTRAL | The ADX value for IHS suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 7.63 | 7.44 | 0.19 (2.49%) | 25.00% |
| An entry @7.63. This is a Buy Stop order right above the resistance zone. | An exit @7.44. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.19 points, which is 2.49%. | For a 0.62% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of IHS. Please evaluate whether better entry and exit points can be found.
- 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.
7.58
+0.16 (+2.16%)
IHS HOLDING LTD / IHS FAQ
What is the ChartMill technical rating of IHS HOLDING LTD (IHS) stock?
ChartMill assigns a technical rating of 10 / 10 to IHS.
What is the current trend direction of IHS HOLDING LTD (IHS) stock?
The current trend direction for IHS HOLDING LTD (IHS) is Bullish.
What is the RSI signal for IHS HOLDING LTD (IHS) stock?
IHS HOLDING LTD (IHS) has an RSI value of 54.0326. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for IHS HOLDING LTD?
The buy/sell signal for IHS HOLDING LTD (IHS) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for IHS HOLDING LTD?
IHS HOLDING LTD (IHS) has a support level at 7.58 and a resistance level at 7.62. Check the full technical report for our detailed analysis of IHS support and resistance levels.