ISHARES CORE S&P MIDCAP ETF (IJH) Stock Technical Analysis
NYSEARCA:IJH - NYSE Arca - US4642875078 - ETF - Currency: USD
Overall IJH gets a technical rating of 4 out of 10. IJH 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.
IJH 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.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
IJH has an average volume of 11074100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, IJH turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
IJH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IJH is lagging the market slightly.
In the last month IJH has a been trading in a tight range between 58.84 and 61.82.
IJH has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 59.58, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
52.34
64.55
When analyzing the support we can see 3 important areas.
- A support zone ranging from 59.57 to 59.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @53.74 from a trend line in the weekly time frame.
- Support @52.87 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 60.40 to 61.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @63.91 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 | NEUTRAL | NEUTRAL | The long term trend for IJH is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IJH is neutral. |
| ChartMill Relative Strength | 54.55 | NEUTRAL | IJH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IJH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IJH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IJH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.84 | NEUTRAL | The RSI value for IJH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests IJH has a negative trend. |
| Stochastics (14,3) | 68.78 | NEUTRAL | The Stochastics value for IJH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.37 | LOW VOLATILITY | The low ATR as a percentage value for IJH suggests low volalility. |
| Average Directional Index/ADX (14) | 13.02 | NEGATIVE | The low ADX value for IJH 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)
60.26
-0.94 (-1.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.54%
1 Week-1.36%
2 Weeks0.37%
1 Month-1.47%
3 Month2.83%
6 Month-8.18%
12 Month4.2%
2 Year15.23%
3 Year33.18%
5 Year69.44%
10 Year100.89%
15 Year323.65%
Volatility
ATR(14)0.79
ATR(20)%1.37%
ATR Inc11.71%
Range Today0.92
ADR(20)0.75
ADR(20)%1.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.55
Mansfield-0.55
10 Day High61.7
10 Day Low59.14
20 Day High61.82
20 Day Low58.84
52 Week High68.33
52 Week Low50.15
CS1 End59.58
CR1 Start60.4
Volume & EV
DER(3)-1.28%
DER(5)-0.57%
Volume7.67M
Volume Incr-4.28%
Vol(5)7.00M
Vol(50)11.07M