ISHARES CORE S&P MIDCAP ETF (IJH) Stock Technical Analysis
USA - NYSEARCA:IJH - US4642875078 - ETF
65.59 USD
-0.02 (-0.03%)
65.48 USD
-0.11 (-0.17%)
We assign a technical rating of 8 out of 10 to IJH. Although IJH is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
IJH 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 IJH is lagging the market slightly.
IJH has an average volume of 6899790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, IJH outperforms 54% of them, which is more or less in line with the market.
In the last month IJH has a been trading in a tight range between 63.71 and 66.62.
Besides having an excellent technical rating, IJH also presents 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 resistance zone just above the current price starting at 65.72. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 65.48, a Stop Loss order could be placed below this zone.
More info and screens
54.40
68.55
3 important support areas can be observed.
- A support zone ranging from 64.00 to 65.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 61.95 to 62.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @54.95 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 65.72 to 65.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 67.40 to 67.87. 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 | UP | POSITIVE | The long term trend for IJH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IJH is up. |
| ChartMill Relative Strength | 54.15 | NEUTRAL | IJH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IJH is above the rising 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 | MIXED | The current price of IJH is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.82 | NEUTRAL | The RSI value for IJH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests IJH has a negative trend. |
| Stochastics (14,3) | 59.25 | NEUTRAL | The Stochastics value for IJH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.29 | LOW VOLATILITY | The low ATR as a percentage value for IJH suggests low volalility. |
| Average Directional Index/ADX (14) | 29.01 | POSITIVE | The high ADX value value for IJH suggests a strong 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 |
|---|---|---|---|
| 65.97 | 64.82 | 1.15 (1.74%) | 25.00% |
| An entry @65.97. This is a Buy Stop order right above the resistance zone. | An exit @64.82. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.15 points, which is 1.74%. | For a 0.43% 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 IJH. 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.
65.59
-0.02 (-0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.03%
1 Week-0.26%
2 Weeks-0.67%
1 Month3.4%
3 Month8.57%
6 Month11.58%
12 Month5.48%
2 Year31.56%
3 Year49.62%
5 Year77.03%
10 Year140.14%
15 Year309.65%
Volatility
ATR(14)0.86
ATR(20)%1.29%
ATR Inc-0.9%
Range Today0.53
ADR(20)0.79
ADR(20)%1.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.15
Mansfield-0.55
10 Day High66.55
10 Day Low64.83
20 Day High66.62
20 Day Low63.71
52 Week High68.33
52 Week Low50.15
CS1 End65.48
CR1 Start65.72
Volume & EV
DER(3)2.61%
DER(5)-0.03%
Volume7.60M
Volume Incr27.34%
Vol(5)9.01M
Vol(50)6.90M