ION GEOPHYSICAL CORP (IO) Stock Technical Analysis
NYSE:IO - New York Stock Exchange, Inc. - US4620442073 - Common Stock
We assign a technical rating of 0 out of 10 to IO. IO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
92% of all other stocks performed better in the past year than IO.
IO is part of the Energy Equipment & Services industry. There are 63 other stocks in this industry, of which 83% are performing better than IO.
IO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so IO is lagging the market.
In the last month IO has a been trading in the 0.30 - 0.69 range, which is quite wide. It is currently trading near the lows of this range.
IO has an average volume of 5657580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
IO has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.34
0.64
When analyzing the resistance we notice 2 important areas.
- Resistance @0.38 from a horizontal line in the daily time frame.
- Resistance @0.63 from a trend 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 | DOWN | NEGATIVE | The long term trend for IO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IO is down. |
| ChartMill Relative Strength | 8.16 | NEGATIVE | IO has a low relative strength, it was outperformed by 91.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.78 | NEUTRAL | The RSI value for IO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IO has a positive trend. |
| Stochastics (14,3) | 28.36 | NEUTRAL | The Stochastics value for IO is a neutral value. |
| Average True Range in percent/ATR (20) | 22.63 | HIGH VOLATILITY | The high ATR as a percentage value for IO suggests high volalility. |
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)
0.345
-0.02 (-6.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-6.68%
1 Week-0.66%
2 Weeks-13.05%
1 Month-50.57%
3 Month-30.42%
6 Month-78.96%
12 Month-81.84%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%22.63%
ATR Inc-37.89%
Range Today0.04
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.16
Mansfield-6.82
10 Day High0.41
10 Day Low0.3
20 Day High0.69
20 Day Low0.3
52 Week High2.67
52 Week Low0.3
CS1 EndN/A
CR1 Start0.38
Volume & EV
DER(3)-12.7%
DER(5)-11.29%
Volume904.50K
Volume Incr-85.14%
Vol(5)1.78M
Vol(50)5.66M