ION GEOPHYSICAL CORP (IO) Technical Analysis
NYSE:IO • US4620442073
Current stock price
IO Technical Rating and Analysis
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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 92% of all other stocks performed better in the past year than IO.
- IO is one of the lesser performing stocks in the Energy Equipment & Services industry. 96% of 60 stocks in the same industry do better.
- 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 Weekly and Daily overview Charts
IO Setup Rating and Analysis
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
IO Support and Resistance Analysis
0.34
2 important resistance areas can be observed.
- Resistance @0.38 from a horizontal line in the daily time frame.
- Resistance @0.63 from a trend line in the daily time frame.
IO Technical Indicator Signal Analysis
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. |
IO Chart- and CandleStick Pattern Analysis
IO Technicals: Chart, Performance Metrics, Trend & Indicators
0.345
-0.02 (-6.68%)
ION GEOPHYSICAL CORP / IO TA FAQ
Can you provide the ChartMill technical rating for ION GEOPHYSICAL CORP?
ChartMill assigns a technical rating of 0 / 10 to IO.
What is the current trend direction of ION GEOPHYSICAL CORP (IO) stock?
The current trend direction for ION GEOPHYSICAL CORP (IO) is Bearish.
What is the RSI signal for ION GEOPHYSICAL CORP (IO) stock?
ION GEOPHYSICAL CORP (IO) has an RSI value of 38.7758. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ION GEOPHYSICAL CORP?
The MACD indicator for ION GEOPHYSICAL CORP (IO) has a value of 0.00687712, indicating a bearish trend.
Can you provide the buy/sell signal for ION GEOPHYSICAL CORP?
The buy/sell signal for ION GEOPHYSICAL CORP (IO) is sell as both the short term and long term trends are negative.