IO BIOTECH INC (IOBT) Stock Technical Analysis
NASDAQ:IOBT - Nasdaq - US4497781090 - Common Stock - Currency: USD
Taking everything into account, IOBT scores 7 out of 10 in our technical rating. In the last year, IOBT was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
IOBT is one of the better performing stocks in the Biotechnology industry, it outperforms 85% of 560 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that IOBT is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this relatively good performance is mostly due to a recent big move.
IOBT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IOBT is lagging the market.
In the last month IOBT has a been trading in the 1.20 - 1.57 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, IOBT also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 1.30, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IOBT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.93
1.66
3 important support areas can be observed.
- A support zone ranging from 1.28 to 1.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.21 from a trend line in the daily time frame.
- A support zone ranging from 0.94 to 0.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @1.58 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.61 to 1.64. 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 IOBT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IOBT is neutral. |
| ChartMill Relative Strength | 90.31 | POSITIVE | IOBT has a high relative strength, it outperformed 90.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IOBT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IOBT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IOBT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.57 | NEUTRAL | The RSI value for IOBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests IOBT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 61.92 | NEUTRAL | The Stochastics value for IOBT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.24 | HIGH VOLATILITY | The high ATR as a percentage value for IOBT suggests high volalility. |
| Average Directional Index/ADX (14) | 14.4 | NEGATIVE | The low ADX value for IOBT 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)
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 |
|---|---|---|---|
| 1.59 | 1.29 | 0.30 (18.87%) | 5.30% |
| An entry @1.59. This is a Buy Stop order right above the resistance zone. | An exit @1.29. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.30 points, which is 18.87%. | For a 1.00% total portfolio risk, you can invest 5.30% of your capital in this trade. |
- 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.
1.47
+0.07 (+5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg5%
1 Week-1.34%
2 Weeks-0.68%
1 Month-2%
3 Month71.53%
6 Month68.77%
12 Month13.69%
2 Year-20.11%
3 Year-62.02%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%7.24%
ATR Inc14.16%
Range Today0.13
ADR(20)0.1
ADR(20)%7.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.31
Mansfield2.42
10 Day High1.52
10 Day Low1.3
20 Day High1.57
20 Day Low1.2
52 Week High1.73
52 Week Low0.66
CS1 End1.3
CR1 Start1.58
Volume & EV
DER(3)4.21%
DER(5)-3.6%
Volume460.30K
Volume Incr63.2%
Vol(5)253.16K
Vol(50)173.77K