IO BIOTECH INC (IOBT) Stock Technical Analysis
NASDAQ:IOBT - Nasdaq - US4497781090 - Common Stock - Currency: USD
Overall IOBT gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IOBT is showing a nice and steady performance.
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 87% of 559 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 89% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
IOBT 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 IOBT is lagging the market slightly.
In the last month IOBT has a been trading in the 0.97 - 1.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IOBT has an excellent technical rating, but the quality of the setup is 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
0.87
1.36
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.33 to 1.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.91 to 0.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.88 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 | 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 | 89.74 | POSITIVE | IOBT has a high relative strength, it outperformed 89.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IOBT is above the rising 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) | DOWN | MIXED | The current price of IOBT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.93 | 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. |
| Stochastics (14,3) | 59.02 | NEUTRAL | The Stochastics value for IOBT is a neutral value. |
| Average True Range in percent/ATR (20) | 10.19 | HIGH VOLATILITY | The high ATR as a percentage value for IOBT suggests high volalility. |
| Average Directional Index/ADX (14) | 33.17 | POSITIVE | The high ADX value value for IOBT 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)
1.35
-0.15 (-10%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-10%
1 Week-15.62%
2 Weeks-4.93%
1 Month32.35%
3 Month53.62%
6 Month66.67%
12 Month3.05%
2 Year-30.95%
3 Year-71.09%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%10.19%
ATR Inc8.85%
Range Today0.3
ADR(20)0.13
ADR(20)%9.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.74
Mansfield1.97
10 Day High1.7
10 Day Low1.25
20 Day High1.7
20 Day Low0.97
52 Week High1.73
52 Week Low0.66
CS1 End1.34
CR1 StartN/A
Volume & EV
DER(3)-19.36%
DER(5)-21.75%
Volume384.66K
Volume Incr-0.65%
Vol(5)200.03K
Vol(50)157.39K