INTEROIL CORP (IOC) Stock Technical Analysis
NYSE:IOC - New York Stock Exchange, Inc. - CA4609511064
Taking everything into account, IOC scores 5 out of 10 in our technical rating. IOC was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
IOC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 48.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 48.21, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
45.09
When analyzing the support we can see 2 important areas.
- A support zone ranging from 47.86 to 48.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.55 to 45.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 48.51 to 48.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @49.85 from a trend line in the daily time frame.
- A resistance zone ranging from 50.93 to 51.37. 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 IOC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IOC is neutral. |
| ChartMill Relative Strength | 92.08 | POSITIVE | IOC has a high relative strength, it outperformed 92.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IOC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of IOC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IOC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.32 | NEUTRAL | The RSI value for IOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests IOC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.65 | OVERBOUGHT | The high Stochastics value suggests IOC may be overbought. |
| Average True Range in percent/ATR (20) | 0.75 | LOW VOLATILITY | The low ATR as a percentage value for IOC suggests low volalility. |
48.36
-0.04 (-0.08%)