INTEROIL CORP (IOC) Stock Technical Analysis
NYSE:IOC - New York Stock Exchange, Inc. - CA4609511064
We assign a technical rating of 5 out of 10 to IOC. In the last year, IOC was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, IOC did better than 92% of all other stocks.
IOC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IOC is lagging the market slightly.
In the last month IOC has a been trading in a tight range between 47.56 and 48.75.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, IOC does present a nice setup opportunity. 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
51.88
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. |
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)
48.36
-0.04 (-0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.08%
1 Week0.6%
2 Weeks0.58%
1 Month-0.39%
3 Month-0.41%
6 Month-1.61%
12 Month83.53%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%0.75%
ATR Inc93.78%
Range Today0.81
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
CRS92.08
Mansfield0.01
10 Day High48.6
10 Day Low47.56
20 Day High48.75
20 Day Low47.56
52 Week High51.49
52 Week Low25.66
CS1 End48.21
CR1 Start48.51
Volume & EV
DER(3)-3.11%
DER(5)0.32%
Volume1.68M
Volume Incr77.27%
Vol(5)704.18K
Vol(50)467.49K