INTEROIL CORP (IOC) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:IOC • 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.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that IOC is one of the better performing stocks in the market, outperforming 92% of all 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.
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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
We found 2 important support 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%)
INTEROIL CORP / IOC FAQ
What is the technical rating for IOC stock?
ChartMill assigns a technical rating of 4 / 10 to IOC.
Can you provide the trend direction for INTEROIL CORP?
The current trend direction for INTEROIL CORP (IOC) is Bullish.
Can you provide the RSI signal for INTEROIL CORP?
INTEROIL CORP (IOC) has an RSI value of 57.3151. This indicates that the stock is currently neutral.
What is the MACD signal for INTEROIL CORP (IOC) stock?
The MACD indicator for INTEROIL CORP (IOC) has a value of 0.0482191, indicating a bearish trend.
What is the short term momentum for INTEROIL CORP (IOC) stock?
The short term momentum for INTEROIL CORP (IOC) is neutral.