DMY TECH GRP III CL-A -CW26 (ION.W) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ION.W
Overall ION.W gets a technical rating of 0 out of 10. ION.W scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 86% of all other stocks performed better in the past year than ION.W.
- In the last month ION.W has a been trading in the 27.96 - 42.13 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Warning: ION.W has an average volume of 4534 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- ION.W is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ION.W is lagging the market.
The technical rating of ION.W is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
22.41
When analyzing the support we notice one important area.
- Support @22.64 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 36.53 to 37.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @39.00 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 | NEUTRAL | NEUTRAL | The long term trend for ION.W is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ION.W is down. |
| ChartMill Relative Strength | 14.62 | NEGATIVE | ION.W has a low relative strength, it was outperformed by 85.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ION.W is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ION.W is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ION.W is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.88 | NEUTRAL | The RSI value for ION.W is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.82 | NEGATIVE | The MACD value suggests ION.W has a negative trend. |
| Stochastics (14,3) | 15.51 | OVERSOLD | The low Stochastics value suggests ION.W may be oversold. |
| Average True Range in percent/ATR (20) | 11.37 | HIGH VOLATILITY | The high ATR as a percentage value for ION.W suggests high volalility. |
| Average Directional Index/ADX (14) | 15.74 | NEGATIVE | The low ADX value for ION.W suggests a weak or negative trend. |
27.96
-4.39 (-13.57%)
DMY TECH GRP III CL-A -CW26 / ION.W FAQ
What is the technical rating for ION.W stock?
ChartMill assigns a technical rating of 0 / 10 to ION.W.
What is the trend direction for ION.W stock?
The current trend direction for DMY TECH GRP III CL-A -CW26 (ION.W) is Bearish.
What is the RSI signal for ION.W stock?
DMY TECH GRP III CL-A -CW26 (ION.W) has an RSI value of 36.8801. This indicates that the stock is currently neutral.
Can you provide the short term momentum for DMY TECH GRP III CL-A -CW26?
The short term momentum for DMY TECH GRP III CL-A -CW26 (ION.W) is negative.
What are the support and resistance levels for DMY TECH GRP III CL-A -CW26 (ION.W) stock?
DMY TECH GRP III CL-A -CW26 (ION.W) has a support level at 22.64 and a resistance level at 36.53. Check the full technical report for our detailed analysis of ION.W support and resistance levels.