DMY TECH GRP III CL-A -CW26 (ION.W) Stock Technical Analysis
NYSE:ION.W - New York Stock Exchange, Inc. -
We assign a technical rating of 10 out of 10 to ION.W. Both in the recent history as in the last year, ION.W has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ION.W did better than 99% of all other stocks.
ION.W 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 ION.W is lagging the market slightly.
In the last month ION.W has a been trading in the 26.33 - 36.50 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ION.W also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
28.68
36.54
When analyzing the support we can see 2 important areas.
- Support @30.32 from a horizontal line in the daily time frame.
- Support @28.97 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @34.47 from a trend line in the daily time frame.
- A resistance zone ranging from 35.83 to 36.18. 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 ION.W is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ION.W is up. |
| ChartMill Relative Strength | 99.86 | POSITIVE | ION.W has a high relative strength, it outperformed 99.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ION.W is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ION.W is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ION.W is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.73 | NEUTRAL | The RSI value for ION.W is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests ION.W has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.42 | NEUTRAL | The Stochastics value for ION.W is a neutral value. |
| Average True Range in percent/ATR (20) | 7.7 | HIGH VOLATILITY | The high ATR as a percentage value for ION.W suggests high volalility. |
| Average Directional Index/ADX (14) | 19.82 | NEGATIVE | The low ADX value for ION.W suggests a weak or negative 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)
34.32
+0.82 (+2.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.45%
1 Week-3.74%
2 Weeks0.84%
1 Month23.84%
3 Month124.92%
6 Month22.08%
12 Month1792.66%
2 Year294.12%
3 Year2918.02%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.54
ATR(20)%7.7%
ATR Inc-37.36%
Range Today2.1
ADR(20)2.43
ADR(20)%7.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.86
Mansfield8.13
10 Day High36.5
10 Day Low29.92
20 Day High36.5
20 Day Low26.33
52 Week High43
52 Week Low1.23
CS1 End30.32
CR1 Start34.47
Volume & EV
DER(3)-0.57%
DER(5)-4.74%
Volume6.44K
Volume Incr-2.4%
Vol(5)16.44K
Vol(50)30.49K