DMY TECH GRP III CL-A -CW26 (ION.W) Technical Analysis
NYSE:ION.W
Current stock price
ION.W Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to ION.W. ION.W has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- ION.W is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ION.W is lagging the market.
- In the last month ION.W has a been trading in the 14.61 - 25.50 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: ION.W has an average volume of 4494 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- When compared to the yearly performance of all other stocks, ION.W outperforms 68% of them, which is more or less in line with the market.
- Volume is considerably higher in the last couple of days.
ION.W Weekly and Daily overview Charts
ION.W Setup Rating and Analysis
The technical rating of ION.W is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
ION.W Support and Resistance Analysis
15.79
We found 1 important support area.
- Support @15.95 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @19.84 from a trend line in the daily time frame.
- Resistance @30.26 from a trend line in the daily time frame.
ION.W Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for ION.W is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ION.W is down. |
| ChartMill Relative Strength | 68.81 | NEUTRAL | ION.W is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of ION.W is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.44 | NEUTRAL | The RSI value for ION.W is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests ION.W has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.81 | NEUTRAL | The Stochastics value for ION.W is a neutral value. |
| Average True Range in percent/ATR (20) | 10.01 | HIGH VOLATILITY | The high ATR as a percentage value for ION.W suggests high volalility. |
| Average Directional Index/ADX (14) | 21.64 | NEUTRAL | The ADX value for ION.W suggests a possible start of a new trend. |
ION.W Chart- and CandleStick Pattern Analysis
ION.W Technicals: Chart, Performance Metrics, Trend & Indicators
17.72
+1.45 (+8.91%)
DMY TECH GRP III CL-A -CW26 / ION.W TA FAQ
What is the technical rating for ION.W stock?
ChartMill assigns a technical rating of 1 / 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 DMY TECH GRP III CL-A -CW26 (ION.W) stock?
DMY TECH GRP III CL-A -CW26 (ION.W) has an RSI value of 41.4418. This indicates that the stock is currently neutral.
What is the short term momentum for ION.W stock?
The short term momentum for DMY TECH GRP III CL-A -CW26 (ION.W) is negative.
Can you provide the buy/sell signal for DMY TECH GRP III CL-A -CW26?
The buy/sell signal for DMY TECH GRP III CL-A -CW26 (ION.W) is sell as both the short term and long term trends are negative.