IONQ INC (IONQ) Stock Technical Analysis
NYSE:IONQ - New York Stock Exchange, Inc. - US46222L1089 - Common Stock - Currency: USD
Taking everything into account, IONQ scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IONQ is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that IONQ is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by IONQ over the past year are nicely spread over this period.
IONQ is part of the Technology Hardware, Storage & Peripherals industry. There are 32 other stocks in this industry. IONQ outperforms 100% of them.
IONQ 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 IONQ is lagging the market slightly.
IONQ has an average volume of 23887100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month IONQ has a been trading in the 36.03 - 47.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, IONQ 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
22.04
48.53
We found 2 important support areas.
- Support @36.65 from a horizontal line in the daily time frame.
- Support @22.26 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @44.86 from a trend line in the weekly time frame.
- A resistance zone ranging from 47.03 to 48.05. 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 IONQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IONQ is up. |
| ChartMill Relative Strength | 99.14 | POSITIVE | IONQ has a high relative strength, it outperformed 99.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IONQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IONQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IONQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.68 | NEUTRAL | The RSI value for IONQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests IONQ has a negative trend. |
| Stochastics (14,3) | 55.97 | NEUTRAL | The Stochastics value for IONQ is a neutral value. |
| Average True Range in percent/ATR (20) | 7.18 | HIGH VOLATILITY | The high ATR as a percentage value for IONQ suggests high volalility. |
| Average Directional Index/ADX (14) | 21.07 | NEUTRAL | The ADX value for IONQ suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 44.87 | 39.71 | 5.16 (11.50%) | 8.70% |
| An entry @44.87. This is a Buy Stop order right above the resistance zone. | An exit @39.71. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.16 points, which is 11.50%. | When investing 8.70% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
42.41
+0.6 (+1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg1.44%
1 Week-6.17%
2 Weeks5.37%
1 Month9.56%
3 Month64.76%
6 Month9.05%
12 Month470.79%
2 Year120.31%
3 Year685.37%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.2
ATR(20)%7.18%
ATR Inc-15.54%
Range Today1.34
ADR(20)2.91
ADR(20)%6.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.14
Mansfield4.58
10 Day High47.88
10 Day Low39.72
20 Day High47.88
20 Day Low36.03
52 Week High54.74
52 Week Low6.22
CS1 End36.65
CR1 Start44.86
Volume & EV
DER(3)-3.54%
DER(5)-3.08%
Volume16.53M
Volume Incr-12.96%
Vol(5)21.94M
Vol(50)23.89M