IONQ INC (IONQ) Stock Technical Analysis
NYSE:IONQ - New York Stock Exchange, Inc. - US46222L1089 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to IONQ. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month IONQ has a been trading in the 37.25 - 47.88 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, IONQ did better than 99% of all other stocks.
IONQ is part of the Technology Hardware, Storage & Peripherals industry. There are 32 other stocks in this industry. IONQ outperforms 96% of them.
IONQ has an average volume of 24613300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
IONQ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IONQ is lagging the market.
Although the technical rating is only medium, IONQ does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 38.11, a Stop Loss order could be placed below this zone.
More info and screens
22.73
47.03
When analyzing the support we can see 2 important areas.
- A support zone ranging from 38.11 to 38.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.96 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @46.56 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 | UP | POSITIVE | The long term trend for IONQ is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IONQ is down. |
| ChartMill Relative Strength | 99.01 | POSITIVE | IONQ has a high relative strength, it outperformed 99.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IONQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of IONQ is below 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) | 45.11 | NEUTRAL | The RSI value for IONQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.72 | NEGATIVE | The MACD value suggests IONQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.59 | OVERSOLD | The low Stochastics value suggests IONQ may be oversold. |
| Average True Range in percent/ATR (20) | 6.65 | HIGH VOLATILITY | The high ATR as a percentage value for IONQ suggests high volalility. |
| Average Directional Index/ADX (14) | 15.58 | NEGATIVE | The low ADX value for IONQ 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)
39.86
+1.74 (+4.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg4.56%
1 Week-5.86%
2 Weeks-10.29%
1 Month-11.81%
3 Month27.47%
6 Month-1.75%
12 Month459.83%
2 Year131.88%
3 Year571.04%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.69
ATR(20)%6.65%
ATR Inc1.55%
Range Today2.28
ADR(20)2.58
ADR(20)%6.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.01
Mansfield2.74
10 Day High44.64
10 Day Low37.25
20 Day High47.88
20 Day Low37.25
52 Week High54.74
52 Week Low6.54
CS1 End38.11
CR1 Start46.56
Volume & EV
DER(3)-0.32%
DER(5)-1.38%
Volume16.13M
Volume Incr-9.01%
Vol(5)19.30M
Vol(50)24.61M