IONQ INC (IONQ) Stock Technical Analysis
NYSE:IONQ - New York Stock Exchange, Inc. - US46222L1089 - Common Stock - Currency: USD
Overall IONQ gets a technical rating of 8 out of 10. IONQ has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
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 21817000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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. However, this overall performance is mostly based on the strong move around 7 months ago.
IONQ is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IONQ is lagging the market slightly.
In the last month IONQ has a been trading in the 32.83 - 48.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, IONQ also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
21.17
48.11
3 important support areas can be observed.
- Support @36.65 from a horizontal line in the daily time frame.
- Support @24.66 from a trend line in the daily time frame.
- Support @21.38 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 40.06 to 40.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @45.38 from a trend line in the weekly time frame.
- Resistance @47.63 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 | UP | POSITIVE | The short term trend for IONQ is up. |
| ChartMill Relative Strength | 99.22 | POSITIVE | IONQ has a high relative strength, it outperformed 99.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IONQ is below 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) | 51.03 | NEUTRAL | The RSI value for IONQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.81 | NEGATIVE | The MACD value suggests IONQ has a negative trend. |
| Stochastics (14,3) | 25.11 | NEUTRAL | The Stochastics value for IONQ is a neutral value. |
| Average True Range in percent/ATR (20) | 11.01 | HIGH VOLATILITY | The high ATR as a percentage value for IONQ suggests high volalility. |
| Average Directional Index/ADX (14) | 33.18 | POSITIVE | The high ADX value value for IONQ suggests a strong 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)
37.84
-0.87 (-2.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-2.25%
1 Week-3.02%
2 Weeks-6.2%
1 Month16.29%
3 Month51.36%
6 Month11.85%
12 Month391.43%
2 Year179.68%
3 Year763.93%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.66
ATR(20)%11.01%
ATR Inc-52.83%
Range Today2.39
ADR(20)4.03
ADR(20)%10.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.22
Mansfield5.34
10 Day High44.05
10 Day Low35.93
20 Day High48.94
20 Day Low32.83
52 Week High54.74
52 Week Low6.22
CS1 End36.65
CR1 Start40.06
Volume & EV
DER(3)0.93%
DER(5)0.17%
Volume19.40M
Volume Incr30.49%
Vol(5)32.23M
Vol(50)21.82M