IOU FINANCIAL INC (IOU.CA) Stock Technical Analysis
TSX-V:IOU - TSX Venture Exchange - CA44985J2048 - Common Stock - Currency: CAD
We assign a technical rating of 8 out of 10 to IOU. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IOU is showing a nice and steady performance.
IOU is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
The long and short term trends are both positive. This is looking good!
IOU is part of the Financial Services industry. There are 28 other stocks in this industry. IOU outperforms 96% of them.
When comparing the yearly performance of all stocks, we notice that IOU is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
IOU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IOU is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although IOU has an excellent technical rating, it does not present a decent entry opportunity 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
0.12
0.23
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @0.12 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.23 to 0.23. 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 IOU.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IOU.CA is up. |
| ChartMill Relative Strength | 95.36 | POSITIVE | IOU.CA has a high relative strength, it outperformed 95.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IOU.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IOU.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IOU.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.54 | NEUTRAL | The RSI value for IOU.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests IOU.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.67 | NEUTRAL | The Stochastics value for IOU.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for IOU.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.85 | NEGATIVE | The low ADX value for IOU.CA 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)
TSX-V:IOU (10/6/2023, 7:00:00 PM)
0.22
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg0%
1 Week4.76%
2 Weeks2.33%
1 Month-13.73%
3 Month57.14%
6 Month41.94%
12 Month25.71%
2 Year29.41%
3 Year144.44%
5 Year-8.33%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0
ATR(20)%3.07%
ATR Inc154.54%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.36
Mansfield1.93
10 Day High0.24
10 Day Low0.21
20 Day High0.26
20 Day Low0.21
52 Week High0.28
52 Week Low0.11
CS1 End0.21
CR1 Start0.23
Volume & EV
DER(3)0%
DER(5)0%
Volume34.00K
Volume Incr-84.07%
Vol(5)23.70K
Vol(50)181.55K