INFLECTION POINT ACQUISITI-A (IPAX) Stock Technical Analysis
NASDAQ:IPAX - KYG478741211 - Common Stock
10.42 USD
+1.15 (+12.41%)
10.54 USD
+0.12 (+1.15%)
We assign a technical rating of 7 out of 10 to IPAX. IPAX 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.
Looking at the yearly performance, IPAX did better than 84% of all other stocks.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
IPAX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IPAX is lagging the market.
In the last month IPAX has a been trading in the 9.00 - 10.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although IPAX has an excellent technical rating, the quality of the presented setup is not ideal 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
9.01
10.61
3 important support areas can be observed.
- A support zone ranging from 9.87 to 10.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @9.71 from a horizontal line in the daily time frame.
- A support zone ranging from 9.10 to 9.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.43 to 10.50. 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 | NEUTRAL | NEUTRAL | The long term trend for IPAX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IPAX is neutral. |
| ChartMill Relative Strength | 84.45 | POSITIVE | IPAX has a high relative strength, it outperformed 84.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IPAX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IPAX is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 55.38 | NEUTRAL | The RSI value for IPAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IPAX has a positive trend. |
| Stochastics (14,3) | 54.47 | NEUTRAL | The Stochastics value for IPAX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for IPAX suggests some volalility. |
| Average Directional Index/ADX (14) | 44.73 | POSITIVE | The high ADX value value for IPAX 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)
10.42
+1.15 (+12.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg12.41%
1 Week11.92%
2 Weeks3.32%
1 Month3.84%
3 Month5.68%
6 Month6.98%
12 Month7.43%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%3.52%
ATR Inc275.98%
Range Today1.2
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
CRS84.45
Mansfield0.51
10 Day High10.74
10 Day Low9
20 Day High10.74
20 Day Low9
52 Week High10.74
52 Week Low9
CS1 End10.02
CR1 Start10.43
Volume & EV
DER(3)33.93%
DER(5)22.32%
Volume22.40K
Volume Incr-15.77%
Vol(5)269.78K
Vol(50)191.69K