INTREPID POTASH INC (IPI) Stock Technical Analysis
NYSE:IPI - New York Stock Exchange, Inc. - US46121Y2019 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to IPI. Both in the recent history as in the last year, IPI has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, IPI did better than 93% of all other stocks.
IPI is part of the Chemicals industry. There are 85 other stocks in this industry. IPI outperforms 94% of them.
IPI is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so IPI is leading the market.
IPI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Besides having an excellent technical rating, IPI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
21.55
39.34
We found 6 important support areas.
- Support @32.56 from a horizontal line in the daily time frame.
- Support @28.48 from a trend line in the weekly time frame.
- Support @27.11 from a trend line in the daily time frame.
- A support zone ranging from 26.06 to 26.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @23.64 from a trend line in the weekly time frame.
- Support @21.77 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 37.66 to 38.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @38.95 from a horizontal 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 IPI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IPI is up. |
| ChartMill Relative Strength | 93.65 | POSITIVE | IPI has a high relative strength, it outperformed 93.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IPI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IPI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IPI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.38 | NEUTRAL | The RSI value for IPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests IPI has a negative trend. |
| Stochastics (14,3) | 65.32 | NEUTRAL | The Stochastics value for IPI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for IPI suggests some volalility. |
| Average Directional Index/ADX (14) | 26.68 | POSITIVE | The high ADX value value for IPI 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)
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 |
|---|---|---|---|
| 38.20 | 35.29 | 2.91 (7.62%) | 13.13% |
| An entry @38.20. This is a Buy Stop order right above the resistance zone. | An exit @35.29. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.91 points, which is 7.62%. | When investing 13.13% 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.
37.29
-0.62 (-1.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.64%
1 Week-1.24%
2 Weeks2.93%
1 Month-1.71%
3 Month40.24%
6 Month44.76%
12 Month48.27%
2 Year64.35%
3 Year-17.66%
5 Year276.67%
10 Year-68.77%
15 Year-80.95%
Volatility
ATR(14)1.16
ATR(20)%3.46%
ATR Inc-22.91%
Range Today1.17
ADR(20)1.26
ADR(20)%3.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.65
Mansfield3.39
10 Day High39.01
10 Day Low35.3
20 Day High39.01
20 Day Low35.3
52 Week High39.01
52 Week Low20.75
CS1 End32.56
CR1 Start37.66
Volume & EV
DER(3)-5.67%
DER(5)-3%
Volume148.10K
Volume Incr-47.28%
Vol(5)137.52K
Vol(50)217.01K